AFRICAN BANK INVESTMENTS LIMITED - African Bank issues CHF175 million (Swiss francs) senior unsecured bonds

African Bank issues CHF175 million (Swiss francs) senior unsecured bonds

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

and

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

AFRICAN BANK ISSUES CHF175 MILLION (SWISS FRANCS) SENIOR UNSECURED
BONDS

African Bank (a wholly-owned subsidiary of ABIL) is pleased to
announce that it has successfully issued a four and a half year,
fixed rate senior unsecured Swiss bond of CHF175 million,
equivalent to ZAR2.170 billion. This is the fourth CHF bond issued
by African Bank since its Swiss bond debut in July 2012.

The bond (ISIN CH0236907868) will be listed on the SIX Swiss
Exchange under African Bank’s existing USD6 billion Euro Medium
Term Note (‘EMTN’) Programme. This bond is part of African Bank’s
normal fundraising activity in the market and, as with the
previous three such issues, is designated for general corporate
purposes. The bond is due to mature on 28 August 2018 and will pay
an annual fixed coupon of 5.0%.

Gavin Jones, Executive: Funding and Liability Management,
commented on the issuance, “We are once again extremely pleased
with the very strong support from our Swiss investor base. This is
both the largest and longest bond that we have placed in the Swiss
market. It is six months longer in duration and the coupon is 50
basis points lower than the previous Swiss bond issued in October
2013, which is a positive sign of growing confidence in our
business.”

African Bank has executed a CHF/ZAR cross currency hedge, swapping
all Swiss Franc coupon and principal flows into ZAR.

For further information please contact Gavin Jones on +27 11 564
6868 or Markus Borner on +27 11 564 7495.

Midrand
12 February 2014

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

Joint bookrunners and arrangers
CREDIT SUISSE AG and UBS AG

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