BARCLAYS AFRICA GROUP LIMITED - BAGL/ BIABS - Rating Assigned by Moody's Investor Services

BAGL/ BIABS  - Rating Assigned by Moody's Investor 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 Bank”)


MOODY’S ASSIGNS RATINGS TO ABSA BANK’S AND BARCLAYS AFRICA GROUP’S DOMESTIC
MEDIUM TERM NOTE (DMTN) PROGRAMMES

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that Moody’s
Investors Service “Moody’s) has, on 10 August 2017, assigned provisional senior unsecured local
currency rating of (P)Baa3 to the ZAR60 billion Domestic Medium Term Note (DMTN) Programme of
Absa Bank Limited (Absa Bank), and (P)Ba1 to the ZAR30 billion DMTN programme of Barclays Africa
Group Limited (BAGL). Both ratings are in line with Absa Bank’s Baa3 (negative) long term deposit rating
and BAGL’s BA1 (negative) long term issuer rating.

Absa Bank Limited’s ZAR60 billion DMTN programme

The (P)Baa3 local currency rating assigned to the senior unsecured class of notes of Absa Bank’s
existing DMTN programme is aligned with its Baa3 long-term deposit rating, reflecting the fact that the
senior instruments issued under the programme will be direct, unconditional, unsubordinated and
unsecured obligations of Absa Bank and rank equally with all other unsecured and unsubordinated
obligations of Absa Bank.

Barclays Africa Group Limited’s ZAR30 billion DMTN programme

The (P)Ba1 local currency rating assigned to the senior unsecured class of notes of BAGL’s existing
DMTN programme is aligned with its Ba1 long-term issuer rating, reflecting the fact that the senior
instruments issued under the programme will be direct, unconditional, unsubordinated and unsecured
obligations of BAGL and rank equally with all other unsecured and unsubordinated obligations of BAGL.

For further information on the announcement, please refer to the web link below:
https://www.moodys.com/research/Moodys-assigns-ratings-to-Absa-Banks-and-Barclays-Africa-Groups--
PR_371066?WT.mc_id=AM~RmluYW56ZW4ubmV0X1JTQl9SYXRpbmdzX05ld3NfTm9fVHJhbnNsYXR
pb25z~20170810_PR_371066

Johannesburg
11 August 2017

Debt sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

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