SHAREHOLDER UPDATE – ROADSHOWS JUNE 2007

2 What is Eyomhlaba Eyomhlaba is a special purpose vehicle created specifically under African Bank Investments Limited (“ABIL”) Black Equity Ownership Programme. Shares in Eyomhlaba are not listed. Eyomhlaba’s main purpose is to hold and acquire the maximum number of ABIL listed ordinary shares Eyomhlaba is not a traditional operating company with staff and overheads - it is an investment holding company.

3 Why was Eyomhlaba created? Achieve broad based Black economic empowerment for ABIL Also reach a wide spectrum of individuals associated with ABIL Give Blacks an opportunity to acquire indirectly an holding of ABIL shares through Eyomhlaba Eyomhlaba shares offered at a significant discount to their initial underlying net asset value and so financially empowering the participants Eyomhlaba structured with low borrowings to increase its ability to succeed in achieving these objectives Ultimately at least 10% of ABIL to be beneficially owned by historically disadvantaged individuals

4 ABIL’S Black Equity Ownership Programme: current position 93.6% Existing ABIL shareholders ABIL Funders RMB/Barclays R87 m R150 m 6.4% R413 m * Existing black shareholders Directors & employees Black customers Specific issue of shares at par * Market value at opening of public offer Black general public

5 Financial Summary to 30 April 2007: Subscribed for ABIL shares at a cost of R (while market value was R413m) Raised R150m senior preference share funding (RMB) Raised R58m from shareholders on initial public offer Raised R26m from shareholders on rights offer Raised R3m from new ABIL employees on private placements Received R86m of dividends on ABIL shares Purchased 11,9m ABIL shares Owns 32,0m ABIL shares = 6.4% of ABIL

6 A snapshot of Eyomhlaba’s indicative NAV as at 30 April 07 mRR'm ABIL shares acquired at par ABIL shares acquired on JSE Cash held by Eyomhlaba9 Cash expected to be raised by issuing new shares16 Estimated value of ABIL shares & cash1,095 Less senior preference share funding(150) Less Expenses, preference dividends & deferred tax(122) Underlying value of Eyomhlaba823 Total number of authorised shares43.25 Indicative net asset value per share19.03 Estimated conversion rate For every100Eyomhlaba shares Entitled to57 ABIL shares

7 History of Eyomhlaba NAV

8 Shareholders and your Annual General Meeting (AGM): Purpose of AGM Benefits of attending the AGM Summary of second AGM held on 2 June 2007: –The following resolutions were passed: Remuneration of directors who are also non-Exec directors of ABIL Submission of amended version of Articles to Registrar Directors’ control over unissued share capital Re-appointment of directors: Dawn Marole (chairman) Nithia Nalliah Judith Dlamini (independent) –The following resolutions were withdrawn at the meeting: Re-instatement of ABIL’s right to allot Number of designated shares

9 Shareholders and your Annual General Meeting (AGM) – Proxy forms: Eyomhlaba Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2005/005827/06) ("Eyomhlaba" or “the Company”) Instructions: For use by Eyomhlaba shareholders at the annual general meeting of shareholders of Eyomhlaba, to be heldat10h00 at the Protea Hotel - Parktonian, 120 De Korte Street, Braamfontein, Johannesburg on 2 June2007. Please note that, while preference shareholders are entitled to attend and speak at the annual general meeting, eitherin person or represented by proxy, preference shareholders shall not be entitled to vote, either in person or by proxy, at theAnnualGeneralMeeting. Accordingly, any aspect of this proxy form regarding voting does not apply to the preference shareholders. If any preference shareholder completes any part of the voting instructions below, those instructions will not apply and will be disregarded. I/We (BLOCK LETTERS please) of [Address] Telephone Work ( ) Telephone Home ( ) being theholder/s of ordinary shares; and/or, preference shares, hereby appoint (see note 1 overleaf): or failing him/her or failing him/her, the chairman of the annual general meeting of shareholders, as my/our proxy to act for me/us at the annual general meeting of shareholders for the purpose of considering and, if deemed fit, passing, with or without modification, the resolutions to be proposed thereat and at each adjournment or postponement thereof, and to vote for and/or against such resolutionsand/or abstain from voting in respect of the Eyomhlaba shares registered in my/our name (see note 3 overleaf) as follows:

10 Shareholders and your Annual General Meeting (AGM) – Proxy forms (cont.):

11 Shareholders and your Annual General Meeting (AGM) – Proxy forms (cont.):

12 How do shareholders contact Eyomhlaba? Molebedi Trust Limited – Transfer secretaries & administrators Call centre number: (0860 ABL BEE) Website: Contact them in the event of: -Change of address -Change of cell phone numbers and other contact details -Not receiving company correspondence

13 Shareholders’ rights and restrictions – a reminder: Empowerment period – 31 December 2015 (8 years, 6 months) Entitled to sell one third in years starting : –1 January 2011 –1 January 2012 –1 January 2013 May only sell through “over the counter” mechanism May not cede or pledge shares Shareholders are bound by the Articles – rules governing the company and shareholders If shareholder dies – shares may be transferred to beneficiary who cannot sell earlier than the dates listed above Shareholders do not receive dividends – any surplus cash is used to buy additional ABIL shares Eyomhlaba shareholders have a right to vote at ABIL’s AGM’s

14 Rights offer completed in September 2006 Existing black Eyomhlaba shareholders given right to subscribe for additional shares Price (R2.10) = 85% discount to underlying indicative NAV at 31 July 2006 Offer closed 8 Sep 2006 and was heavily oversubscribed with a third of initial shareholders participating Shares were allocated as follows: –Guaranteed allotment to application for entitlement (i.e. 1 for every 2 shares held). (6,9m shares allotted on this basis) –Applicants with less than shares who’d subscribed for more than their guaranteed entitlement, were allotted shares to a maximum of (3,7m shares allotted on this basis) –After the above, 1,8m shares were available versus 16,9m shares subscribed for. All affected applicants were allotted 11% of their excess application. R26,0m was raised from the issue of the additional 12,4m shares through the rights offer

15 Designated (reserved) shares Total of 5,5 million shares remain unissued at end April 2007 These shares may be issued to new ABIL employees by no later than 31 December 2009 at discount not greater than 85% of net asset value. Shares not issued at that date will be issued by way of rights offer to existing shareholders in 2010.

16 What happens at end of empowerment period? Empowerment period ends 31 December 2015 After Dec 2015 – Eyomhlaba shareholders will receive ABIL shares after all costs and tax paid in company If distribution were to be done today, Eyomhlaba shareholder would receive approximately 57 ABIL shares for every 100 Eyomhlaba shares owned After Dec 2015 shareholders free to deal with their ABIL shares eg sell, pledge, cede, donate, transfer to family trust, etc Dividends from ABIL share then paid directly to shareholders Eyomhlaba will then be pay outstanding debt, tax on capital gains and be liquidated

Thank you