AFRICAN BANK INVESTMENTS LIMITED - Settlement Of Probe By National Credit Regulator

Settlement Of Probe By National Credit Regulator

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
(“ABIL” or “the group”)

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)

SETTLEMENT OF PROBE BY NATIONAL CREDIT REGULATOR

Shareholders are referred to a SENS notice issued on 8 February 2013, entitled “Probe by
the National Credit Regulator” and the corresponding notice issued by the National Credit
Regulator (NCR) where it was stated that the NCR had referred two cases of alleged
reckless lending by African Bank to the National Consumer Tribunal (NCT). A copy of the
NCR notice can be accessed on our website under www.abil.co.za.

The NCR and African Bank have, through a process of mutual cooperation, resolved these
matters to the mutual satisfaction of both parties. African Bank has agreed to pay a
settlement amount of R20 million to the National Revenue Fund in full and final settlement.
These matters have been withdrawn from the NCT with immediate effect. The financial
impacts of these matters, except for the settlement amount of R20 million were fully
incorporated in the earnings guidance given in the Trading Statement on Results to 31
August 2013, released on SENS on 18 September 2013.

ABIL endorses and supports the processes initiated by the NCR and all other regulators, and
will continue to participate and play an active role to ensure that the credit industry further
develops in a responsible and effective manner.

ABIL is currently in a closed period prior to the release of full year results for the year ended
30 September 2013. Specific queries in this regard and any other aspects of the business
can only be dealt with after the end of the closed period, as is the normal practice.

Midrand
03 OCTOBER 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 03/10/2013 02:53:00 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.