BARCLAYS AFRICA GROUP LIMITED - Barclays Africa Group Limited and ABSA Bank Limited: Rating Assignment by Standard & Poor's Ratings Services

Barclays Africa Group Limited and ABSA Bank Limited: Rating Assignment by Standard & Poor's Ratings 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”)

BARCLAYS AFRICA GROUP LIMITED AND ABSA BANK LIMITED: RATING ASSIGNMENT BY
STANDARD & POOR’s RATINGS SERVICES ("S&P")

In terms of section 4.26 of the Debt Listings Requirements of JSE Limited, shareholders of BAGL and Absa
are hereby advised that S&P has on 30 November 2015 assigned a “zaAA” long-term and “zaA-1” short-term
South African national scale rating to Barclays Africa Group and Absa.

The ratings reflect the overall creditworthiness of the Barclays Africa Group, whose group credit profile
(GCP) S&P assesses at 'bbb-'.

S&P’s national scale rating has no outlook. Future ratings on BAGL and Absa are expected to be influenced
by S&P’s South Africa rating.

Please refer to the S&P announcement for any further information.

BAGL and Absa ratings are available on www.barclaysafrica.com/barclaysafrica/Investor-Relations/Debt-
investors/Current-credit-ratings and www.absa.co.za/Absacoza/About-Absa/Absa-Bank/Credit-rating for
reference.

7 December 2015

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

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