AVI Limited (Incorporated in the Republic of South Africa) Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI” or “the Company”) ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS, DIRECTORS OF MAJOR SUBSIDIARIES, AVI COMPANY SECRETARY AND I&J COMPANY SECRETARY In compliance with sections 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Simon Crutchley Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 118 861 Option allocation price : R72.99 Total value of transaction : R8,675,664.39 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Justin O’Meara Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 31 734 Option allocation price : R72.99 Total value of transaction : R2,316,264.66 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Michael Koursaris Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 39 308 Option allocation price : R72.99 Total value of transaction : R2,869,090.92 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Gaynor Poretti Company : National Brands Limited Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 47 168 Option allocation price : R72.99 Total value of transaction : R3,442,792.32 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Roelf van der Laan Company : National Brands Limited Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 22 612 Option allocation price : R72.99 Total value of transaction : R1,650,449.88 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Jonty Jankovich-Besan Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 34 875 Option allocation price : R72.99 Total value of transaction : R2,545,526.25 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Brendon Lucke Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 25 706 Option allocation price : R72.99 Total value of transaction : R1,876,280.94 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Simon Crutchley Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 219 682 Option allocation price : R73.43 Total value of transaction : R16,131,249.26 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Justin O’Meara Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 28 433 Option allocation price : R73.43 Total value of transaction : R2,087,835.19 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Michael Koursaris Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 60 718 Option allocation price : R73.43 Total value of transaction : R4,458,522.74 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Gaynor Poretti Company : National Brands Limited Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 16 430 Option allocation price : R73.43 Total value of transaction : R1,206,454.90 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Roelf van der Laan Company : National Brands Limited Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 6 379 Option allocation price : R73.43 Total value of transaction : R468,409.97 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Jonty Jankovich-Besan Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 13 026 Option allocation price : R73.43 Total value of transaction : R956,499.18 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Brendon Lucke Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 7 673 Option allocation price : R73.43 Total value of transaction : R563,428.39 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Company Secretary : Sureya Scheepers Company : AVI Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 2 963 Option allocation price : R73.43 Total value of transaction : R217,573.09 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Company Secretary : Ashfaque Ahmed Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 931 Option allocation price : R73.43 Total value of transaction : R68,363.33 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Justin O’Meara Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Revised Executive Share Incentive Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 123 020 Option allocation price : R73.43 Total value of transaction : R9,033,358.60 Vesting period : 3 years Nature and extent of interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Company Secretary : Sureya Scheepers Date of transaction : 10 October 2022 Nature of transaction : Acceptance of options in the AVI Revised Executive Share Incentive Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 22 277 Option allocation price : R73.43 Total value of transaction : R1,635,800.11 Vesting period : 3 years Nature and extent of interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Illovo 11 October 2022 Sponsor The Standard Bank of South Africa Limited