ABSA BANK LIMITED - BAGL/BIABS - Barclays Africa Group Limited and Absa Bank Limited: Ratings by Standars & Poor's Rating Services

BAGL/BIABS - Barclays Africa Group Limited and Absa Bank Limited: Ratings by Standars & Poor's Rating Services

BARCLAYS AFRICA GROUP LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: BAGL
(“Barclays Africa Group” or “BAGL”)

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
(“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 shareholding in BAGL 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

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

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