ABSA GROUP LIMITED - Full Capital Redemption - BGL05 and BGL06

Full Capital Redemption - BGL05 and BGL06

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: BGL05
ISIN Code: ZAG000129354

Bond Code: BGL06
ISIN Code: ZAG000129362
(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENTS EARLY REDEMPTION – BGL05 AND BGL06

Absa Group – Tier 2 Notes, with stock codes BGL05 and BGL06 (the “Notes”) were issued with a final
Maturity Date of 4 September 2025 respectively, however, are redeemable at the Issuer’s option on 4
September 2020 (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 4 September 2020. 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 ZAR945,000,000 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

 BGL05         ZAR508,000,000                         ZAR0.00

 BGL06         ZAR437,000,000                         ZAR0.00



31 July 2020

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

Date: 31-07-2020 10:30:00
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