AFRICAN BANK INVESTMENTS LIMITED - Changes to the board of directors

Changes to the board of directors

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” or “the company”)

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

CHANGES TO THE BOARD OF DIRECTORS
In compliance with the JSE Limited Listings Requirements, the ABIL Board advises shareholders of the
following changes to the Board:

ANTONIO (TONI) FOURIE, EXECUTIVE DIRECTOR OF ABIL AND AFRICAN BANK AND CHIEF
EXECUTIVE OFFICER (“CEO”) OF ELLERINE HOLDINGS LIMITED (“EHL”)
Shareholders are advised that Toni has resigned as CEO of EHL with effect from 6 February 2014. In
January 2013, Toni indicated that he would like to step down from his role as CEO of EHL by the end of the
year, after overseeing the significant transformation of EHL over the previous four years.

Toni subsequently served his notice in early November 2013, indicating his intention to leave the group,
subject to further discussions. These discussions have concluded and Toni has confirmed his decision to
resign.

Furthermore, in terms of the company’s memorandum of incorporation, Toni retires by rotation as an
executive director of ABIL and African Bank with effect from 6 February 2014 and given his resignation will
not make himself available for re-election at the annual general meeting (“AGM”) scheduled for that date.

An announcement will be made within the next month with regard to the appointment of the new CEO of
EHL.

The boards of ABIL and African Bank (“Boards”) express their appreciation and thanks to Toni for his valued
contribution, passion and commitment to the operations of both African Bank and EHL since his appointment
in 2003, and wish him well for the future.

THAMSANQUA (TAMI) SOKUTU, EXECUTIVE DIRECTOR OF ABIL AND AFRICAN BANK
Tami has been and remains on an extended leave of absence since September 2013 due to health reasons
and is making a steady recovery. Tami retires by rotation as an executive director of the ABIL and African
Bank boards with effect from 6 February 2014. Tami has indicated his intention to step down and leave the
group so as to focus on his well being and accordingly will not make himself available for re-election at the
AGM.

The Boards thank Tami for his valued contribution as a member of the Boards over the last ten years and the
pivotal role he had in the evolution of this industry. The Boards wish him a speedy recovery.

Queries to: Markus Borner, 011 564 7495

Midrand
16 January 2014

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

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