ABSA BANK LIMITED - New Financial Instrument Listings - ASN630

New Financial Instrument Listings - ASN630

ABSA BANK LIMITED
(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the
Republic of South Africa)
Bond Code: ASN648
ISIN No: ZAE000300554


NEW FINANCIAL INSTRUMENTS LISTING

The JSE Limited has granted financial instruments listing to ABSA BANK LIMITED “ASN648” note under its Master
Structured Note Programme Memorandum. Copies of the Master Structured Note Programme and Pricing Supplements
are available on the issuer’s website at https://www.absa.africa/absaafrica/investor-relations/debt-investors/

INSTRUMENT TYPE:                                  INDEX-LINKED NOTE

Authorised Programme size                         R40,000,000,000.00

Full Note details are as follows:

Index                                             S&P 500 Index
                                                  S&P/ASX 200 Index
                                                  Euro Stoxx 50 Index
                                                  Toronto Stock Exchange 60 Index
Total Notes in issue                              R 36,501,002,685.52 (including ASN648)
Listing Date                                      26 July 2021
Issue Size                                        101,000
Issue Price (ZAR)                                 1,000
Maturity Date                                     27 July 2026
JSE Long Code                                     ABMBSN648-27JULY2026
JSE Short Code                                    ABMBSN648
JSE Alpha Code                                    ASN648
ISIN                                              ZAE000300554
Sector                                            Specialised Securities
Sub – Sector                                      Investment Products



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 26
       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 whe ther 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 the Republic 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.”



23 July 2021

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

Date: 23-07-2021 04:15:00
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