AFRICAN BANK INVESTMENTS LIMITED - Further cautionary announcement

Further cautionary announcement

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
In Curatorship
("African Bank" and the "Bank")

Further cautionary announcement and continued suspension of all debt securities of
the Bank and equity securities of ABIL and update on timing of release of results for
financial year to 30 September 2014

1.   Further to the cautionary announcements released on the Stock Exchange News Service on 7 July
     2014, 11 August 2014 and 22 September 2014, investors are advised that the curatorship of the
     Bank and the restructuring initiatives in respect of ABIL remain ongoing. During this time,
     trading in both the debt securities of the Bank and the equity securities of ABIL will remain
     suspended. Investors are therefore advised to continue to exercise caution when dealing in the
     debt securities of the Bank and the equity securities of ABIL until a detailed announcement is
     made.

2. Investors are referred to the SENS announcement of 26 September 2014, entitled "Update on the
   restructuring of African Bank and its engagement with stakeholders".

3. The curatorship of African Bank with effect from 10 August 2014, and the placement of Ellerine
   Furnishers Proprietary Limited and Ellerine Holdings Limited into business rescue with effect
   from 7 August and 22 August 2014, respectively, has resulted in these entities being
   deconsolidated with effect from the aforementioned dates. This has resulted in some accounting
   and audit complexities that will take some time to resolve and therefore the announcement of the
   annual results is expected to be delayed. Progress updates will be issued once more certainty is
   achieved around the timing of the release of the final results for the financial year to 30 September
   2014.


On behalf of the Board of ABIL and the Curator of the Bank

4 November 2014

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


Footnote : T Winterboer was appointed as curator of African Bank Limited on 10 August 2014 by
the Minister of Finance of the Republic of South Africa and pursuant to the Banks Act No. 94 of 1990
(as amended) to manage the affairs of African Bank Limited subject to the supervision of the
Registrar. Please note that Mr Winterboer acts in the aforesaid capacity.

Date: 04/11/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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