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Tue 21 Jul 2009, 17:00 AVU - Avusa - Acceptance Of Share-Based Incentives By Executive Directors And
AVU
AVU                                                                             
AVU - Avusa - Acceptance Of Share-Based Incentives By Executive Directors And   
Company Secretary                                                               
AVUSA LIMITED                                                                   
Incorporated in the Republic of South Africa                                    
(Registration number:  2008/002461/06)                                          
Share code:  AVU    ISIN code:  ZAE000115895                                    
("Avusa")                                                                       
ACCEPTANCE OF SHARE-BASED INCENTIVES BY EXECUTIVE DIRECTORS AND COMPANY         
SECRETARY                                                                       
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited, the following information, relating to the acceptance of share-based   
incentives by executive directors and the company secretary, is disclosed:      
Executive director            Prakash Desai                                     
Company of which a director   Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Share appreciation rights                         
Number of securities          86 538                                            
Strike price                  R18,20 per right                                  
Value of transaction          R1 574 991,60                                     
Vesting period                Share appreciation rights vest in three years     
                             subject to the fulfilment of a performance         
                             condition                                          
Nature of transaction         Grant and acceptance of share appreciation rights 
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Executive director            Prakash Desai                                     
Company of which a director   Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Conditional awards                                
Number of securities          86 538                                            
Strike price                  Nil per conditional award                         
Value of transaction          Conditional award                                 
Vesting period                Conditional awards vest in three years subject to 
                             the fulfilment of a performance condition          
Nature of transaction         Grant and acceptance of conditional awards        
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Executive director            Howard Benatar                                    
Company of which a director   Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Share appreciation rights                         
Number of securities          30 462                                            
Strike price                  R18,20 per right                                  
Value of transaction          R554 408,40                                       
Vesting period                Share appreciation rights vest in three years     
                             subject to the fulfilment of a performance         
                             condition                                          
Nature of transaction         Grant and acceptance of share appreciation rights 
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Executive director            Howard Benatar                                    
Company of which a director   Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Conditional awards                                
Number of securities          30 462                                            
Strike price                  Nil per conditional award                         
Value of transaction          Conditional award                                 
Vesting period                Conditional awards vest in three years subject to 
                             the fulfilment of a performance condition          
Nature of transaction         Grant and acceptance of conditional awards        
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Company secretary             Joanne Matisonn                                   
Company of which a company                                                      
secretary                     Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Share appreciation rights                         
Number of securities          14 717                                            
Strike price                  R18,20 per right                                  
Value of transaction          R267 849,40                                       
Vesting period                Share appreciation rights vest in three years     
subject to the fulfilment of a performance         
                             condition                                          
Nature of transaction         Grant and acceptance of share appreciation rights 
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Company secretary             Joanne Matisonn                                   
Company of which a company                                                      
secretary                     Avusa                                             
Transaction date              20 July 2009                                      
Class of securities           Conditional awards                                
Number of securities          8 176                                             
Strike price                  Nil per conditional award                         
Value of transaction          Conditional award                                 
Vesting period                Conditional awards vest in three years subject to 
                             the fulfilment of a performance condition          
Nature of transaction         Grant and acceptance of conditional awards        
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
Johannesburg                                                                    
21 July 2009                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 21/07/2009 17:00:04 Produced by the JSE SENS Department.                  
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