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ABSA BANK LIMITED - AB05 Early Capital Redemption

Release Date: 03/08/2012 07:05
Code(s): AB05     PDF:  
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AB05 Early Capital Redemption

Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
(“Absa Bank” or the “Issuer”)

JSE code: AB05

EARLY CAPITAL REDEMPTION

Absa Bank – AB05 Notes (“the Notes”) were issued with a final maturity date of 1 September 2017,
however, are redeemable at the Issuer’s option on 1 September 2012 (“Optional Redemption Date”) in
accordance with condition 9.3 (Redemption at the Option of the Issuer) of the Terms and Conditions of
the Notes (as read with the Applicable Pricing Supplement).

In terms of condition 8.3 (“Payment Day”) and condition 16 (“Notices”) of the Terms and Conditions
of the Notes, notice is hereby given to Noteholders that the Issuer has exercised its right to early
redeem the Notes on 1 September 2012. Payment of the redemption amount, together with applicable
interest, will be effected on Monday, 3 September 2012, being the Payment Day immediately following
the Optional Redemption Date.

The redemption of the Notes will amount to a R1.5billion reduction of Tier 2 capital and the amount
outstanding after the redemption will be R0.00.

                      Capital Redemption Amount                  Amount Outstanding After
                                                                 Capital Redemption

  AB05                R 1 500 000 000.00                         R 0.00



3 August 2012

Debt sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays)

Date: 03/08/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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