ABSA GROUP LIMITED - Full Capital Redemption - BGL10 and BGL11

Full Capital Redemption - BGL10 and BGL11

Absa Group Limited (formally known as Barclays Africa Group Limited)
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Codes: BGL10
ISIN Codes: ZAG000135997
Bond Codes: BGL11
ISIN Codes: ZAG000136003

(“Absa Group” or the “Issuer”)

FINANCIAL INSTRUMENT EARLY REDEMPTION – BGL10 AND BGL11

Absa Group – Tier 2 Notes, with stock codes BGL10 and BGL11 (the “Notes”) were issued with a final
Maturity Date of 5 May 2026 respectively, however, are redeemable at the Issuer’s option on 5 May
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.

Notice is hereby given to Noteholders of the Notes that the Issuer has exercised its option to early
redeem the Notes on 5 May 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 ZAR231,000,000 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will remain compliant with
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

 BGL10          ZAR200,000,000                      ZAR0.00

 BGL11          ZAR31,000,000                       ZAR0.00



15 April 2021

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

Date: 15-04-2021 05:30:00
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