Proposed Change of Name 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”) PROPOSED CHANGE OF NAME Shareholders are referred to the announcement released on SENS on 8 August 2016 wherein they were advised that the Notice of Annual General Meeting (“Notice”) of the Company had been distributed. The resolutions set out in the Notice include, inter alia, the proposed change of name of the Company to ‘African Phoenix Investments Limited’ and consequential amendments to the Company’s Memorandum of Incorporation. The proposed change of name is as a result of the cancellation of the registration of ABIL as a controlling company in the Republic of South Africa subsequent to the cancellation of the registration of a bank in terms of section 27 of the Banks Act, 1990 (Act 94 of 1990) of ABIL’s wholly-owned subsidiary, Residual Debt Services Limited (formerly African Bank Limited), by the office of the Registrar of Banks. Accordingly, the Company is required to remove the word “bank” or any derivative thereof from its business name or description pursuant to the cancellation of its registration as a controlling company. The salient dates and times for the Annual General Meeting and the proposed change of name are set out below. 2016 Record date to receive Notice of Annual General Meeting Friday, 29 July Notice of Annual General Meeting to be distributed to shareholders on Monday, 8 August Last day to trade to be recorded in the register on the record date for participation in the Annual General Meeting Tuesday, 23 August Record date to participate in and vote at the Annual General Meeting Friday, 26 August Last day for lodging forms of proxy at 10:00 on Friday, 2 September Annual General Meeting at 10:00 on Tuesday, 6 September Results of Annual General Meeting released on SENS on Tuesday, 6 September Results of Annual General Meeting regarding change of name published in the press on Wednesday, 7 September Special resolution in respect of the proposed change of name expected to be registered by CIPC by no later than Tuesday, 20 September Finalisation date in respect of the proposed change of name of the Company on or about Friday, 23 September Last day to trade in ABIL shares in respect of the proposed change of name of the Company Tuesday, 4 October Listing of and trading in new ordinary and preference shares on the JSE under JSE code AXL and ISIN: ZAE000221370, and AXLP and ISIN: ZAE000221388, respectively, from commencement of business on or about Wednesday, 5 October Record Date Friday, 7 October Date of issue of new replacement share certificates provided that the old share certificates have been lodged by 12:00 on the Record Date (share certificates received after this time will be posted within five business days of receipt) on or about Monday, 10 October Dematerialised shareholders will have their accounts at their CSDP or broker updated on Monday, 10 October Notes: 1. All references to times set out in the table above are to South African local times unless otherwise stated. The above dates and times are subject to change. Updates will be released on SENS and published in the South African press. 2. Shareholders will not be able to dematerialise or rematerialise securities in the name of ABIL from Wednesday, 5 October 2016. 3. Share certificates and surrender forms received after 12:00 on the Record Date will have their replacement certificates posted within five Business Days of receipt of surrender forms. Johannesburg 18 August 2016 Sponsor Merchantec Capital Date: 18/08/2016 04:50:00 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.