ABSA GROUP LIMITED - Full Capital Redemption - BGL12 and BGL13

Full Capital Redemption - BGL12 and BGL13

Absa Group Limited (formally known as Barclays Africa Group Limited)
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Code: BGL12
ISIN Code: ZAG000138801
Bond Code: BGL13
ISIN Code: ZAG000138819
(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENTS EARLY REDEMPTION – BGL12 AND BGL13

Absa Group – Tier 2 Notes, with stock codes BGL12 and BGL13 (the “Notes”) were issued with a final
Maturity Date of 20 August 2026 respectively, however, are redeemable at the Issuer’s option on 20
August 2021 (the “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
relevant Applicable Pricing Supplements).

In accordance with Condition 18 (Notices) of the Terms and Conditions of the Notes, notice is hereby
given to Noteholders of the Notes that the Issuer has exercised its option to early redeem the Notes
on 20 August 2021. Payment of the redemption amount, together with applicable interest, will be
effected on the First Optional Redemption Date.

The redemption amount of the Notes is ZAR1,650,000,000 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will remain compliant in
terms of its capital adequacy requirements subsequent to the early redemption of the Notes. Details
of the redemption amount of the Notes are detailed below:

               Capital Redemption Amount             Amount Outstanding of the Notes After
                                                     Capital Redemption

 BGL12         ZAR1,510,000,000                      ZAR0.00

 BGL13         ZAR140,000,000                        ZAR0.00



19 July 2021

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

Date: 19-07-2021 05:35:00
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