FGL - Finbond Group Limited - Consent from the South African Reserve Bank to

FGL - Finbond Group Limited - Consent from the South African Reserve Bank to    
establish and register a Mutual Bank namely Finbond Mutual Bank                 
Finbond Group Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2001/015761/06)                                           
Share code: FGL                                                                 
ISIN: ZAE000138095                                                              
("Finbond" or "the Company")                                                    
CONSENT FROM THE SOUTH AFRICAN RESERVE BANK TO ESTABLISH AND REGISTER A         
MUTUAL BANK NAMELY FINBOND MUTUAL BANK                                          
The directors of Finbond are pleased to announce that following the             
Company`s application to the South African Reserve Bank on 11 November 2010,    
to establish and register a Mutual Bank in terms of the Mutual Banks Act 124    
of 1993 in order to provide clients with a full range of low cost banking       
services, Finbond received formal consent from the Registrar of Banks on 21     
May 2012, in terms of section 11(1) and section 13(1) of the Mutual Banks       
Act, to establish and register a mutual bank, namely Finbond Mutual Bank, in    
the Republic of South Africa .                                                  
Finbond shareholders will be provided with further information in this          
regard in due course.                                                           
Johannesburg                                                                    
22 May 2012                                                                     
Designated Advisor                                                              
Grindrod Bank Limited                                                           
Date: 22/05/2012 15:59:01 Supplied by www.sharenet.co.za                     
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