Dealing in AVI Shares by Directors of Major Subsidiaries

The announcement

Dealing in AVI Shares by Directors of Major Subsidiaries

AVI Limited
Registration Number: 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with Rules 6.77 – 6.80 of the Listings Requirements
of the JSE Limited (“the JSE”), the following information is
disclosed:

Name of director             :   Roger Coppin
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   06 October 2026
Number of options granted    :   65 126
Option allocation price      :   R74.00
Total value of transaction   :   R4 819 324.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Limited Out-
                                 Performance Scheme
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Roger Coppin
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   06 October 2026
Number of options granted    :   65 126
Price per share              :   R82.9929
Total value of transaction   :   R5 404 995.61
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares accepted as above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Name of director             :   Roger Coppin
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   06 October 2026
Number of options granted    :   15 396
Option allocation price      :   R75.20
Total value of transaction   :   R1 157 779.20
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Deferred Bonus
                                 Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Roger Coppin
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   06 October 2026
Number of options granted    :   15 396
Price per share              :   R83.0771
Total value of transaction   :   R1 279 055.03
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares accepted as above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Name of director             :   Roelf van der Laan
Name of major subsidiary     :   National Brands Limited
Date of transaction          :   06 October 2026
Number of shares granted     :   57 274
Option allocation price      :   R74.00
Total value of transaction   :   R4 238 276.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Limited Out-
                                 Performance Scheme
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Roelf van der Laan
Name of major subsidiary     :   National Brands Limited
Date of transaction          :   06 October 2026
Number of shares granted     :   57 274
Price per share              :   R83.0149
Total value of transaction   :   R4 754 595.38
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares accepted as above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Clearance to deal in these shares was obtained in accordance with
AVI’s policy with regard to director’s dealings as well as the
Listings Requirements of the JSE.

Illovo
07 October 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 07/10/2026 05:10:00
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