ABSA BANK LIMITED - Partial Redemption due to Credit Event - ASN264 and ASN480

Partial Redemption due to Credit Event - ASN264 and ASN480

ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN264
ISIN No: ZAG000152356

Bond Code: ASN480
ISIN No: ZAG000170333

(“the Notes”)

Notice of Credit Event

Notice is hereby given to all Noteholders of the Notes listed above which were issued under the Issuers’ Master
Structured Note Programme (“MSNP”) that the Issuer has determined that an Obligation Default Credit Event has
occurred in respect of Europcar Mobility Group which is one of the Reference Entities included in the Applicable Pricing
Supplements relating to the Notes.

Interest will accordingly cease to accrue in respect of the portion relating to Europcar Mobility Group (the “Affected
Portion”) from the 02nd December 2020.

The Calculation Agent will determine and deliver the relevant Deliverable Obligation(s) in respect of the Affected Portion
minus Swap Costs.

Under the terms of the Notes, the amount of the Notes equal to the Reference Entity Nominal Amount will be
repurchased and delisted. Therefore the following redemptions will apply effective the 25th of January 2021.

                                            Capital Redemption            Amount Outstanding After
                                                 Amount                     Capital Redemption


               ASN264- ZAG000152356            R 333,333.33                    R 22,000,000.03


               ASN480- ZAG000170333            R 1,666,666.66                  R 118,333,333.34




20 January 2021

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

Date: 20-01-2021 02:55:00
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