African Bank Limited -Publication of Updated Programme Memorandum African Bank Limited (Incorporated in the Republic of South Africa) (Registered bank) (Registration number 1975/002526/06) Company code: BIABL (“African Bank” or the “Company”) PUBLICATION OF UPDATED PROGRAMME MEMORANDUM African Bank has updated its programme memorandum relating to its ZAR25 billion domestic medium term note (DMTN) programme. Notes issued after 30 May 2014 under the African Bank’s DMTN programme will be subject to the 2014 updated programme memorandum. The 2001 programme memorandum, as supplemented from time to time, the 2011 updated programme memorandum, the 2012 updated programme memorandum and the 2013 updated programme memorandum will continue to apply to the extent to which they previously applied to notes issued prior to 30 May 2014. The 2001 programme memorandum, its update supplements, the 2011 updated programme memorandum, the 2012 updated programme memorandum, the 2013 updated programme memorandum and the 2014 updated programme memorandum are available for inspection at the registered office of African Bank Limited and can also be accessed on the website at www.abil.co.za. The 2014 updated programme memorandum will also be available for inspection on the JSE website www.jse.co.za. 2 June 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 02/06/2014 05:00:00 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.