ABL/ABLP - African Bank Investments Limited - Adjournment of special class

ABL/ABLP - African Bank Investments Limited - Adjournment of special class      
meeting                                                                         
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" or the Company")                                                        
ADJOURNMENT OF SPECIAL CLASS MEETING                                            
With reference to the special class meeting ("the meeting") of the preference   
shareholders of the Company held at 10h30, on 23 March 2011, at the head        
office of ABIL, 59 16th Road, Halfway House, Midrand, shareholders are          
advised that the meeting was adjourned due to no quorum being present and       
will instead be held on the 30th March 2011 at 10h30 at the head office of      
ABIL, 59 16th Road, Midrand.                                                    
The following business was put before the meeting at the time of the            
adjournment:                                                                    
A resolution to amend Articles 38 and 39 of the Articles of Association of      
ABIL relating to the non-redeemable non-cumulative non-participating            
preference shares:                                                              
(a) Amendments to Articles 38.4.2 and 39.1 are necessary for practical          
purposes to align the dividend periods applicable to any new issue of           
preference shares with those already in issue so as to ensure that it is        
possible for new issues of preference shares to form part of the same class     
of preference shares as the class of preference shares already in issue;        
(b) The amendments will enable any new preference shares in a class of          
preference shares issued by the Company to carry the same rights to dividends   
as are carried by existing preference shares of such class irrespective of      
the date of issue of such new preference shares.                                
Midrand                                                                         
23 March 2011                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 23/03/2011 14:55:01 Supplied by www.sharenet.co.za                     
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