AFRICAN BANK LIMITED - ABJ04 ABJ05 - Notification of Partial Reductions of the Nominal Amounts of Listed Debt Securities

ABJ04 ABJ05 - Notification of Partial Reductions of the Nominal Amounts of Listed Debt Securities

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2014/176899/06)
Company code: ABKI
LEI: 2549008X8SL1B1J86F98
Bond codes: ABJ04 and ABJ05
ISIN: ZAG000184680 And ZAG000184698
(“African Bank” or the “Bank”)


NOTIFICATION OF PARTIAL REDUCTIONS OF THE NOMINAL AMOUNTS OF LISTED DEBT
SECURITIES

In accordance with the Terms and Conditions of African Bank’s ZAR 25 000 000 000 Domestic
Medium Term Note Programme dated 13 March 2019, as amended and/or supplemented
from time to time, noteholders are herewith advised of the partial reductions of the nominal
amounts of the ABJ04 and ABJ05 notes (collectively, the “notes”).

Bond code:                                                ABJ04
ISIN:                                                     ZAG000184680
Nominal amount before reduction:                          ZAR 280 000 000.00
Reduction of nominal amount:                              ZAR 125 000 000.00
Nominal amount after reduction:                           ZAR 155 000 000.00
Settlement / redemption amount:                           ZAR 125 000 000.00
Pay date of the repurchase:                               30 December 2022
Effective date of the reduction in nominal amount:        30 December 2022

Bond code:                                                ABJ05
ISIN:                                                     ZAG000184698
Nominal amount before reduction:                          ZAR 420 000 000.00
Reduction of nominal amount:                              ZAR 215 000 000.00
Nominal amount after reduction:                           ZAR 205 000 000.00
Settlement / redemption amount:                           ZAR 215 000 000.00
Pay date of the repurchase:                               30 December 2022
Effective date of the reduction in nominal amount:        30 December 2022

These partial reductions of the nominal amounts of the notes are due to the repurchase of
the listed notes by the Bank.


28 December 2022

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

Date: 28-12-2022 11:47:00
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