AFRICAN BANK INVESTMENTS LIMITED - Proposed Change of Name

Proposed Change of Name

AFRICAN BANK INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1946/021193/06)
Ordinary share code: ABL       ISIN: ZAE000030060
Hybrid instrument code: ABLP      ISIN: ZAE000065215
(“ABIL” or “the Company”)


PROPOSED CHANGE OF NAME


Shareholders are referred to the announcement released on SENS on 8 August 2016 wherein they
were advised that the Notice of Annual General Meeting (“Notice”) of the Company had been distributed.
The resolutions set out in the Notice include, inter alia, the proposed change of name of the Company
to ‘African Phoenix Investments Limited’ and consequential amendments to the Company’s
Memorandum of Incorporation.

The proposed change of name is as a result of the cancellation of the registration of ABIL as a controlling
company in the Republic of South Africa subsequent to the cancellation of the registration of a bank in
terms of section 27 of the Banks Act, 1990 (Act 94 of 1990) of ABIL’s wholly-owned subsidiary, Residual
Debt Services Limited (formerly African Bank Limited), by the office of the Registrar of Banks.
Accordingly, the Company is required to remove the word “bank” or any derivative thereof from its
business name or description pursuant to the cancellation of its registration as a controlling company.

The salient dates and times for the Annual General Meeting and the proposed change of name are set
out below.

                                                                                                     2016
  Record date to receive Notice of Annual General Meeting                                 Friday, 29 July
  Notice of Annual General Meeting to be distributed to shareholders
  on                                                                                     Monday, 8 August
  Last day to trade to be recorded in the register on the record date for
  participation in the Annual General Meeting                                          Tuesday, 23 August
  Record date to participate in and vote at the Annual General Meeting                  Friday, 26 August
  Last day for lodging forms of proxy at 10:00 on                                     Friday, 2 September
  Annual General Meeting at 10:00 on                                                 Tuesday, 6 September
  Results of Annual General Meeting released on SENS on                              Tuesday, 6 September
  Results of Annual General Meeting regarding change of name
  published in the press on                                                        Wednesday, 7 September
  Special resolution in respect of the proposed change of name
  expected to be registered by CIPC by no later than                                Tuesday, 20 September
  Finalisation date in respect of the proposed change of name of the
  Company on or about                                                                Friday, 23 September
  Last day to trade in ABIL shares in respect of the proposed change of
  name of the Company                                                                  Tuesday, 4 October
  Listing of and trading in new ordinary and preference shares on the
  JSE under JSE code AXL and ISIN: ZAE000221370, and AXLP and
  ISIN: ZAE000221388, respectively, from commencement of business
  on or about                                                                        Wednesday, 5 October
  Record Date                                                                           Friday, 7 October
  Date of issue of new replacement share certificates provided that the
  old share certificates have been lodged by 12:00 on the Record Date
  (share certificates received after this time will be posted within five
  business days of receipt) on or about                                                Monday, 10 October
  Dematerialised shareholders will have their accounts at their CSDP
  or broker updated on                                                                 Monday, 10 October
 
 Notes:
  1. All references to times set out in the table above are to South African local times unless otherwise stated. The
     above dates and times are subject to change. Updates will be released on SENS and published in the South
     African press.
  2. Shareholders will not be able to dematerialise or rematerialise securities in the name of ABIL from Wednesday,
     5 October 2016.
  3. Share certificates and surrender forms received after 12:00 on the Record Date will have their replacement
     certificates posted within five Business Days of receipt of surrender forms.


Johannesburg
18 August 2016

Sponsor
Merchantec Capital

Date: 18/08/2016 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.