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ABIL - DIRECTORS" DEALINGS - PURCHASE AND SALE OF SHARES
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Share code: ABL)
(ISIN : ZAE000030060)
("ABIL")
DIRECTORS" DEALINGS - PURCHASE AND SALE OF SHARES
ABIL advises that, in accordance with rules 3.63 to 3.66 of the Listings
Requirements of the JSE Securities Exchange South Africa, it has been informed
of the following purchase of shares pursuant to the vesting and exercising of
options already granted and accepted in ABIL shares
Director :Leon Kirkinis
Company :ABIL
Office held :Chief Executive Officer
Nature of transaction :Purchase of shares in terms of options granted on
28 March 2001
Number of shares :1 200 000
Option strike prices :461cps
Date of transaction :11 March 2004
Periods of vesting :The options had vested by 28 March 2002 and 28
March 2003
Total value of Transaction :R5 532 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 of the
Listings Requirements has been obtained
Director :Gordon Schachat
Company :ABIL
Office held :Executive Deputy Chairman
Nature of transaction :Purchase of shares in terms of options granted on
28 March 2001
Number of shares :1 200 000
Option strike prices :461cps
Date of transaction :11 March 2004
Periods of vesting :The options had vested by 28 March 2002 and 28
March 2003
Total value of Transaction :R5 532 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 of the
Listings Requirements has been obtained
Director :David Woollam
Company :ABIL
Office held :Executive Director
Nature of transaction :Purchase of shares in terms of options granted on
1 November 2002
Number of options :500 000
Option strike prices :450cps
Date of transaction :11 March 2004
Periods of vesting :The options had vested by 28 March 2002 and 1
November 2003
Total value of Transaction :R2 250 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 of the
Listings Requirements has been obtained
Director :Johan de Ridder
Company :ABIL
Office held :Executive Director
Nature of transaction :Purchase of shares in terms of options granted on
28 March 2001
Number of options :400 000
Option strike prices :461cps
Date of transaction :11 March 2004
Periods of vesting :The options had vested by 28 March 2002 and 28
March 2003
Total value of Transaction :R1 844 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 of the
Listings Requirements has been obtained
ABIL advises that, in accordance with rules 3.63 to 3.66 of the Listings
Requirements of the JSE Securities Exchange South Africa, it has been informed
of the following sale of ABIL shares
Director :Gordon Schachat
Company :ABIL
Office held :Executive Deputy Chairman
Nature of transaction :Sale of shares
Number of shares :1 074 734
Selling price :1060cps
Date of transaction :11 March 2004
Total value of Transaction :R11 392 180.40
Security class :Ordinary shares
Nature and extent of
director"s interest :Indirect Beneficial
Clearance :The required clearance per rule 3.66 has been
obtained
Director :David Woollam
Company :ABIL
Office held :Executive director
Nature of transaction :Sale of shares
Number of shares :75000
Selling price :1060cps
Date of transaction :11 March 2004
Total value of Transaction :R795 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 has been
obtained
Director :Johan de Ridder
Company :ABIL
Office held :Executive director
Nature of transaction :Sale of shares
Number of shares :400 000
Selling price :1060cps
Date of transaction :11 March 2004
Total value of Transaction :R4 240 000
Security class :Ordinary shares
Nature and extent of
director"s interest :Direct Beneficial
Clearance :The required clearance per rule 3.66 has been
obtained
NET EFFECT OF TRANSACTIONS
Director Shareholding Current
prior to transactions shareholding
Gordon Schachat 10 074 734 10 200 000
Leon Kirkinis 9 433 956 10 633 956
David Woollam 240 000 665 000
Johan de Ridder 0 0
Midrand
15 March 2004
Sponsor
Deutsche Securities
Date: 15/03/2004 03:48:58 PM Produced by the JSE SENS Department
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