AVI                                                                             
AVI - AVI Limited - Dealing in AVI shares by a director of a major              
subsidiary                                                                      
AVI Limited                                                                     
(Registration Number 1944/017201/06)                                            
Share Code: AVI                                                                 
ISIN: ZAE000049433                                                              
("AVI")                                                                         
DEALING IN AVI SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY                       
In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE    
Limited ("the JSE"), the following information is disclosed:                    
Director                      :    David Hood                                   
Company                       :    National Brands Limited                      
Date of transaction           :    11 April 2012                                
Price per unit                :    R46.01                                       
Number of ordinary shares     :    79,000                                       
Aggregate consideration       :    R3,634,790.00                                
Class of securities           :    Ordinary shares                              
Nature of transaction         :    Exercise and sale of share options in the    
                                  market                                        
Extent of interest            :    Direct beneficial                            
Director                      :    David Hood                                   
Company                       :    National Brands Limited                      
Date of transaction           :    11 April 2012                                
Price per unit                :    R46.55                                       
Number of ordinary shares     :    50,660                                       
Aggregate consideration       :    R2,358,223.00                                
Class of securities           :    Ordinary shares                              
Nature of transaction         :    Exercise of share options and transfer of    
                                  shares                                        
Extent of interest            :    Direct beneficial                            
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. The above sale transaction was done on market.         
Illovo                                                                          
Sandton                                                                         
12 April 2012                                                                   
Sponsor                                                                         
The Standard Bank of South Africa Limited                                       
Date: 12/04/2012 17:34:37 Produced by the JSE SENS Department.                  
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