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Since 2002, the market in which ABIL operates has grown steadily and has enjoyed a period of sustained buoyancy. South African consumers, especially those within the formally employed, middle to lower income groups, have enjoyed the fruits of a growing economy and the early benefits of the transformation process taking place within our economy. The ABIL group has gained from this tailwind, and this, together with a number of strategic initiatives have ensured that the group has met all of its financial objectives, and delivered a steady growth in shareholder value over the last four years. business internet marketing

During the same period, the government embarked on a process to address the regulatory regime governing the credit market and the imbalances that had embedded themselves as a result of the disparate nature of the existing laws. internet marketing strategic

At the heart of these debates was the attempt to find the right balance between: internet marketing seo

• Promoting a regime that would unlock greater access to credit to South African consumers whilst on the other hand, protecting those same consumers from being exploited by credit providers and/or suffering financial damage as a result of taking on more credit than they could reasonably afford. In particular, mechanisms have been put in place to ensure high levels of transparency and disclosure as well as to sanction credit providers who are found to be reckless in their lending practices. ebook internet marketing

• Protecting the rights of credit providers against clients who default on their debt obligations and on the other hand, addressing the negative impact on society resulting from a large number of defaulting clients who are effectively closed out of the credit system. In particular, mechanisms are being developed to try and promote the voluntary rehabilitation of clients in financial difficulty, rather than merely resorting to the legal system and blacklisting clients on credit bureaus. business home internet

ABIL is appreciative of the extensive process of consultation undertaken by the Department of Trade and Industry and government, and the fact that it has been able to play an active role in this regard. internet marketing site web

The 2006 Financial Year

The regulatory review of the credit market culminated in the promulgation of the National Credit Act (NCA) in May 2006, with most of the substantive provisions due for implementation in July 2007. While there are challenges to be met in implementing the NCA, ABIL is satisfied with the outcome, and believes that the NCA will facilitate the extension of the credit market, better checks and balances and greater competition - all of which are favourable to the consumer. based business home internet

The current financial year also marked an increase in the competitive nature of the credit market. The introduction of the NCA creates regulatory certainty, which together with the potential of attractive returns to be generated from this market, have been fuelling this competitive entry. Over the long-term, this is positive, as it gives the consumer more choice and will grow the overall size of the market. internet marketing web

In the short term, however, this rapid growth is of some concern, as there are some early signs of the credit cycle turning for the worse, as higher risk clients, who are more vulnerable to increasing credit supply, take on more debt. Just as equity bull markets rise and then correct on undiscerning late entrants, ABIL is confident that credit supply dynamics will rebalance over the next 18 months to acceptable levels, as the NCA takes effect. estate internet marketing real

Abil's Future Strategic Focus

Five years ago, ABIL utilised a set of specific strategies to successfully pioneer and grow the unsecured credit market. Today, the business must adapt to a new set of strategies to sustain its leadership role in this market and to take it to a new level of maturity. As the risks become better understood and the market reaches critical mass, the risk discovery pricing, which characterised the early phases, must be driven down. To do this, without impairing the generation of acceptable returns and diverting from our core competence, the business must respond with a: engine internet marketing

• low cost model, in which the benefits of scale for both operating costs and the cost of capital are passed onto clients through driving prices lower. The price-volume elasticity benefit of reducing prices will continue to generate further economies of scale, which in turn will be fed into further price reductions and will contribute to a sustainable growth in the overall credit market; affiliate internet marketing

• unique client value proposition, in which the group obtains a better understanding of its clients' needs and behaviours, in order to deliver higher levels of service and a range of products that matches their needs. Coupled to this, is the need for the group to grow its active client base, which over the last few years has remained fairly static; and consulting internet marketing

• enhanced risk segmentation in order to ensure that the cross-subsidisation inherent in any underwriting model is minimised through differentiated products and pricing. course internet marketing

The above principles form the heart of the group's strategy, formulated during 2005, and reiterated during the current year, and which sets the course for the group's journey for the next five years. Overall, the strategy involves the group driving down prices and growing volumes in those models that have reached critical mass, whilst at the same time opening frontiers for new risk models, in order to continue to grow and develop the credit market. expert from insider internet

The challenge is to remain focused on our core competence of underwriting unsecured credit, and through economies of scale, to drive down the cost of credit to the majority of our present and future clients in a meaningful way and thereby empower millions of South Africans through greater choice. firm internet marketing

Progress On Black Economic Empowerment

In May 2005, we announced our black equity ownership programme, Eyomhlaba, that was designed to place ABIL ordinary share capital in the hands of a broad base of historically disadvantaged South Africans and to increase the initial holding to over 15% over 10 years, of which at least 10% must be unencumbered. The initial capital raising and a subsequent rights-offer were conducted during 2006, through which R87 million in capital was raised from the subscribing shareholders. Eyomhlaba currently has 6 641 shareholders consisting of staff, clients, ABIL shareholders and the general public. As at 30 September 2006, Eyomhlaba held 31 million ABIL shares, being 6, 2% of the group, and representing a significant store of wealth for the benefit of the programme's shareholders. advertising business internet

In terms of employment equity, the group is making steady progress towards its targets, especially in the areas of senior and middle management representation. The group believes, however, that it still has a long way to go and is not satisfied with the pace of transformation to date, and accordingly this will be an area of significant focus during 2007. business computer internet

Progress On Sustainability

Whilst ABIL continues to integrate sustainability more effectively into its activities, the group recognises that there is much yet to be done. This involves moving beyond the identification and measurement stage, to having an embedded process that forms part of the DNA of the organisation and which is effective and measurable. In particular, this is focused at societal issues that do not come naturally to the business, such as combating over-indebtedness and addressing corporate social responsibility and investment. A dedicated sustainability manager and team strive to continuously identify and address areas where progress is lagging. Our approach, progress and challenges are detailed in the annual report. center internet marketing

Changes To The Board

ABIL announced on 16 February 2006 that the following directors had resigned from the board: Bhekisisa Shongwe, Steven Levitt, Jacob Kekane, Angus Herselman, Johan de Ridder and Dawn Marole. Their resignations were as a result of non-executive directors reaching term limits and a restructuring of the board to optimal size. The changes took effect from the annual general meeting on 25 April 2006. ABIL wishes to again thank all these directors for their time, effort and dedication in support of the group during their tenure. internet marketing promotion

Appreciation

The market environment in which ABIL is active is competitive and dynamic. This poses significant challenges as we position the business for sustainable long-term growth. Our management and staff have again shown their mettle during 2006 and on behalf of the board, we thank every one of you for your dedication and hard work. We greatly value the counsel and contribution of the members of our board and the strong relationships we are building with the regulatory authorities. The trust and continued support of our many clients is the foundation of our business. We will continue to show our commitment by meeting your financial needs with innovative products, excellent service and competitive pricing. guide internet marketing

Ashley Mabogoane Gordon Schachat Leon Kirkinis top Terms and conditions

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Short name ABIL Founded 1995 Listed 1995 Currency ZAR Listings exchange JSE Limited Sector General financial Subsector Consumer finance Share Codes Ordinary Shares JSE: ABL Reuters: ABL.J Bloomberg: ABL SJ Equity Preference Shares ABLP Reuters: ABLPp.J ISIN codes ZAE000030060 Preference shares ZAE000065215 Bond codes ABL3 ABL4 ABL5 ADR programme Level 1 ADR symbol AFRVY ADR Cusip number 00828W109 Conversion ratio 1 ADR is equivalent to 5 ordinary shares denver internet marketing

Notice of Annual General Meeting

144 KB Form of Proxy 103 KB Terms and conditions | Disclaimer | Privacy and Security | Access to information African Bank Ltd. is an Authorised Financial Services Provider chicago internet marketing

Corporate Social Investment Corporate Social Investment % of post tax operating profit directed pa to CSI 0.5% top Terms and conditions | Disclaimer | Privacy and Security | Access to information African Bank Ltd. is an Authorised Financial Services Provider internet marketing specialist

On 16 May 2005, Abil announced that it is proposing a black equity ownership programme. Click on the links below to find out more about this initiative. Black Equity Ownership Programme Format Size Black Equity Ownership Programme Circular and Notice of General Meeting 335 KB Notice of General Meeting & Salient dates 74 KB Black Equity Ownership Programme 3.9 MB 3g edition generation internet

MEMBERS OF THE ABIL BOARD Ashley Sefako Mabogoane (48) Independent non-executive chairman Date appointed: 01/12/1999 Qualifications: Diploma in Business Management (EE) Directorships: Ashley Mabogoane is the chief executive officer of New Seasons Investments (Pty) Limited. He is the former CEO of FABCOS Investments Holdings (Pty) Limited and was responsible for driving the commercialisation of the FABCOS Group and its transformation from being a donor driven organisation to a fully fledged commercially driven investment holding company. agency internet marketing

He serves as non-executive chairman of African Bank Limited and also chairman of Fidelity Springbok Security Services. He is a director of the following companies: Eyomhlaba Investment Holdings Limited, New Seasons Investments Holdings Limited, New Seasons Auto Holdings, New Seasons ICT, New Seasons Strategic Investments (Proprietary) Limited, Roadgrass Investments (Proprietary) Limited, Pono Investments (Proprietary) Limited, Rand Merchant Bank Structured Insurance (RMB SI), Owl Bridge Investments, Timespan Investments and Triffic Investments. internet marketing resource

Gordon Schachat (54) Executive deputy chairman Date appointed:

01/07/1995 Directorships: Executive director of African Bank Limited Leonidas Kirkinis (47) Chief executive officer Date appointed: 01/07/1997 Qualifications: BComm, BAcc CA(SA) Directorships: Managing director of African Bank Limited expert internet marketing

Antonio Fourie (46) Executive director Date appointed:

21/10/2003 Qualifications: BComm Directorships: Executive director of African Bank Limited Bahle Dawn Goba (44) Independent non-executive director Date appointed: 06/06/2003 Qualifications: BSc Business Administration, MBA internet ireland marketing

Directorships:

Non-executive director of African Bank Limited, Nokusa Consulting and Nokusa Packaging, Rorisang Basadi Investment Holdings, Multimatics (Proprietary) Limited David Braidwood Gibbon (64) Date appointed: 01/06/2003 Qualifications: CA(SA) Directorships: Non-executive director of African Bank Limited and other group subsidiary companies, The Spar Group Limite, ; Steinway Trustees (Pty) Limited conference internet marketing

Mutle C. Mogase Date appointed: 12/03/2007 Qualifications:BComm, Executive Development Programme, Graduate Diploma in Corporate Governance Directorships: Non-executive director of African Bank Limited, Air Liquide (Pty) Ltd, Spescom Ltd, Debtpack, Eastern Platinum Limited, Eastern Platinum Limited, Incwala Resources (Pty) Ltd, Blue I.Q (Chairman), Charter Council, DataPro, Comtech, SAVCA (Chairman) internet marketing technique

Ramani Naidoo (44) Date appointed: 19/05/2003 Qualifications: BA, LLB, Certificate in Mergers and Acquisitions Directorships: Non-executive director of African Bank Limited, Allied Technologies Limited, The Wine People Group Limited Thamsanqa Mthunzi Sokutu (43) Qualifications: BSc (Hons), MSc Directorships: Executive director of African Bank hotel internet marketing

Limited and other group subsidiary companies; non-executive chairman of Masake (Proprietary) Limited; non-executive director of Eyomhlaba Investment Holdings Limited; LaFarge SA; National Business Initiative, Banking Association Brian Paxton Furbank Steele (63) Qualifications: BComm, CA(SA), MBA Directorships: Non-executive director of African Bank Limited; Aveng Limited filled increase internet

Günter Zeno Steffens (69) Qualifications: Banking exams Limited and other group subsidiary companies; non-executive deputy chairman of Ridge Mining plc; non-executive director of Omega Investment Research and non-executive director of Connection Group Holdings (Proprietary) Limited Nationality: German Daniel Filipe Gabriel Tembe (54) Date appointed: 01/01/2000 Qualifications: MSc Financial Economics diego internet marketing san

Limited; non-executive chairman of Mozambique Investment Company; non-executive chairman of Cornastone Mozambique; executive chairman of Institute for Management of State Holdings; member of the Fiscal Council of Seguradora Internacional de Mo ambique (insurance company). affiliate business internet

Nationality:

Mozambique Ashley Tugendhaft (58) Non-executive director Date appointed: 01/04/2003 Qualifications: BA, LLB Limited; Imperial Holdings Limited; Pinnacle Technology Holdings Limited David Farring Woollam (43) Date appointed: 01/11/2002 Directorships: Executive director of African Bank Limited and other group subsidiary companies internet marketing plan

Click here for the Delegation of authority to Contract - African Bank and ABIL Terms and conditions

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African Bank - Your Credit Bank Personal Finance Investor Zone Employer Corporate Services Client Services Site Help Site map Home

Bond Programme African Bank Home | Investor Zone | Bond Programme African Bank launched a R3, 5 billion Domestic Medium Term Note (DMTN) programme in 2001 to fund its asset book which allows it to raise tranches of funding at different rates and terms in the domestic bond market as and when it requires. The DMTN programme was increased to R5 billion in 2006. Tranches Issued article internet marketing

BOND LAUNCH DATE SIZE COUPON MATURITY

ABL 1 September 2001 R1 billion 12, 50% February 2005 ABL 2 September 2003 11, 75% September 2006 ABL 3 July 2004 R1 billion 11, 75% July 2007 ABL 4 August 2005 R800 million 9, 00% August 2010 information internet marketing

ABL 5 August 2006 R750 million 9, 70% August 2011 African Bank Bond Rating Report 45 KB Programme memorandum (September 2001) 435 KB Programme supplement (September 2003) 191 KB Programme supplement (June 2004) 155 KB Programme supplement (August 2005) 379 KB Programme supplement (July 2006) 634 KB internet marketing network

Charters Format Size Board and Communication charter 154 KB BEE charter 75 KB Risk Committee charter 89 KB Audit Committee charter 92 KB Remuneration charter 88 KB Directors Affairs charter 87 KB Terms and conditions | Disclaimer | Privacy and Security | Access to information internet marketing promotional

Investor Relations Lydia du Plessis Executive: Investor Relations & Treasury Tel: (011) 256 9246 Fax: (011) 256 9217 contact me Karen de Beer Investor Relations Officer Tel: (011) 256 9048 Fax: (011) 315 3404 contact me Hilda Sons Shareholder Responsibility Tel: (011) 256 9196 Fax: (011) 315 3404 IR contacts internet marketing research

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E-mail: investor.relations@africanbank.co.za Join our mailing list Email address: affiliate company internet

Mailing list: Subscribe Unsubscribe Your request: top Physical Address 59 16th Road, Midrand Postal Address Private Bag x170, 1685 South Africa Telephone: +27 11 256 9000 Telefax: +27 11 256 9217 Download Map Company's websites www.africanbank.co.za www.eyomhlaba.co.za Company Secretarial contact detail free internet marketing

Company registration

1946/021193/06 Switch board number 011 256 9000 Toll free telephone number 086 1111 011 Company Secretary Sarita Martin Auditors Deloitte & Touche: +27 11 806 5000 Standard Bank Actuarial consultants Southern Africa Actuarial Consultants (Proprietary) Limited Transfer secretaries campaign internet marketing

LINK MARKET SERVICES 11 Diagonal Street Johannesburg, 2001 PO Box 4844 Johannesburg 2000 Telephone: +27 11 834 2266 Telefax: +27 11 834 4398 Email: africanbank@linkmarketservices.co.za Complaints and fraud African Bank Ethics toll free line: 0800 20 20 18 African Bank Ethics email address: abfraudethics@africanbank.co.za African Bank Ethics Telefax: +27 11 207 3811 African Bank call centre number: 0861 111 011 internet marketing tip

• A restructuring of the size of the board and the implementation of a term limit policy for non-executive directors firm internet law marketing

• Improvements in the quality of management information submitted to the board idea internet marketing

• Improved effectiveness of the subcommittees and their ability to focus on their delegated areas of responsibility internet marketing software

Performance appraisals and feedback sessions on individual director performance atlanta internet marketing

• An assessment of the training needs of individual directors, and the scheduling of in-house and external training sessions to meet these needs en internet marketing

• Greater involvement by the non-executive members of the board in the development of the strategic plans with a special off-site strategy session attended by the entire board and certain other executives age in internet marketing

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