ABSA BANK LIMITED - Notification of amendments to the Absa Bank Limited ZAR 15 billion NewWave Exchange Traded Note Programme Memorandum

Notification of amendments to the Absa Bank Limited ZAR 15 billion NewWave Exchange Traded Note Programme Memorandum

ABSA BANK LIMITED
(Incorporated in accordance with the laws of South Africa and registered as a bank in terms of the
Banks Act)
(Registration No. 1986/004794/06)
(‘Absa Bank Limited” or “the Issuer”)

NEWWAVE EXCHANGE TRADED NOTES UNDER THE NEWWAVE EXCHANGE TRADED
NOTES PROGRAMME
(“NewWave Notes” or ‘‘ETNs”)
NEWWAVE USD EXCHANGE TRADED NOTES
Share code: NEWUSD
ISIN: ZAE000162608
NEWWAVE GBP EXCHANGE TRADED NOTES
Share Code: NEWGBP
ISIN: ZAE000162558
NEWWAVE EURO EXCHANGE TRADED NOTES
Share Code: NEWEUR
ISIN: ZAE000162541
NEWWAVE PLATINUM EXCHANGE TRADED NOTES
Share Code: NEWPLT
ISIN: ZAE000162590
NEWWAVE SILVER EXCHANGE TRADED NOTES
SHARE CODE: NEWSLV
ISIN: ZAE000162566

NOTIFICATION OF AMENDMENTS TO THE ABSA BANK LIMITED ZAR 15 BILLION NEWWAVE
EXCHANGE TRADED NOTE PROGRAMME MEMORANDUM

A summary of the amendments is set out below:

-       Updates to the Documents Incorporated by Reference section to include links to where
        information is available, and the inclusion of a Risk Factors and Issuer Disclosure Schedule
        containing the following information which has been removed from the body of the Programme
        Memorandum:

        •       information in relation to certain factors the Issuer believes represent key risks inherent
                in investing in the NewWave Notes;

        •       information in relation to the description of the Issuer, its business, legal status,
                management, and corporate governance;

        •       information in relation to the directors of the Issuer and the company secretary; and

        •       information in relation to South African Exchange Control, with respect to the NewWave
                Notes.

-       Updates to the Documents Incorporated by Reference section to include a link to where the
        Issuer’s King IV Report on Corporate Governance and application of King IV information is
        available, such information having been removed from the body of the Programme
        Memorandum;

-       The insertion of a summary of the Programme Memorandum;

-       Updates to the South African Exchange Control sections of the Programme Memorandum (now
        in a separate Risk Factors and Issuer Disclosure Schedule) to cater for changes to the relevant
        laws and regulations;

-       Amendments for changes to the legislation and terms applicable to exchange traded notes;
-      Updates to the General Information regarding the NewWave Notes and Corporate Information
       sections of the Programme Memorandum;

-      Amendments to the terms and conditions to include Condition 14 (Sanctions) providing for the
       effect of sanctions;

-      Amendments to the terms and conditions to cater for the amendments to the JSE Debt Listings
       Requirements effective 30 September 2020, which resulted in amendments to Conditions 22
       (Amendments of Applicable Terms and Conditions) and 23 (Meetings of Noteholders);

-      Updates to the Definitions, some of which were removed, amended or added to give effect to
       all of the above-mentioned amendments;

-      Various amendments throughout the Programme Memorandum to cater for changes to
       applicable laws and regulations where required; and

-      Other technical changes.

The updated Programme Memorandum is available for inspection at the registered office of the Issuer
and     has     been     made     available for inspection on     the    Issuer’s    website     at
https://aiss.absa.africa/products/etn.

The updated Programme Memorandum will also be available for inspection on the JSE’s website at
www.jse.co.za.

2 November 2022

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

Date: 02-11-2022 01:43:00
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