ABSA BANK LIMITED - AB08 and AB09 - Early Redemption

AB08 and AB09 - Early Redemption

Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
(“Absa Bank” or the “Issuer”)
Bond Code: AB08
ISIN Code: ZAG000077074
Bond Code: AB09
ISIN Code: ZAG000077082

FINANCIAL INSTRUMENT EARLY REDEMPTION –AB08 AND AB09

Absa Bank – AB08 and AB09 Tier 2 Notes (“the Notes”) were issued with a final maturity date of 3
May 2022, however, are redeemable at the Issuer’s option on 3 May 2017 (“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 Applicable Pricing
Supplement).

In terms of condition 8.6 (“Payment Day”) and condition 18 (“Notices”) of the Terms and Conditions
of the Notes, notice is hereby given to Noteholders that the Issuer has exercised its right to early
redeem the Notes on 3 May 2017. Payment of the redemption amount, together with applicable
interest, will be effected on the First Optional Redemption Date.

The redemption of the Notes will amount to ZAR 1,000,000,000.00 nominal and the amount
outstanding after the redemption will be ZAR 0.00.

                Capital Redemption Amount        Amount Outstanding After Capital Redemption
  AB08          ZAR 400,000,000.00               ZAR 0.00
  AB09          ZAR 600,000,000.00               ZAR 0.00


03 April 2017

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

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