AFRICAN BANK INVESTMENTS LIMITED - Notice of application for business rescue of Ellerine Furnishers Proprietary Limited and cautionary update

Notice of application for business rescue of Ellerine Furnishers Proprietary Limited and cautionary update

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" 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")

Notice of application for business rescue of Ellerine Furnishers Proprietary Limited ("EF"), a wholly
owned subsidiary of Ellerine Holdings Limited ("EHL") which in turn is a wholly owned subsidiary of ABIL
and update of cautionary announcement

As indicated in the SENS announcement dated 6 August 2014, ABIL indicated that the Retail furniture
business continues to trade at a loss which requires working capital funding from ABIL and African Bank. As
a consequence of the financial performance of EF a decision has been taken that no further funding would
be provided by ABIL or African Bank to EF or EHL.

As a result of the above decision, the Board of EF advised ABIL that it has commenced with voluntary
business rescue proceedings as provided for by Section 129 of the Companies Act, No 71 of 2008, as
amended.

Accordingly, shareholders and investors are advised to continue exercising caution when dealing in the
Company's securities until further information is provided.

On behalf of the Board

Midrand
7 August 2014

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

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