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AFRICAN BANK INVESTMENTS LIMITED - Further cautionary and continued suspension of all debt securities of the Bank and equity securities of ABIL

Release Date: 27/01/2015 09:30
Wrap Text
Further cautionary and continued suspension of all debt securities of the Bank and equity securities of ABIL

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code : ABL ISIN: ZAE000030060
Preference share code : ABLP ISIN: ZAE000065215
(“ABIL” or “the Group” or the “Company)

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code : BIABL
In Curatorship
(“African Bank” and the “Bank”)

Further cautionary announcement and continued suspension of all debt securities of
the Bank and equity securities of ABIL

1. Investors are advised that the curatorship of the Bank and the restructuring initiatives in respect
   of ABIL, as announced in a statement by the then Governor of the South African Reserve Bank
   (“SARB”), Ms Gill Marcus, on 10 August 2014 (“the SARB statement”) remain ongoing.

2. During this time, trading in both the debt securities of the Bank and the equity securities of ABIL
   will continue to remain suspended. Investors are therefore advised to continue to exercise caution
   when dealing in the debt securities of the Bank and the equity securities of ABIL until further
   detailed announcements are made.

3. Investors are referred to the ABIL and African Bank announcements released on the Stock
   Exchange News Service (“SENS”) on 10 December 2014, respectively entitled "Renewal of
   cautionary announcement and continued suspension of all securities of ABIL, an update on the
   business rescue process in Ellerines and update on the release of ABIL’s annual results for
   financial year ended 30 September 2014” and "Renewal of cautionary announcement, further
   update on the curatorship of African Bank and proposed restructuring measures”.


On behalf of the Board of ABIL and the Curator of the Bank

27 January 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Footnote : T Winterboer was appointed as curator of African Bank Limited on 10 August 2014 by
the Minister of Finance of the Republic of South Africa and pursuant to the Banks Act No. 94 of 1990
(as amended) to manage the affairs of African Bank Limited subject to the supervision of the
Registrar. Please note that Mr Winterboer acts in the aforesaid capacity.

Date: 27/01/2015 09:30:00 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.