BARCLAYS AFRICA GROUP LIMITED - BAGL and BIABS - Change in ratings by Standard & Poor's rating service

BAGL and BIABS - Change in ratings by Standard & Poor's rating service

BARCLAYS AFRICA GROUP LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: BAGL
 (“Barclays Africa Group Limited”, “BAGL” or “the Company”)

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
("Absa Bank Limited" or “Absa”)

BARCLAYS AFRICA GROUP LIMITED AND ABSA BANK LIMITED: CHANGE IN RATINGS BY
STANDARD & POOR’S RATINGS SERVICES (‘S&P’)

Notice is hereby given in terms of the Debt Listings Requirements of JSE Limited that S&P has on
9 December 2015 lowered the long-term national scale ratings of six South African financial institutions.
These rating actions were driven by S&P’s revision to its outlook on the Republic of South Africa.

S&P has lowered the long-term national scale ratings on Barclays Africa Group Limited and Absa Bank
Limited to ‘zaAA-‘ from ‘zaAA’, while affirming their 'zaA-1'short-term national scale rating for both entities.
S&P does not provide a rating outlook on BAGL and Absa.

Further details are available on S&P’s website or press release ‘Various Negative Rating Actions on Eight
South African Financial Institutions After Sovereign Outlook Revision - 09 December 2015’.

11 December 2015

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

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