ABSA GROUP LIMITED - BL07 and BGL08 - Financial Instruments Early Redemption

BL07 and BGL08 - Financial Instruments Early Redemption

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: BGL07
ISIN Code: ZAG000129388
Bond Code: BGL08
ISIN Code: ZAG000129396
(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENTS EARLY REDEMPTION – BGL07 AND BGL08

Absa Group – Tier 2 Notes, with stock codes BGL07 and BGL08 (the “Notes”) were issued with a final
Maturity Date of 03 September 2027 respectively, however, are redeemable at the Issuer’s option on 03
September 2022 (the “First Optional Redemption Date”) in accordance with Condition 11.4
(Redemption at the option of the Issuer (Issuer Call)) 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 03 September 2022. 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 ZAR767,000,000 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

 BGL07         ZAR737,000,000                         ZAR0.00
 BGL08         ZAR30,000,000                          ZAR0.00



03 August 2022

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

Date: 03-08-2022 12:55:00
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