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Mon 24 May 2004, 16:29 DEALINGS BY DIRECTORS AND COMPANY SECRETARY
Release Date: 24/05/2004 15:54:04      Code(s): ABL
  AFRICAN BANK INVESTMENTS LIMITED - DEALINGS BY DIRECTORS AND COMPANY SECRETARY  
  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`)                                                                        
  DEALINGS BY DIRECTORS AND COMPANY SECRETARY                                     
  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:                                                               
  Director                      :Leon Kirkinis                                    
  Company                       :ABIL                                             
  Office held                   :CEO                                              
  Nature of transaction         :Delivery of shares in terms of an option accepted
                                on 4 April 2001                                   
  Number of options             :600 000                                          
  Option strike price           :461 cps                                          
  Date of transaction           :21 May 2004                                      
  Period of exercise/vesting    :The options were exercised on 9 April 2001 and   
                                had vested on 4 April 2004                        
  Total value of Transaction    :R2 766 000                                       
  Security class                :Ordinary shares                                  
  Nature and extent of                                                            
  director`s interest           :Direct Beneficial                                
  Clearance                     :The required clearance per rule                  
  3.66 has been obtained                            
  Nature of transaction         :Delivery of shares in terms of an option accepted
                                on 1 April 2003                                   
  Number of options             :60 000                                           
  Option strike price           :463 cps                                          
  Date of transaction           :21 May 2004                                      
  Period of exercise/vesting    :The options were exercised on 8 December 2003 and
                                had vested on 1 April 2004                        
  Total value of Transaction    :R277 800                                         
  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                      :Gordon Schachat                                  
  Company                       :ABIL                                             
  Office held                   :Executive Deputy Chairman                        
  Nature of transaction         :Delivery of shares in terms of an option accepted
                                on 9 April 2001                                   
  Number of options             : 600 000                                         
  Option strike price           :461 cps                                          
  Date of transaction           :21 May 2004                                      
  Period of exercise/vesting    :The options were exercised on 9 April 2001 and   
                                had vested on 9 April 2004                        
  Total value of Transaction    :R2 766 000                                       
  Security class                :Ordinary shares                                  
  Nature and extent of                                                            
  director`s interest           :Direct Beneficial                                
  Clearance                     :The required clearance per rule                  
                                3.66 has been obtained                            
  Nature of transaction         :Delivery of shares in terms of an option accepted
                                on 22 April 2003                                  
  Number of options             :60 000                                           
  Option strike price           :463 cps                                          
  Date of transaction           :21 May 2004                                      
  Period of exercise/vesting    :The options were exercised on 8 December 2003 and
  had vested on 22 April 2004                                                     
  Total value of Transaction    :R277 800                                         
  Security class                :Ordinary shares                                  
  Nature and extent of                                                            
  director`s interest           :Indirect Beneficial                              
  Clearance                     :The required clearance per rule                  
                                3.66 has been obtained                            
  Company Secretary             :Sarita Martin                                    
  Company                       :ABIL                                             
  Office held                   :Company Secretary                                
  Nature of transaction         :Exercise and delivery of options already granted 
                                and accepted in ABIL on 27 March 2003 and         
  subsequent sale of shares                         
  Number of options             :19226                                            
  Option strike price           :463 cps                                          
  Selling price                 :1130 cps                                         
  Date of sale transaction      :21 May 2004                                      
  Period of exercise/vesting    :The options had vested by 27 March 2004 and were 
                                exercised on 20 May 2004                          
  Total value of Sale Transaction:R 217 253,80                                    
  Security class                :Ordinary shares                                  
  Nature and extent of  interest:Direct Beneficial                                
  Clearance                     :The required clearance per rule                  
                                3.66 has been obtained                            
  Midrand                                                                         
  24 May 2004                                                                     
  Sponsor                                                                         
  Deutsche Securities (SA) (Proprietary) Limited                                  
  Date: 24/05/2004 03:54:10 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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