Successful Implementation and Termination of Business Rescue Proceedings AFRICAN BANK INVESTMENTS LIMITED Incorporated in the Republic of South Africa (Registration number: 1946/021193/06) Ordinary share code: ABL ISIN: ZAE000030060 Hybrid instrument code: ABLP ISIN: ZAE000065215 (“ABIL” or “the Company”) SUCCESSFUL IMPLEMENTATION AND TERMINATION OF BUSINESS RESCUE PROCEEDINGS Shareholders are referred to the announcements released on SENS on 19 November 2015, 29 February 2016, 14 March 2016, 12 April 2016 and 18 April 2016 (using the terms defined therein unless otherwise stated) wherein shareholders were advised, inter alia, that at the meeting of creditors of ABIL held on 18 April 2016, the Business Rescue Plan, as amended, had been approved by the requisite majority of creditors. The board of directors of ABIL (“board”) wishes to advise shareholders that the adopted Business Rescue Plan, as approved by creditors, has been successfully implemented and as such, the business rescue proceedings of ABIL have ended. As ABIL is no longer distressed the Company can continue to operate as a going concern. Notwithstanding the completion of the business rescue proceedings, the former Business Rescue Practitioners, Messrs Dawie van der Merwe and John Evans (“former BRPs”) will continue to assist the board in the management and safeguarding of the assets of the Company, until a new board is constituted at the next Annual General Meeting (“AGM”). The Board has further mandated the former BRPs to assist it in convening an AGM at the earliest possible date. By order of the board. Midrand 25 May 2016 Sponsor Merchantec Capital Date: 25/05/2016 03:05:00 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.