AFRICAN BANK LIMITED - Commencement Of Business Operations And Change Of Name To African Bank Limited?

Commencement Of Business Operations And Change Of Name To “African Bank Limited”

AFRICAN BANK LIMITED (previously K2014176899 (SOUTH AFRICA) LIMITED)
(Incorporated in the Republic of South Africa)
(Registration No. 2014/176899/06)
Company code: ABKI
(“the Bank” or “African Bank”)


COMMENCEMENT OF BUSINESS OPERATIONS AND CHANGE OF NAME TO “AFRICAN BANK
LIMITED”

The new African Bank has today commenced business after the final execution of the restructuring
transaction of the entity formerly known as African Bank Limited (in curatorship). That entity has
today formally changed its name to “Residual Debt Services Limited” (which remains under
curatorship) and the new bank has likewise changed its name from K2014176899 (South Africa)
Limited to “African Bank Limited” and will henceforth trade under that name.

African Bank is a 100% subsidiary of African Bank Holdings Limited (“ABHL”). ABHL is an unlisted
registered bank controlling company under the Banks Act, Act 94 of 1990. The shares in ABHL are
privately held by the South African Reserve Bank, the Government Employees Pension Fund, Absa
Bank Limited, Nedbank Limited, FirstRand Bank Limited, Investec Bank Limited, The Standard Bank of
South Africa Limited and Capitec Bank Limited.

Listed Debt Securities

As a result of the fact that the Bank has debt instruments that have today been listed on the
Johannesburg Stock Exchange (“JSE”), London Stock Exchange (“LSE”) and Swiss Securities Services
Corporation (“SIX”), the Bank will from time to time issue notices pertaining to those securities via
the relevant stock exchange news services, as required by the regulations of the relevant stock
exchange.

The securities listed today on the JSE under the Bank’s ZAR25 billion Domestic Medium Term Note
programme are as follows:

    Bond Code                 ISIN           Nominal Amount (ZAR)                Maturity Date

    ABK1                  ZAG000134420                  360 000 000                 7 Nov 2018
    ABK2                  ZAG000134438                  420 000 000                24 May 2018
    ABK3                  ZAG000134446                  400 000 000                 7 Nov 2018
    ABK4                  ZAG000134453                  304 000 000                24 May 2018
    ABK5                  ZAG000134461                  800 000 000                31 Oct 2018
    ABK6                  ZAG000134479                  222 400 000                5 June 2020
    ABK7                  ZAG000134487                  567 200 000                3 June 2019
    ABK8                  ZAG000134495                  152 800 000                3 June 2021
    ABK9                  ZAG000134503                  640 000 000                18 Nov 2019
    ABK10                 ZAG000134511                  800 000 000                14 Feb 2020
    ABK11                 ZAG000134529                  408 000 000                20 May 2019
    ABK12                 ZAG000134537                  392 000 000                20 May 2022
    ABKI01                ZAG000134545                  600 000 000                 7 Nov 2018
    ABKI02                ZAG000134552                  521 600 000                5 June 2020
    ABKI03                ZAG000134560                1 600 000 000                13 Oct 2021
    ABKI04                ZAG000134578                  480 000 000                13 Mar 2024
    ABKS1                 ZAG000134412                1 485 000 000               4 April 2026

The securities listed today on the LSE under the Bank’s $6 billion Euro Medium Term Note
programme are as follows:

           ISIN          Nominal Amount (US$)                Maturity Date

    XS1390059969                    280 000 000                 8 Feb 2020
    XS1390060546                    280 000 000                19 Oct 2020

The securities listed today on SIX under the Bank’s $6 billion Euro Medium Term Note programme
are as follows:

    Series Number                   ISIN    Nominal Amount (CHF)               Maturity Date

    Series 1             CH0310140543                  120 000 000               18 Mar 2019
    Series 2             CH0310140568                  100 000 000                20 Jul 2020
    Series 3             CH0310140584                   84 000 000                 5 Jun 2021
    Series 4             CH0310140600                  140 000 000               22 Apr 2022

Business Strategy

The Bank’s business strategy was outlined in a presentation to members of the financial media on 17
March 2016. The presentation can be accessed on the bank’s investor relations website at
https://www.africanbank.co.za/about-us/investors under the Press Release section.

Interested parties can contact the African Bank at investor.relations@africanbank.co.za for any
further information.



Date 4 April 2016

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 04/04/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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