ABN43 - Absa Bank Limited - New Financial Instrument Listing

ABN43 - Absa Bank Limited - New Financial Instrument Listing                    
Absa Bank Limited                                                               
JSE Code: ABN43                                                                 
ISIN No: ZAG000091331                                                           
The JSE Limited has granted a listing to Absa Bank Limited- ABN43 Notes         
under its Domestic Medium-term Note Programme.                                  
INSTRUMENT TYPE: Domestic Medium-term Note                                      
Programme Size                R 30,000,000,000.00                               
Total Notes in issue          R 24,788,787,064.00                               
Bond Code                     ABN43                                             
Nominal Issued                R 578,000,000.00                                  
Coupon                        3 month Jibar plus 40bps                          
Trade Type                    Price                                             
Scheduled Maturity            12 July 2012                                      
Interest Dates                12 April and 12 July                              
Books Close                   02 April and 02 July                              
Last day to register          By 17:00 on 01 April and 01 July                  
Date Issued                   12 December 2011                                  
ISIN No.                      ZAG000091331                                      
114 of the Companies Act 71 of 2008, as published in the joint         
         announcement with Mvela Group on 8 December 2011 ("Scheme              
         Announcement").                                                        
    *    Mvela Group shareholders shall be able to elect to sell their          
shares in exchange for Blackstar shares, a cash alternative, or a      
         combination of both, subject to a ZAR 800 million (GBP63.5             
         million) maximum aggregate cash consideration.                         
    *    The Scheme consideration shall be calculated on a tangible NAV to      
tangible NAV basis as detailed in the Scheme Announcement.             
    *    The Blackstar board believes that Mvela Group`s assets represent       
         an attractive investment portfolio to which it can add                 
         significant value in the medium term and provides an excellent         
fit as part of Blackstar`s growth strategy.                            
    *    Blackstar also believes that the Scheme will be positive for           
         shareholders of both companies as:                                     
         -    the Scheme provides optionality to Mvela Group shareholders