AFRICAN BANK LIMITED - ABLI ABKI Update on the Transaction with Eskom Soc Limited

ABLI ABKI Update on the Transaction with Eskom Soc Limited

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
(the "Bank" or "African Bank")

AFRICAN BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No.: 2014/176855/06)
Company code: ABLI
LEI: 254900UUEMIK0XL5A056
("ABHL" or the "Group")

Update on transaction with Eskom SOC Limited ("Eskom") to buy the staff home loan
book from Eskom Finance Company SOC Limited and an interest in Nqaba Finance 1 (RF)
Limited ("Nqaba")

Shareholders and Noteholders are referred to the announcement released on SENS on
5 December 2024 wherein African Bank informed the market that it had entered into a
binding offer to acquire the staff home loan book and assets housed in Eskom and interest
in Nqaba.

African Bank advises that following the conclusion of various agreements the parties will
now proceed to make applications to obtain the applicable regulatory approvals and final
Board approvals.

African Bank will keep stakeholders informed with regards to the conclusion of the
transaction.


10 July 2025

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 10-07-2025 05:28:00
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