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ABL/ABLP/BIABL - African Bank Investments / African Bank - Results of private placement of a further tranche of preference shares 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") African Bank Limited (Incorporated in the Republic of South Africa) (Registration No. 1975/002526/06) Issuer bond code: BIABL RESULTS OF PRIVATE PLACEMENT OF A FURTHER TRANCHE OF PREFERENCE SHARES ("PRIVATE PLACEMENT") Shareholders are referred to the announcement on 9 March 2012 regarding the private placement of ABIL perpetual, non-cumulative, non-participating preference shares. Following a book building process jointly run by Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays) and Investec Capital Markets (a division of Investec Bank Limited), 5,480,778 preference shares have been placed with selected investors. In aggregate, R426,020,873.94 in cash was raised at an issue price per preference share of R77.73, including accrued dividends. The additional preference shares, which will rank pari passu with the preference shares already in issue, will be issued and listed on the JSE, from commencement of business on Friday, 23 March 2012. The capital raised through the issue, after deduction of costs and accrued dividends, will be applied towards the subscription by ABIL of ordinary shares in its wholly owned subsidiary, African Bank Limited. Enquiries may be directed to: ABIL Markus Borner Executive: Balance Sheet Management (011) 564 7495 Gavin Jones Executive: Capital and Liability Management (011) 564 6868 Midrand 19 March 2012 Arranger, Transaction Sponsor and Joint BookrunnerAbsa Capital(the investment banking division of Absa Bank Limited and affiliated with Barclays) Joint Bookrunner Investec Capital Markets(a division of Investec Bank Limited) Legal advisor to ABIL Prinsloo, Tindle & Andropoulos Inc Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited Date: 19/03/2012 13:36:02 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.
