AFRICAN BANK LIMITED - Interest Rate Reset-ABLS3

Interest Rate Reset-ABLS3

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
ISIN: ZAG000085119
(“African Bank”)


INTEREST RATE RESET ANNOUNCEMENT

ABLS3     9.217% p.a. (4.00% over 3 month Jibar of 5.217%) for the
          period 31 December 2013 to 30 March 2014, payable on
          31 March 2014(Modified Following*)
          Next reset: 31 March 2014

JIBAR rate as at 31 December 2013: 3 Month 5.217%

*When the interest payment date falls on a non business day, one of
the following date conventions will be applied, as specified for
each individual bond:

1. Following – This means that the interest will be paid on the
   first business day after the weekend or public holiday.

2. Modified following – This means that the interest will be paid on
   the first business day after the weekend or public holiday.
   However, if the first business day after the weekend or public
   holiday falls in a new calendar month the last business day
   before the weekend / public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
   business day before the weekend or public holiday.


31 December 2013

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

Date: 31/12/2013 11:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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