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Wed 2 Jan 2008, 8:05 AVI - AVI Limited - Acceptance of options by a director
AVI
 AVI                                                                             
AVI - AVI Limited - Acceptance of options by a director                         
(Registration number 1944/017201/06)                                            
Share code: AVI                                                                 
ISIN: ZAE000049433                                                              
("AVI" or "the Group")                                                          
ACCEPTANCE OF OPTIONS BY A DIRECTOR                                             
In compliance with the Listings Requirements of the JSE Limited, the following  
information is disclosed:                                                       
Director                   :    Robert Katzen                                   
Company                    :    AVI                                             
Date of transaction        :    31 December 2007                                
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  :    43,414                                          
Option allocation price    :    R21.35                                          
Vesting                    :    In full on the third anniversary of allocation, 
                               subject to performance measurement               
Total value of transaction :    R926,888.00                                     
Nature and extent of                                                            
director`s interest        :    Direct beneficial                               
Clearance obtained         :    Yes                                             
Illovo                                                                          
2 January 2008                                                                  
Sponsor                                                                         
Standard Bank                                                                   
Date: 02/01/2008 08:05:17 Produced by the JSE SENS Department.                  
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