BIABL - African Bank Limited - Listing of New Financial Instrument

BIABL - African Bank Limited - Listing of New Financial Instrument              
African Bank Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1975/002526/06)                                               
Company code: BIABL                                                             
("African Bank")                                                                
LISTING OF NEW FINANCIAL INSTRUMENT                                             
The JSE Limited has granted African Bank the listing of its ABLS4 Subordinated  
Unsecured Floating Rate Notes, in terms of its ZAR25 billion Domestic Medium    
Term Note Programme dated 19 May 2011.                                          
INSTRUMENT TYPE:             Floating Rate Notes                                
Total Notes in Issue:        11,774,000,000.00 excluding this                   
                            issuance of Notes                                   
Instrument Code:             ABLS4                                              
Nominal Issued:              R300,000,000.00                                    
Issue Price:                 100%                                               
Interest Rate:               10.100% (3 month Jibar as at 26 March              
                            2012 of 5.600% + 450bps)                            
Coupon Rate Indicator:       Floating rate                                      
Issue Date:                  29 March 2012                                      
Interest Commencement Date:  29 March 2012                                      
Maturity Date:               29 March 2019                                      
Last day to Register:        By 17h00 on 17 June, 17 September, 17              
December and 17 March of each year until            

                            the Maturity Date                                   
Books Close:                 18 June, 18 September, 18 December and             
                            18 March of each year occurring after 29            
March 2012 until the Maturity Date                  

Interest Payment Dates:      29 June, 29 September, 29 December and             
                            29 March of each year until the Maturity            
                            Date                                                
Interest Determination Date: The first Interest Determination Date              
                            shall be 26 March 2012 and thereafter 29            
                            June, 29 September, 29 December and 29              
                            March of each year until the Maturity               
Date                                                

ISIN:                        ZAG000094244                                       
Business Day Convention:     Following business day                             
The Notes will be immobilised in the Central Depository ("CSD") and settlement  
will take place electronically in terms of JSE Rules.                           
29 March 2012                                                                   
Debt Sponsor                                                                    
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Date: 29/03/2012 14:15:02 Supplied by www.sharenet.co.za                     
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