AFRICAN BANK INVESTMENTS LIMITED - Suspension of interest and principal payments on African Bank senior unsecured debt

Suspension of interest and principal payments on African Bank senior unsecured debt

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")

Suspension of interest and principal payments on African Bank senior unsecured debt, excluding
retail deposits and sundry creditors

Following on from the placing of African Bank Limited in curatorship with effect from 16:00, 10 August 2014,
the curator of African Bank would like to make the following statement, which serves to clarify earlier
statements made by the South African Reserve Bank and the Company.

Retail depositors will receive payment of interest and principal at contractual due dates.

Trade creditors arising in the ordinary course of business prior to and during the curatorship will be settled as
usual.

Senior unsecured debt holders (wholesale depositors, bond holders, holders of physical or dematerialised
debt instruments, wholesale bank deposits, and any other classes of senior unsecured debt) will not receive
payment of interest or principal for the duration of the curatorship. The rights of such senior unsecured debt
holders, including for the avoidance of doubt interest accruals, will remain intact, and the affected parties will
be contacted as part of the discussions on the restructuring of African Bank in due course.

We refer you to the statement presented by the South African Reserve Bank on 10 August 2014, the content
of which was announced on SENS on 11 August 2014.


On behalf of the Board

Midrand
14 August 2014

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

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