Rating downgrade of Absa Bank by Moody’s Investors Service Absa Bank Limited - Rating downgrade of Absa Bank by Moody’s Investors Service Absa Bank Limited (Incorporated with limited liability in South Africa under registration number 1986/004794/06) ("Absa Bank") Bond Issuer Code: ABMN Share Code: ASA Preference Share Code: ABSP Rating downgrade of Absa Bank by Moody’s Investors Service ("Moody’s") Notice is hereby given that Moody’s has on 4 October 2012 downgraded South Africa’s five biggest banks; Standard Bank‚ Absa Bank‚ FirstRand Bank‚ Nedbank and Investec Bank Ltd’s foreign deposit ratings due to the revision of South Africa’s foreign currency deposit ceiling to Baa1 from A3 previously. The downgrade was prompted by the weakening of the South African government's credit profile‚ as captured by Moody's downgrade of SA's government bond rating to Baa1 (negative) from A3 on 27 September 2012; and the high sovereign exposure of the five largest South African banks. Moody’s said that any indication of a weakening of the SA authorities' willingness to support any of the above-mentioned banks or any significant deterioration in their capacity to extend financial support‚ could negatively affect the banks' deposit and debt ratings, and that there is little likelihood of any upwards rating momentum over the next 12 months. Absa Banks’ credit ratings are available for download from www.absa.co.za. Johannesburg 5 October 2012 Debt sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays) Date: 05/10/2012 03:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.