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Mon 18 Oct 2004, 13:33 PREFERENCE SHARE ISSUE
AFRICAN BANK INVESTMENTS LIMITED PREFERENCE SHARE ISSUE                         
AFRICAN BANK INVESTMENTS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registered bank controlling company)                                           
(Registration number 1946/021193/06)                                            
(Share code: ABL)(ISIN code: ZAE000030060)                                      
(`ABIL`)                                                                        
African Bank Investments Limited Preference Share issue                         
The management of ABIL announces that it intends investigating the feasibility  
of utilising preference shares as part of the facilitation of a black economic  
empowerment structure for the group. Investors should note that this            
investigation is purely exploratory and should not assume that a transaction is 
imminent.                                                                       
Any such preference share issue will be subject to regulatory approval          
processes.                                                                      
Sandton                                                                         
18 October 2004                                                                 
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
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