AFRICAN BANK LIMITED - ABL12B - African Bank Limited (in Curatorship) maturing bond

ABL12B - African Bank Limited (in Curatorship) maturing bond

AFRICAN BANK LIMITED (in Curatorship)
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank” or “the Bank” or “ABL”))


African Bank Limited (in Curatorship) maturing bond

According to the original terms under which the bond was issued in terms of African Bank's
Domestic Medium Term Note programme, the following ABL bond is due to mature on 9 March
2015, due to 8 March 2015 falling on a non-business day, in accordance with the date convention
being the following business day:

      Instrument              ISIN number              Outstanding Nominal      Maturity Date
                                                       Amount
      ABL12B                  ZAG000084500             1,000,000,000            2015/03/09

Interested parties are referred to the Stock Exchange News Service (“SENS”) announcement
released by the Bank on 14 August 2014, relating to the suspension of interest and principal
payments on African Bank senior unsecured debt, excluding retail deposits and sundry creditors,
as a result of the curatorship of the Bank. Accordingly, repayment of both interest and capital on
the above listed bond will not take place on the relevant maturity dates.

Interested parties are referred to the subsequent SENS announcements released on 26
September 2014, 10 December 2014 and 3 March 2015, which provided further information
regarding the intended restructuring proposal of the Bank.

As noted in the SENS notice dated 3 March 2015, the Curator intends to release an Information
Memorandum which is expected to detail the intended restructuring approach of the Bank and the
impact of this on the bonds referred to above.


On behalf of the Curator of African Bank Limited

Midrand
6 March 2015

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 of Banks. Please note that Mr Winterboer acts in the aforesaid capacity.




                                                   

Date: 06/03/2015 01:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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