ABSA GROUP LIMITED - Results of General Meeting of Shareholders

Results of General Meeting of Shareholders

ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
JSE share code: ASA
ISIN: ZAE000067237
(“Absa Group”)


Results of General Meeting of Shareholders - The Proposed
Strategic Combination of Barclays African Operations with Absa
Group Limited (“The Proposed Transaction”) and the Proposed
Change of Name of “Absa Group Limited” to “Barclays Africa
Group Limited”

1.   Introduction

Shareholders are referred to the announcement released on SENS
dated 6 December 2012 and the circular to shareholders dated
14 December 2012 (“the Circular”), which provide details on
the Proposed Transaction.

2.   Results of the general meeting

Shareholders are advised that at the general meeting of Absa
Group’s shareholders (“Shareholders”) held on Monday, 25
February 2013 ("General Meeting"), all of the ordinary and
special resolutions proposed at the General Meeting were
approved by the requisite majorities of Shareholders. These
resolutions included an ordinary resolution to seek approval
for the Proposed Transaction and special resolutions for the
approval of the name change of “Absa Group Limited” to
“Barclays Africa Group Limited” and for the authority to allot
and issue Absa Group shares to Barclays Bank PLC (or its
wholly-owned  subsidiary,   Barclays  Africa   Group  Holdings
Limited, and the Horizon Trust) in respect of the Proposed
Transaction.
                                    Votes
                                    in favour (%)   Result




Ordinary resolution


Resolution to approve the
Proposed Transaction*                   96          Passed


Special resolutions


Special resolution to approve
the change of name                      99          Passed


Special resolution to approve
the allotment and issue of shares       98          Passed


Ordinary resolution

Resolution to grant authority
to give effect and implement
all the resolutions                     99          Passed


Note*: For purposes of the JSE Listings Requirements, the
votes of Barclays Bank PLC and its associates are excluded.
3.   Outstanding conditions precedent

Shareholders are reminded that implementing the Proposed
Transaction remains subject to fulfilling certain conditions
precedent, including various regulatory approvals, as set out
in the Circular.


Johannesburg

25 February 2013


Independent lead sponsor to Absa Group
J.P. Morgan Equities South Africa Proprietary Limited


Joint sponsor to Absa Group
Absa Corporate and Investment Banking, a division of Absa Bank
Limited

Date: 25/02/2013 11:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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