ABL/ABLP - African Bank Investments Limited - Offer by Hlumisa Investment

ABL/ABLP - African Bank Investments Limited - Offer by Hlumisa Investment       
Holdings Ltd ("Hlumisa") to black ordinary shareholders and Abil Black          
Employees and directors                                                         
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")                                                                        
OFFER BY HLUMISA INVESTMENT HOLDINGS LTD ("HLUMISA") TO BLACK ORDINARY          
SHAREHOLDERS AND ABIL BLACK EMPLOYEES AND DIRECTORS                             
The Hlumisa offer to Black ordinary shareholders and ABIL Black Employees and   
Directors to apply for shares in Hlumisa closed on 27 November 2009. The offer  
was oversubscribed as applications for shares exceeded the available shares by  
1.7 million.                                                                    
The articles of Hlumisa were amended at the Hlumisa AGM held on 27 March 2010   
to allow for private placements to be made at a price of R5,40 per share to     
certain black persons who over-subscribed for the shares in terms of the offer  
as per above. A total of R 69,6 million was raised on the initial offer and     
private placement, which was used to purchase ABIL ordinary shares on the JSE   
Limited. The purchase of the ABIL ordinary shares has now been completed which  
has resulted in a change in the effective indirect holding in ABIL by the       
black directors.                                                                
ABIL directors interest in Hlumisa                                              
The following directors of ABIL have subscribed for and have been allotted      
ordinary shares in Hlumisa in terms of the current offers and the private       
placements subsequently:                                                        
Indirect beneficial                   Current       Rand Value  Current         
                                     effective     invested in indirect         
                                     holding in    shares      interest in      
Hlumisa                   ABIL             

                                     current                                    
                                     offer                                      
Mr Mutle Mogase                       3.14%         3,799,996   582 675         
(ABIL Chairman)                                                                 
Ms Mpho Nkeli                         0.35%         333,870     64 846          
(Non-Executive Director)                                                        
Mr Samuel Sithole                     2.51%         3,600,000   466 140         
(Non-Executive Director)                                                        
Mr Nithia Nalliah                     0.63%         600,000     116 535         
(Executive Director)                                                            
Mr Tami Sokutu                        4.42%         6,000,996   820 255         
(Executive Director)                                                            
Midrand                                                                         
26 July 2010                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 26/07/2010 13:46:02 Supplied by www.sharenet.co.za                     
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