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AVI Limited - Cautionary Announcement                                           
AVI Limited                                                                     
(Registration number 1944/017201/06)                                            
Share code: AVI                                                                 
ISIN: ZAE000049433                                                              
(`AVI` or `the Company`)                                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that AVI is in discussions which relate to an          
acquisition within the branded food sector. If successfully concluded, this     
transaction may have a material effect on the price of AVI shares. Accordingly, 
shareholders are advised to exercise caution in dealing the Company`s shares    
until further announcements are made in respect of the above.                   
Chislehurston                                                                   
Sandton                                                                         
1 July 2005                                                                     
Sponsor                                                                         
Standard Bank                                                                   
Date: 01/07/2005 04:51:01 PM                   
Produced by the JSE SENS Department

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