AFRICAN BANK LIMITED - Interest Rate Reset ABL11B ABLS3 ABLS4 ABLS5

Interest Rate Reset ABL11B ABLS3 ABLS4 ABLS5

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


INTEREST RATE RESET ANNOUNCEMENT

ABL11B    7.625% p.a. (250bps over 3 month Jibar of 5.125%) for the
          period 31 December 2012 to 01 April 2013, payable on
          02 April 2013 (Following*)
          Next reset: 02 April 2013

ABLS5     10.115% p.a. (499bps over 3 month Jibar of 5.125%) for the
          period 31 December 2012 to 27 March 2013, payable on
          28 March 2013 (Modified Following*)
          Next reset: 28 March 2013

ABLS4     9.625% p.a. (450bps over 3 month Jibar of 5.125%) for the
          period 31 December 2012 to 01 April 2013, payable on
          02 April 2013 (Following*)
          Next reset: 02 April 2013

ABLS3     9.125% p.a. (400bps over 3 month Jibar of 5.125%) for the
          period 31 December 2012 to 01 April 2013, payable on
          02 April 2013 (Following*)
          Next reset: 02 April 2013

JIBAR rates as at 31 December 2012: 3 Month 5.125%

*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.
Midrand

03 January 2013

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

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