ABSA GROUP LIMITED - Full Capital Redemption - BGL01 and BGL02

Full Capital Redemption - BGL01 and BGL02

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: BGL01
ISIN Code: ZAG000121476

Bond Code: BGL02
ISIN Code: ZAG000121484

(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENT EARLY REDEMPTION – BGL01 AND BGL02

Absa Group – Dated Tier 2 Notes, with stock code BGL01 and BGL02 (the “Notes”) were issued with a
final Maturity Date of 18 November 2024, however, are redeemable at the Issuer’s option on 19
November 2019 (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 Applicable Pricing Supplement).

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 19 November 2019. 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 ZAR500,000,000.00 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will maintain its capital
position 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

 BGL01         ZAR370,000,000                       ZAR0.00

 BGL02         ZAR130,000,000                       ZAR0.00



16 October2019

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

Date: 16/10/2019 11:45:00
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