Settlement Agreement between ABIL and its Empowerment Shareholders 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”) SETTLEMENT AGREEMENT BETWEEN ABIL AND ITS EMPOWERMENT SHAREHOLDERS Shareholders are advised that, in terms of a settlement agreement concluded on 12 July 2016 between ABIL and its empowerment shareholder, Eyomhlaba Investment Holdings (RF) Limited (“in Business rescue”) (“Eyomhlaba”), the BEE Company has pursuant to its business rescue plan returned to ABIL 48 176 160 (forty eight million one hundred and seventy six thousand one hundred and sixty) ABIL ordinary shares representing 3,21% of the issued ordinary share capital of ABIL. Shareholders are advised that, in terms of a settlement agreement concluded on 12 July 2016 between ABIL and its empowerment shareholder, Hlumisa Investment Holdings (RF) Limited (“in Business rescue”) (“Hlumisa”), the BEE Company has pursuant to its business rescue plan returned to ABIL 25 911 800 (twenty five million nine hundred and eleven thousand eight hundred) ABIL ordinary shares representing 1,73% of the issued ordinary share capital of ABIL. The aforementioned agreements constitute a full and final settlement of all disputes and claims of whatsoever nature between ABIL on the one hand and Eyomhlaba and Hlumisa on the other. The ordinary shares which have been returned by the BEE Companies to ABIL will be cancelled. By order of the board. 25 July 2016 Sponsor Merchantec Capital Date: 25/07/2016 12:51:00 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.