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    7.633% p.a. (250bps over 3 month Jibar of 133%) for the
          period 30 September 2013 to 29 December 2013, payable on
          30 December 2013 (Following*)
          Next reset: 30 December 2013
ABLS4     9.633% p.a. (450bps over 3 month Jibar of 5.133%) for the
          period 30 September 2013 to 29 December 2013, payable on
          30 December 2013 (Following*)
          Next reset: 30 December 2013
ABLS5     10.123% p.a. (499bps over 3 month Jibar of 5.133%) for the
          period 30 September 2013 to 29 December 2013, payable on
          30 December 2013 (Modified Following*)
          Next reset: 30 December 2013
ABLS3     9.133% p.a. (400bps over 3 month Jibar of 5.133%) for the
          period 30 September 2013 to 30 December 2013, payable on
          31 December 2013 (Following*)
          Next reset: 31 December 2013


JIBAR rates as at 30 September 2013: 3 Month 5.133%

*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
30 September 2013

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

Date: 30/09/2013 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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