Dealing in AVI Shares by Company Secretary of Major Subsidiary

The announcement

Dealing in AVI Shares by Company Secretary of Major Subsidiary

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

DEALING IN AVI SHARES BY COMPANY SECRETARY OF MAJOR SUBSIDIARY

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 company secretary    :   Ashfaque Ahmed
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   19 October 2026
Number of options granted    :   742
Option allocation price      :   R75.20
Total value of transaction   :   R55 798.40
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 company secretary    :   Ashfaque Ahmed
Name of major subsidiary     :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   19 October 2026
Number of options granted    :   742
Price per share              :   R81.85
Total value of transaction   :   R60 732.70
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
Sandton
20 October 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 20/10/2026 05:34:00
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