Release of the full year Basel III Pillar 3 Report as at 30 September 2019, as prescribed by the Banks Act AFRICAN BANK LIMITED (Incorporated in the Republic of South Africa) (Registered Bank) (Registration No. 2014/176899/06) Company code: ABKI (“the Bank” or “African Bank”) RELEASE OF THE FULL YEAR BASEL III PILLAR 3 REPORT AS AT 30 SEPTEMBER 2019, AS PRESCRIBED BY THE BANKS ACT African Bank is pleased to announce the release of the full year Public Pillar III Disclosures, as at 30 September 2019, as prescribed in terms of the Banks Act (Act No. 94 of 1990) (“the Banks Act”), Regulation 43. The disclosures cover African Bank and its holding company African Bank Holdings Limited, a registered bank controlling company registered under Section 44(1) of the Banks Act. The full report can be accessed on African Bank’s website via the following url: https://www.africanbank.co.za under the “Investors/Financial reporting” section of the website. The overall balance sheet of the Bank remains strong, with advances well provided for and high capital adequacy ratios. Cash and surplus liquid asset holdings amount to R5.6 billion. Liquidity risk, interest rate risk and foreign exchange risk remain conservatively managed. The overall impact of the strong balance sheet structure, as expressed in the conservative risk appetite, is evidenced in the various sections of the report which, as of 30 September 2019, include a Core Equity Tier 1 ratio of 31.8%, a leverage ratio of 26.2 %, a liquidity coverage ratio of 511% and a net stable funding ratio of 135% at the African Bank level. 06 December 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Think Precinct, 1 Merchant Place Cnr Fredman Drive & Rivonia Road Sandton 2196, South Africa P O Box 786273, Sandton, 2146, South Africa Date: 06-12-2019 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.