ABSA BANK LIMITED - New Financial Instrument Listing - ASN414 and ASN416

New Financial Instrument Listing - ASN414 and ASN416

ABSA BANK LIMITED
(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in
the Republic of South Africa)

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED for the ASN414 and
ASN416 note under its Master Structured Note Programme Memorandum. Copies of the Master
Structured Note Programme and Pricing Supplements are available on the issuer’s website at
https://ss.absa.co.za/public/absa/home

Full Note details are as follows:
Index                                                  Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                           28 February 2020
Issue Size                                             16,410
Issue Price (ZAR)                                      1,000
Maturity Date                                          19 February 2025
JSE Long Code                                          ABMBSN414-19FEBRUARY2025
JSE Short Code                                         ABMBSN414
JSE Alpha Code                                         ASN414
ISIN                                                   ZAE000284808
Sector                                                 Specialised Securities
Sub – Sector                                           Investment Products


Full Note details are as follows:
Index                                                  Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                           28 February 2020
Issue Size                                             35,044
Issue Price (ZAR)                                      1,000
Maturity Date                                          21 February 2025
JSE Long Code                                          ABMBSN416-21FEBRUARY2025
JSE Short Code                                         ABMBSN416
JSE Alpha Code                                         ASN416
ISIN                                                   ZAE000284782
Sector                                                 Specialised Securities
Sub – Sector                                           Investment Products

Other provisions

Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the
words after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that
portion of the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of
Condition 9.8 and (iii) the insertion of the following additional paragraphs immediately after Condition 9.7:

“9.8    where such withholding or deduction is imposed on a payment to an individual and is required to
        be made pursuant to European Council Directive 2003/48/EC (or any other directive
        implementing the conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN)
        meeting of 26 and 27 November 2000) on the taxation of savings income or any law
        implementing or complying with, or introduced in order to conform to, such directive; or
9.9     held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
        amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax
        treaty or non-South African tax laws applicable to such Noteholder, whether by way of a tax
        credit, rebate deduction or reduction equal to all or part of the amount withheld or otherwise, and
        whether or not it is actually claimed and/or granted and/or allowed; or
9.10    in respect of any present or future taxes, duties, assessments or governmental charges of
        whatever nature which are payable otherwise than by withholding from payment of principal or
        interest, if any, with respect to such Note; or
9.11    where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10
        above occurs the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a
        result of the ownership, transfer or redemption of any Note.

If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other
than or in addition to the Republic South Africa, references in Conditions 8.2 (Redemption for Tax
Reasons or due to a Change in Law) and 9 (Taxation) to South Africa shall be read and construed as
references to South Africa and/or to such other jurisdiction, authority or agency.”

28 February 2020

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

Date: 28-02-2020 09:00:00
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