ABSA GROUP LIMITED - Notice of Dealings in Securities

Notice of Dealings in Securities

ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group)

Notice of Dealings in Securities


In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited the following information
is disclosed.

Absa Group Executive Director D W P Hodnett and Company
Secretary N R Drutman were granted awards under the
Executive Share Award Scheme (ESAS), an equity-settled
phantom share scheme approved by shareholders in 2008. N R
Drutman also elected to participate in the Voluntary
Executive Share Award Scheme (VESAS), an equity-settled
phantom share scheme approved by shareholders in 2008. The
conditions of the schemes have been met and the schemes
have now come to an end of their 5-year lifecycle,
resulting in mandatory vesting.

Pursuant to the schemes, and subject to the completion of
appropriate mandates and instructions, N R Drutman elected
to sell 2,268 shares in respect of her ESAS award and 130
shares in respect of her VESAS award. D W P Hodnett elected
to sell all of his shares.

The share price used to convert the phantom shares into a
taxable gain, and subsequently the taxable gain into Absa
Group ordinary shares, was slightly different. This results
in a different number of shares being acquired than can be
sold.

Details of these transactions are contained below:

Name:                         N R Drutman
Designation:                  Absa Group Company Secretary
Date of sale transaction:     26 February 2013
Number of shares:             Acquired 5,633 shares at
                              16 165 cents per share.
                              Sold 2,268 shares at 16 175
                              cents per share.
                              Retained 3,365 shares.
Nature of transaction:       On market acquisition and
                             consequent sale of shares
Class of securities:         Absa Group ordinary shares
Value of acquisition
transaction:                 R910,574.45
Value of sale transaction:   R366,849.00
Nature of interest:          Direct beneficial
Clearance to deal:           Yes

Name:                        D W P Hodnett
Designation:                 Absa Group Executive Director
Date of sale transaction:    25 February 2013
Number of shares:            Acquired 10,072 shares at
                             16 165 cents per share.
                             Sold 10,072 shares at 16 380
                             cents per share.

Nature of transaction:       On market acquisition and
                             consequent sale of shares
Class of securities:         Absa Group ordinary shares
Value of acquisition
transaction:                 R1 628,138.80
Value of sale transaction:   R1 649,793.60
Nature of interest:          Direct beneficial
Clearance to deal:           Yes

Name:                        N R Drutman
Designation:                 Absa Group Company Secretary
Date of sale transaction:    26 February 2013
Number of shares:            Acquired 310 shares at 16 165
                             cents per share.
                             Sold 130 shares at 16 260
                             cents per share.
                             Retained 180 shares.

Nature of transaction:       On market acquisition and
                             consequent sale of shares
Class of securities:         Absa Group ordinary shares
Value of acquisition
transaction:                 R50,111.50
Value of sale transaction:   R21,138.00
Nature of interest:          Direct beneficial
Clearance to deal:           Yes


Johannesburg
27 February 2013

Enquiries:

Shareholders and investors:
Alan Hartdegen – Head: Investor Relations
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za

Media and other:
Mwambu Wanendeya – Head of Communications, Africa
(+2711) 350 7207
Email: Mwambu.Wanendeya@absa.co.za

Marthinus van Rensburg – Group Legal Counsel
(+2711) 350-4313
E-mail: Marthinus.VanRensburg@absa.co.za


Lead Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Corporate and Investment Banking, a division of Absa
Bank Limited

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