ABSA BANK LIMITED - New Financial Instrument Listing - ASN314

New Financial Instrument Listing - ASN314

ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN314
ISIN No: ZAG000156670

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN314 NOTES” under its Master
Structured Note Programme Memorandum.

INSTRUMENT TYPE:                                    ZERO COUPON NOTE

Authorised Programme size                           R40,000,000,000.00
Total Notes in issue                                R16,931,375,965.66

Full Note details are as follows:

Bond Code                                           ASN314
Nominal Issued                                      R200,000,000.00
Issue Price                                         100%
Coupon Rate                                         As per Pricing Supplement
Trade Type                                          Price
Final Maturity                                      17 January 2020
Interest Payment Date(s)                            17 January 2020
First Interest Payment Date                         17 January 2020
Last Day to Register                                By 17:00 on 6 January 2020
Books Close                                         7 January 2020
Interest Commencement Date                          25 January 2019
Date Convention                                     Following
Date Issued                                         25 January 2019
ISIN No.                                            ZAG000156670
Additional Information                              Unsubordinated and Unsecured Zero Coupon Note


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 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.”

Inward Listing. The Notes will be inward listed securities listed on the Financial Exchange in terms of the
authority granted by the Financial Surveillance Department of the South African Reserve Bank.

25 January 2019

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

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