ABSA GROUP LIMITED - Full Capital Redemption - BGL03 and BGL04

Full Capital Redemption - BGL03 and BGL04

Absa Group Limited (formally known as Barclays Africa Group Limited)
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Code: BGL03
ISIN Code: ZAG000123100
Bond Code: BGL04
ISIN Code: ZAG000123118
(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENTS EARLY REDEMPTION – BGL03 AND BGL04

Absa Group – Tier 2 Notes, with stock codes BGL03 and BGL04 (the “Notes”) were issued with a final
Maturity Date of 5 February 2025 respectively, however, are redeemable at the Issuer’s option on 5
February 2020 (the “First Optional Redemption Date”) in accordance with Condition 11.5 (Conditions
to redemption, substitution or variation of Subordinated Notes) of the Terms and Conditions of the
Notes (as read with the relevant Applicable Pricing Supplements).

In accordance with Condition 18 (Notices) of the Terms and Conditions of the Notes, notice is hereby
given to Noteholders of the Notes that the Issuer has exercised its option to early redeem the Notes
on 5 February 2020. Payment of the redemption amount, together with applicable interest, will be
effected on the First Optional Redemption Date.

The redemption amount of the Notes is ZAR2,500,000,000 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will remain compliant in
terms of its capital adequacy requirements subsequent to the early redemption of the Notes. Details
of the redemption amount of the Notes are detailed below:

                 Capital Redemption Amount          Amount Outstanding of the Notes After
                                                    Capital Redemption

 BGL03           ZAR1,693,000,000                   ZAR0.00

 BGL04           ZAR807,000,000                     ZAR0.00



3 January 2020

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 03-01-2020 03:40:00
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