AVI director and company secretary sell shares after award

Roger Coppin, a director of Irvin & Johnson Holding Company (Pty) Ltd, a major AVI subsidiary, conducted several share transactions on October 7 and 8, 2025. On October 7, Coppin accepted 60,054 shares awarded under the AVI Limited Out-Performance Scheme off-market at an allocation price of R72.99. Later that day, he sold the same number of shares on-market at R97.69 per share. On October 8, Coppin accepted 1,655 shares off-market at R72.99 and then sold them on-market at R96.92. All transactions involved ordinary shares and were direct beneficial interests.

Vivien Crystal, AVI's company secretary, also engaged in similar transactions. On October 7, 2025, Crystal accepted 57,374 shares off-market at an allocation price of R72.99. She then sold these shares on-market at R97.69 per share. On October 8, Crystal accepted 1,582 shares off-market at R72.99 and sold them on-market at R96.92. All transactions were for ordinary shares, representing a direct beneficial interest.

Clearance for these dealings was obtained in accordance with AVI's policy regarding director's dealings and the JSE Listings Requirements. The transactions were sponsored by The Standard Bank of South Africa Limited.