BARCLAYS AFRICA GROUP LIMITED - Barclays Africa Group Limited and Absa Bank Limited: Ratings by Standard & Poors Ratings Services

Barclays Africa Group Limited and Absa Bank Limited: Ratings by Standard & Poors Ratings Services

BARCLAYS AFRICA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000174124
JSE share code: BGA
(“Barclays Africa Group” or “BAGL”)

ABSA BANK LIMITED
Authorised financial services and registered credit provider (NCRCP7)
Incorporated in the Republic of South Africa
Registration number: 1986/004794/06
JSE share code: ABSP
ISIN: ZAE000079810
(“Absa Bank”)



BARCLAYS AFRICA GROUP LIMITED AND ABSA BANK LIMITED: RATINGS BY
STANDARD & POOR’S RATINGS SERVICES (“S&P”)

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that
S&P has on 9 March 2016 downgraded the national scale ratings of BAGL and affirmed the
national scale ratings of Absa Bank respectively.

S&P has lowered the national scale ratings on BAGL to ‘zaA/zaA-2’ from ‘zaAA-/zaA-1’, while
leaving Absa Bank’s national scale rating unchanged at 'zaAA-/zaA-1'. The rating actions
follow the Barclays PLC announcement concerning the proposed sell down of its African
operations over the next two to three years. S&P does not provide a rating outlook.

Further details are available on S&P’s website or press release “Barclays Africa Group
Downgraded To ‘zaA/zaA-2’; Subsidiary Absa Bank ’zaAA-/zaA-1’ Ratings Affirmed”.



Johannesburg

9 March 2016


Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@barclaysafrica.com
Tel: 011 350 5347


Independent lead sponsor to Barclays Africa Group:
J.P. Morgan Equities South Africa Proprietary Limited


Joint sponsor to Barclays Africa Group:
Corporate and Investment Bank, a division of Absa Bank Limited

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