Notice of meeting of ABLS4 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 ABLS4 NOTEHOLDERS Notice is hereby given that a meeting of the noteholders of the ABLS4 Notes issued under African Banks ZAR25,000,000,000 Domestic Medium Term Note programme dated 19 May 2011, as supplemented, (the DMTN programme) will be held at 10h15 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 ABLS4 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 ABLS4 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. At the same time the Issuer proposes to remove its right to redeem the ABLS4 Notes for Regulatory Reasons. Notice The complete Notice has been delivered to Strate Limited and the JSE Limited in accordance with Condition 16 (Notices) and Condition 17 (Meeting of Noteholders, Modification and Waiver) of the Terms and Conditions of the Issuers DMTN programme Memorandum dated 19 May 2011 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'). 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.