AB08 and AB09 - Early Redemption Absa Bank Limited (Incorporated with limited liability in South Africa under registration number 1986/004794/06) (“Absa Bank” or the “Issuer”) Bond Code: AB08 ISIN Code: ZAG000077074 Bond Code: AB09 ISIN Code: ZAG000077082 FINANCIAL INSTRUMENT EARLY REDEMPTION –AB08 AND AB09 Absa Bank – AB08 and AB09 Tier 2 Notes (“the Notes”) were issued with a final maturity date of 3 May 2022, however, are redeemable at the Issuer’s option on 3 May 2017 (“First Optional Redemption Date”) in accordance with condition 11.4 (“Redemption at the option of the Issuer” (Issuer Call)) of the Terms and Conditions of the Notes (as read with the Applicable Pricing Supplement). In terms of condition 8.6 (“Payment Day”) and condition 18 (“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 3 May 2017. Payment of the redemption amount, together with applicable interest, will be effected on the First Optional Redemption Date. The redemption of the Notes will amount to ZAR 1,000,000,000.00 nominal and the amount outstanding after the redemption will be ZAR 0.00. Capital Redemption Amount Amount Outstanding After Capital Redemption AB08 ZAR 400,000,000.00 ZAR 0.00 AB09 ZAR 600,000,000.00 ZAR 0.00 03 April 2017 Debt sponsor Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 03/04/2017 01:45:00 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.