ABSA BANK LIMITED - New Financial Instrument Listing - ASN338, ASN339 and ASN340

New Financial Instrument Listing - ASN338, ASN339 and ASN340

ABSA BANK LIMITED
(Registration number 1986/004794/06)

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN338, ASN339 and ASN340
notes” under its Master Structured Note Programme Memorandum.

Full Note details are as follows:

Index                                           Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                    31 May 2019
Issue Size                                      54,441
Issue Price (ZAR)                               1,000
Maturity Date                                   24 May 2024
JSE Long Code                                   ABMBSN338-24MAY2024
JSE Short Code                                  ABMBSN338
JSE Alpha Code                                  ASN338
ISIN                                            ZAE000273793
Sector                                          Specialised Securities
Sub – Sector                                    Investment Products



Full Note details are as follows:

Index                                           Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                    31 May 2019
Issue Size                                      15,054
Issue Price (ZAR)                               1,000
Maturity Date                                   24 May 2024
JSE Long Code                                   ABMBSN339-24MAY2024
JSE Short Code                                  ABMBSN339
JSE Alpha Code                                  ASN339
ISIN                                            ZAE000273785
Sector                                          Specialised Securities
Sub – Sector                                    Investment Products
Full Note details are as follows:

Index                                           Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                    31 May 2019
Issue Size                                      29,017
Issue Price (ZAR)                               1,000
Maturity Date                                   27 May 2024
JSE Long Code                                   ABMBSN340-27MAY2024
JSE Short Code                                  ABMBSN340
JSE Alpha Code                                  ASN340
ISIN                                            ZAE000273777
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 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 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.”
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.



30 May 2019

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

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