ABL/ABLP - African Bank Investments Limited - Clarification statement regarding

ABL/ABLP - African Bank Investments Limited - Clarification statement regarding 
the impact of withholding tax                                                   
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                                  
("ABIL")                                                                        
CLARIFICATION STATEMENT REGARDING THE IMPACT OF WITHHOLDING TAX                 
We refer to the recent budget speech by the Minister of Finance, Mr Pravin      
Gordhan, and the announcement of the implementation in April 2012 of the        
withholding tax on dividends. ABIL wishes to confirm that its articles of       
association were amended in March 2010 to ensure that dividends payable to      
preference shareholders will be increased ("grossed-up") after the dividend tax 
law change becomes effective. This increase will be equal to the entire         
secondary taxation on companies ("STC") saving that the company receives per    
preference share as a result of the dividend tax law change becoming effective. 
Midrand                                                                         
14 March 2011                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/03/2011 11:39:01 Supplied by www.sharenet.co.za                     
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.