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Thu 27 May 2004, 9:14 AVI Limited - DIRECTOR"S DEALINGS IN AVI SHARES
AVI Limited - DIRECTOR`S DEALINGS IN AVI SHARES                                 
AVI Limited                                                                     
(`AVI`)                                                                         
(Registration number 1944/017201/06)                                            
Share Code:    AVI                                                              
ISIN:          ZAE000030102                                                     
DIRECTOR`S DEALINGS IN AVI SHARES                                               
In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE    
Securities Exchange South Africa (`the JSE`), the following information is      
disclosed:                                                                      
Director                  :     Mr S L Crutchley                                
Date of transaction       :     20 May 2004                                     
Price per unit            :     R17.40                                          
Number of shares          :     5,000 ordinary 5 cent shares                    
Aggregate consideration   :     R87,000.00                                      
Nature of transaction     :     Sale                                            
Extent of interest        :     Directly beneficial                             
Director                  :     Mr S L Crutchley                                
Date of transaction       :     21 May 2004                                     
Price per unit            :     R17.45                                          
Number of shares          :     10,000 ordinary 5 cent shares                   
Aggregate consideration   :     R174,500.00                                     
Nature of transaction     :     Sale                                            
Extent of interest        :     Directly beneficial                             
Director                  :     Mr S L Crutchley                                
Date of transaction       :     24 May 2004                                     
Price per unit            :     R17.45                                          
Number of shares          :     10,000 ordinary 5 cent shares                   
Aggregate consideration   :     R174,500.00                                     
Nature of transaction     :     Sale                                            
Extent of interest        :     Directly beneficial                             
Mr Crutchley retains direct beneficial ownership of 146 250 AVI shares.         
Clearance to deal in these shares was obtained in accordance with AVI`s policy  
with regard to directors` dealings as well as the Listings Requirements of the  
JSE.                                                                            
Sandton                                                                         
26 May 2004                                                                     
Sponsor                                                                         
Standard Bank
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