BARCLAYS AFRICA GROUP LIMITED - Barclays PLC/Barclays Africa separation: Regulatory approval and cautionary announcement

Barclays PLC/Barclays Africa separation: Regulatory approval and cautionary announcement

BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000174124
JSE share code: BGA
(“Barclays Africa” or “BAGL”)

ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(“Absa Bank”)


BARCLAYS PLC / BARCLAYS AFRICA SEPARATION: REGULATORY APPROVAL AND
CAUTIONARY ANNOUNCEMENT

Barclays PLC (“Barclays”) announced on 1 March 2016 that it intended, over a two- to
three-year period, to reduce its shareholding in Barclays Africa Group Limited (“BAGL”) to a
level which will permit Barclays to de-consolidate BAGL from a regulatory perspective and,
prior to that, from an accounting perspective.

On 23 February 2017, BAGL announced that the terms of the transitional services
arrangements and the separation payments had been agreed with Barclays. These were
submitted to relevant regulators as part of a request for approval for Barclays to sell down its
holding in BAGL to below 50%.

Barclays and BAGL have now received the required regulatory approval from the Minister of
Finance in South Africa for the sell-down.

BAGL shareholders are advised to exercise caution until a further announcement is made.

Johannesburg
31 May 2017


Enquiries:
Alan Hartdegen (Head of Investor Relations)
(+2711) 350-2598
E-mail: Alan.Hartdegen@barclaysafrica.com

Lead Independent Sponsor to Barclays Africa:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor to Barclays Africa:
Corporate and Investment Bank – a division of Absa Bank

Date: 31/05/2017 03:15:00 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.