Unsolicited offer for ABIL preference shares (ABLP) by Deep Value Investments Proprietary Limited 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") Unsolicited offer for ABIL preference shares (ABLP) by Deep Value Investments Proprietary Limited 1. The Board of ABIL has been made aware of an unsolicited offer made to selected ABIL preference shareholders by the above company. 2. The Board of ABIL would like to confirm that this offer does not in any way relate to the resolution plan referred to in the Press Release, related to African Bank Limited, issued by SARB on 10 August 2014, and referred to in the SENS announcement issued on 11 August 2014, or any further announcements related to this. 3. The Board of ABIL would like to confirm that the entity making the offer is in no way authorised by or instructed to act on behalf of ABIL. 4. Should shareholders receive any communication or offer in relation to ABIL securities and they are in any doubt as to whether it is related to the resolution plan, they are invited to contact ABIL investor relations on investor.relations@africanbank.co.za. On behalf of the Board of ABIL 27 November 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/11/2014 08:00:00 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.