| | | | MUR'000 | | MUR'000 | | MUR'000 |
| USD 20,000,000 Class A Series 1 Shares | | 2,000,000 | 604,580 | 2,000,000 | 604,580 | 2,000,000 | 604,580 |
| MUR 800,000,000 Class A Series 2 Shares | | 8,000,000 | 800,000 | 8,000,000 | 800,000 | 8,000,000 | 800,000 |
| Transaction costs | | - | (4,812) | - | (4,812) | - | (4,812) |
| | | 10,000,000 | 1,399,768 | 10,000,000 | 1,399,768 | 10,000,000 | 1,399,768 |
| | | | | | | | |
| | | | | | | | |
| THE BANK | | | | | | | |
| | | | | | | | |
| Issued and fully paid | | 2020 | | 2019 | | 2018 | |
| | | Number of shares | Amount | Number of shares | Amount | Number of shares | Amount |
| | | | MUR'000 | | MUR'000 | | MUR'000 |
| USD 20,000,000 Class A Series 1 Shares | | 2,000,000 | 604,580 | 2,000,000 | 604,580 | 2,000,000 | 604,580 |
| MUR 800,000,000 Class A Series 2 Shares | | 8,000,000 | 800,000 | 8,000,000 | 800,000 | 8,000,000 | 800,000 |
| Transaction costs | | - | (18,812) | - | (18,812) | - | (18,812) |
| | | 10,000,000 | 1,385,768 | 10,000,000 | 1,385,768 | 10,000,000 | 1,385,768 |
| | | | | | | | |
| THE GROUP AND THE BANK | | | | | | | |
| | | | | | | | |
| Analysed as follows: | | 2020 | | 2019 | | 2018 | |
| | | Number of shares | Amount | Number of shares | Amount | Number of shares | Amount |
| | | | MUR'000 | | MUR'000 | | MUR'000 |
| USD 20,000,000 Class A Series 1 Shares | | | | | | | |
| At 30 June | | 2,000,000 | 604,580 | 2,000,000 | 604,580 | 2,000,000 | 604,580 |
| | | | | | | | |
| | | | | | | | |
| | | 2020 | | 2019 | | 2018 | |
| | | Number of shares | Amount | Number of shares | Amount | Number of shares | Amount |
| | | | MUR'000 | | MUR'000 | | MUR'000 |
| MUR 800,000,000 Class A Series 2 Shares | | | | | | | |
| At 30 June | | 8,000,000 | 800,000 | 8,000,000 | 800,000 | 8,000,000 | 800,000 |
| | | | | | | | |
| The Class A shares do not carry any general voting right at any shareholders meeting of the Bank other than an irrevocable right to vote on any proposal to amend the Class A shares Terms and Conditions. |
| The shares are callable, at the option of the issuer, six years after the issue date (30 June 2014), with the prior approval of the Bank of Mauritius. The bank has not exercise the option to redeem the shares as at 30 June 2020. |
| Dividends are payable at the discretion of the Board of Directors of AfrAsia Bank Limited and subject to the prior approval of Bank of Mauritius. |