AFRICAN BANK LIMITED - Interest Rate Reset - ABL16

Interest Rate Reset - ABL16

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Company code: BIABL
ISIN: ZAG000104183
(“African Bank”)


INTEREST RATE RESET ANNOUNCEMENT

ABL16     7.140% p.a. (1.990% over 3 month Jibar of 5.150%) for the
          period 25 June 2013 to 24 September 2013, payable on
          25 September 2013(Following*)
          Next Reset: 25 September 2013

JIBAR rates as at 25 June 2013: 3 Month 5.150%

*When the Interest Payment Date falls on a non business day, one of
the following Date Conventions will be applied, as specified for
each individual bond:

1. Following – This means that the interest will be paid on the
first business day after the weekend or public holiday.

2. Modified Following – This means that the interest will be paid on
the first business day after the weekend or public holiday. However,
if the first business day after the weekend or public holiday falls
in a new calendar month the last business day before the weekend /
public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
business day before the weekend or public holiday.


Midrand

25 June 2013

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

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