ABSA GROUP LIMITED - Changes to the Absa Group and Absa Bank Boards

Changes to the Absa Group and Absa Bank Boards

ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
JSE share code: ABG
ISIN: ZAE000255915
Bond issuer code: ABGI
(“Absa Group” or “Group”)

ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
JSE share code: ABSP
ISIN: ZAE000079810
Bond issuer code: BIABS
(“Absa Bank”)


CHANGES TO THE ABSA GROUP AND ABSA BANK BOARDS

In accordance with paragraph 3.59 of the JSE Limited (JSE) Listings Requirements and paragraph 6.39 of the JSE
Debt Listings Requirements, shareholders are informed that the Absa Group and Absa Bank Boards (the Boards)
have resolved, in terms of section 71(3)(b) of the South African Companies Act, 71 of 2008 (the Companies Act),
that Sipho M Pityana will cease to be a director of the Boards, with immediate effect.

The Boards were of the view that, through his conduct, Mr Pityana had neglected, or been derelict in the performance
of, his functions as a director of the Boards.

This followed a meeting with Mr Pityana in which he was provided with an opportunity to address the Boards on this
issue. The Boards considered Mr Pityana's responses and came to their decision after extensive deliberation.

Johannesburg
24 November 2021


Enquiries:
Nadine Drutman
+27 (0) 11 350 5347
E-mail: Nadine.Drutman@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank - Corporate and Investment Bank

Date: 24-11-2021 08:53:00
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