AFRICAN BANK LIMITED - ABKI - Notification of a Supplement to the 2016 Programme Memorandum and the 2019 Programme Memorandum

ABKI - Notification of a Supplement to the 2016 Programme Memorandum and the 2019 Programme Memorandum

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
LEI: 2549008X8SL1B1J86F98
(“African Bank” or the “Issuer”)

NOTIFICATION OF A SUPPLEMENT TO THE 2016 PROGRAMME MEMORANDUM AND THE
2019 PROGRAMME MEMORANDUM

African Bank has received approval from the JSE Limited (“JSE”) on the African Bank
Supplement dated 28 March 2022 (the “Supplement”) to the programme memorandum
dated 22 March 2016 (“2016 Programme Memorandum”) and the programme memorandum
dated 13 March 2019 (“2019 Programme Memorandum”) (collectively, the “Programme
Memoranda”).

The Issuer has effected the following changes in the Supplement:

•   The section of the Programme Memoranda headed “Documents Incorporated by Reference”
    is replaced in its entirety with the section headed “Documents Incorporated by Reference”
    commencing on page 3 of the Supplement.

•   In the section of the Programme Memoranda headed “General Information” the paragraphs
    headed “Auditors of the Issuer” and “Auditors of Old African Bank” are deleted and
    replaced with the following paragraph:

    Auditors of the Issuer
       For the period from 1 October 2015 until 30 September 2021, PricewaterhouseCoopers
       Inc. was the appointed independent auditor of the Issuer.

       For the financial year commencing on 1 October 2021, KPMG Inc. situated at 85 Empire
       Rd, Parktown, Johannesburg, South Africa, 2193 has been appointed as the independent
       auditor of the Issuer.

       The appointment of KPMG Inc. as independent auditor of the Issuer falls within the
       responsibilities of the board of directors of the Issuer.

•   In the section of the Programme Memoranda headed “General Information” the
    following paragraph is inserted after the paragraph headed “Auditors of the Issuer”:

       Applicable Legislation and Legal Form
       The Issuer was registered as a public company under registration number 2014/176899/06
       on 9 September 2014 with the Companies and Intellectual Property Commission
       established under section 185 of the Companies Act. The Issuer is acting in compliance
       with the provisions of the Companies Act and in conformity with is constitutional
       documents.

The Supplement is available for inspection at the registered office of the Issuer and will be
made      available      for       inspection       on      the       Issuer’s      website,
https://www.africanbank.co.za/en/home/corporate-info-debt-investor-info/ .

The Supplement will also be made available for inspection on the JSE’s website,
www.jse.co.za.

30 March 2022

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

Date: 30-03-2022 08:00:00
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