ABSA BANK LIMITED - ABCPI2 - Tier 2 Instrument Early Redemption

ABCPI2 - Tier 2 Instrument Early Redemption

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
(“Absa Bank” or the “Issuer”)
JSE code: ABCPI2
ISIN: ZAG000065251

TIER 2 INSTRUMENT EARLY REDEMPTION

Absa Bank – ABCPI2 Notes (the “Notes”) issued with a final maturity date of 20 September 2019, are
redeemable at the Issuer’s option on 20 September 2014 (“Optional Redemption Date”) in accordance with
condition 11.4 (”Redemption at the Option of the Issuer”) of the Terms and Conditions of the Notes (as read
with the Applicable Pricing Supplement).

In terms of condition 8.6 (“Payment Day”) and condition 18 (“Notices”) of the Terms and Conditions of the
Notes, notice is hereby given to Noteholders that the Issuer has exercised its right to early redeem all of the
Notes on 20 September 2014. As the Payment Day falls on a non-business day, payment of the redemption
amount, together with applicable interest (up to and including 21 September 2014), will be effected on Monday,
22 September 2014, being the Payment Day immediately following the Optional Redemption Date.

The redemption of the Notes will amount to a ZAR 3,000,000,000 reduction of Tier 2 capital and the amount
outstanding after the redemption will be ZAR Nil.

Absa Bank will maintain its strong capital position subsequent to the early redemption of this Note.

                         Nominal Redemption Amount             Amount Outstanding After Redemption
  ABCPI2                 ZAR 3,000,000,000                     ZAR Nil

20 August 2014

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

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