ABL/ABLP - African Bank Investments Limited - African Bank Issues A R2

ABL/ABLP - African Bank Investments Limited - African Bank Issues A R2          
Billion, Senior Unsecured 5-Year Inflation Linked Bond (ABL I02)                
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                              
AFRICAN BANK ISSUES A R2 BILLION, SENIOR UNSECURED 5-YEAR INFLATION LINKED      
BOND (ABL I02)                                                                  
African Bank Limited, a wholly-owned subsidiary of African Bank Investments     
Limited has issued, by way of a private placement, a five year, R2 billion      
senior unsecured inflation linked bond.  The yield to maturity on the           
instrument equates to CPI plus 8%, which represents a spread of approximately   
500 bps above the benchmark R189 government inflation linked bond. In line      
with existing practice, African Bank will hedge the inflation risk embedded in  
the bond.                                                                       
This bond, the largest issued by African Bank to date, is the 12th tranche of   
senior unsecured bonds under its DMTN programme and will be listed on the Bond  
Exchange of South Africa (BESA) on 8 May 2009.                                  
For further information please contact David Woollam (Managing Director) on     
011 256 9234 or Nga Kugotsi (African Bank Treasurer) on 011 256 9242.           
Midrand                                                                         
6 May 2009                                                                      
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 06/05/2009 15:45:01 Supplied by www.sharenet.co.za                     
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