AFRICAN BANK LIMITED - Notice of meeting of ABLS3 noteholders

Notice of meeting of ABLS3 noteholders

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(African Bank or the Issuer)


NOTICE OF MEETING OF ABLS3 NOTEHOLDERS

Notice is hereby given that a meeting of the noteholders of the ABLS3 Notes issued under African Banks ZAR15,000,000,000 Domestic Medium Term Note programme dated 10 September 2001, as supplemented, (the DMTN programme) will be held at 10h00 on Wednesday, 12 December 2012, at the registered office of the Issuer, situated at 59, 16th Road, Halfway House Midrand. 

Purpose of the meeting
The purpose of the meeting is to consider, and, if deemed fit, pass, with or without modification, the Extraordinary Resolution for the amendment of the ABLS3 Pricing Supplement to record the Basel III requirement contained in Regulation 38(14)(a)(v) of the South African Reserve Banks Bank Supervision Departments proposed amended Regulations relating to Banks. The proposed amendments to the ABLS3 Pricing Supplement in substance introduce language to the effect that investors in such Notes shall not have any right to accelerate the repayment of future scheduled payments, such as coupon or principal, except in the case of bankruptcy and/or liquidation.


Notice
The complete Notice has been delivered to Strate Limited and the JSE Limited in accordance with Condition 14 (Notices) and Condition 15 (Meeting of Noteholders, Modification and Waiver) of the Terms and Conditions of the Issuers DMTN programme Memorandum dated 10 September 2001 as supplemented from time to time.



For further information please contact Gavin Jones on +27 11 564 6868

Midrand
19 November 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 19/11/2012 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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