Change in beneficial interest

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

NOTICE TO SHAREHOLDERS OF AVI IN TERMS OF SECTION 122(3)OF THE COMPANIES
ACT, No 71 of 2008 ("COMPANIES ACT") AND PARAGRAPH 3.83(B) OF THE JSE
LISTINGS REQUIREMENTS


In accordance with section 122(3)(b) of the Companies Act and paragraph
3.83(b) of the Listings Requirements of the JSE Limited, shareholders
of AVI are hereby advised that Schroders PLC has formally notified the
Company that it has decreased its beneficial interest in the securities
of the Company to 4.79% of the total issued ordinary shares of the
Company.

The board of directors of the Company accepts responsibility for the
information contained in this announcement having relied on the
information provided in the Form TRP 121.1 and certifies that, to the
best of its knowledge and belief, the information contained in this
announcement is true and this announcement does not omit anything that
is likely to affect the import of such information.

As required in terms of section 122(3) of the Companies Act, AVI has
filed the required notice with the Takeover Regulation Panel.


Illovo
Sandton
9 November 2023

Sponsor
The Standard Bank of South Africa Limited

Date: 09-11-2023 02:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.