ABSA GROUP LIMITED - Dealings by Prescribed Officers of Absa Group

Dealings by Prescribed Officers of Absa Group

ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
Bond Issuer Code: ABGI
(“Absa Group” or the “Group”)

DEALINGS BY PRESCRIBED OFFICERS OF ABSA GROUP

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised
that the following ordinary shares have been awarded to prescribed officers of Absa Group:

1.    Absa Group Share Incentive Plan (SIP) – Long-Term Performance Award (Award/s)

The Share Incentive Plan (“SIP”) Long-Term Performance Award is designed to incentivise long-term
performance with vesting of awards, subject to fulfilment of a combination of financial and non-financial
Absa Group performance targets (as disclosed in the Group’s Remuneration Report for 2021) measured
over a three-year performance period. Awards will vest on the third anniversary of the grant date, subject
to the achievement of the performance targets, and continued employment requirements, as set out in the
SIP rules. Dividend equivalents may be added to the Awards at the vesting of an Award in terms of the
Share Incentive Plan Rules and will be paid to the extent that the shares vest.

The number of shares under the Award was fixed with reference to the 20-day volume-weighted average
price preceding the grant date (being 1 September 2022). The Awards were granted as set out in the table
below, and have since been accepted on the date indicated below.

                                                                                                           On Target value at
                                                                                    Number      Price of
                                                                                                           award date (ZAR),
                                                                                   of Shares   Shares at
  Officer         Grant Date         Acceptance Date           Award Type                                      subject to
                                                                                   Awarded       Grant
                                                                                                             performance
                                                                                    (*note)      (ZAR)
                                                                                                            targets (*note)
Lee,          01 September 2022      05 September 2022      Performance Award        24,536     183.40         4,499,902
Geoffrey
Fox, Cowyk    01 September 2022      05 September 2022      Performance Award        24,536     183.40         4,499,902

Mkhize,      01 September 2022 05 September 2022           Performance Award          24,536    183.40         4,499,902
Faisal
    Notes:
    * The employees were appointed as prescribed officers with effect from 1 July 2022.


Clearance to deal has been obtained for the above-mentioned transactions and all transactions were
executed off market.

Johannesburg
6 September 2022

Enquiries:
Nadine Drutman
(+2711) 350-5347
E-mail: Nadine.Drutman@absa.africa

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

Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)




                                                        

Date: 06-09-2022 12:08:00
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