ABJ02 - Listing of New Financial Instrument AFRICAN BANK LIMITED (Incorporated in the Republic of South Africa) (Registered Bank) (Registration No. 2014/176899/06) Company code: ABKI Bond code: ABJ02 ISIN: ZAG000175241 (“African Bank” or the “Bank”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted African Bank the listing of its ZAR282,000,000 Senior Unsecured Floating Rate Notes due 31 March 2024 (ABJ02) under its ZAR25,000,000,000 Domestic Medium Term Note Programme as documented in the Restated Programme Memorandum dated 13 March 2019 (the “Programme”), effective 31 March 2021. Debt Security Code: ABJ02 ISIN: ZAG000175241 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR282,000,000 Issue Date: 31 March 2021 Issue Price: 100% Coupon Rate: 3 month JIBAR plus 294 basis points Interest Commencement Date: 31 March 2021 Interest Determination Date(s): 30 June, 30 September, 31 December and 31 March in each year up to and including the Maturity Date; with the first Interest Rate Determination Date being 26 March 2021 First Interest Payment Date: 30 June 2021 Interest Payment Date(s): 30 June, 30 September, 31 December and 31 March of each year until the Maturity Date Last Day to Register: By 17h00 on 19 June, 19 September, 20 December and 20 March of each year until the Maturity Date Books Close: 20 June to 29 June, 20 September to 29 September, 21 December to 30 December and 21 March to 30 March of each year until the Maturity Date Business Day Convention: Modified Following Business Day Maturity Date: 31 March 2024 Final Maturity Amount: 100% of the Nominal Amount Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Programme Amount: ZAR25,000,000,000 Total Notes in Issue Under Programme: As at the Issue Date (but excluding the Notes issued under this Applicable Pricing Supplement or Notes redeemed on the Issue Date, if any,), the Issuer has issued Notes in the aggregate total Nominal Amount of ZAR4 894 800 000 under the Programme Memorandum dated 22 March 2016 and under the Programme Memorandum dated 13 March 2019. Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division 30 March 2021 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30-03-2021 11:17:00 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.