MINISTER OF FINANCE, TREVOR MANUEL AND GOVERNOR OF THE SOUTH AFRICAN RESERVE BANK, TITO MBOWENI There has recently been an unprecedented level of withdrawals of deposits from BOE Bank Limited ("BOE"). The current apparent loss of confidence in BOE is without foundation, as BOE is a well-managed, sound and solvent bank.It has therefore become necessary to assure the public of the unequivocal commitment of the National Treasury and the South African Reserve Bank (SARB) to stand fully behind BOE, and the banking system as a whole.Through the provision of an explicit government guarantee, all depositors of BOE are advised that their deposits are safe.Accordingly, it is business as usual for BOE. Minister of FinanceTrevor ManuelCape TownGovernor of the South African Reserve BankT T MboweniPretoria