BARCLAYS AFRICA GROUP LIMITED - Dealings by directors of Barclays Africa

Dealings by directors of Barclays Africa

BARCLAYS AFRICA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
Share Code: BGA
ISIN: ZAE000174124
(“Barclays Africa”)



DEALINGS BY DIRECTORS OF BARCLAYS AFRICA

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are informed of dealings
by Barclays Africa executive directors and the company secretary, as set out below.

1.       Restricted awards

Qualifying employees received a Restricted Award grant (Cash Award) in October 2016 by the Barclays
Africa Group Limited (“BAGL”) Remuneration Committee. The Restricted Award was converted to an
award over ordinary shares in BAGL (“Shares”) under the Share Value Plan (“SVP”) on 31 July 2017 (the
“Conversion Date”), as detailed below.

The number of shares subject to a Restricted Award was fixed with reference to the 20-day volume
weighted average price preceding the Conversion date . This table sets out the deferred shares which were
accordingly awarded into the Restricted SVP and granted to the executive directors and company secretary
off market. These awards have since been accepted on the dates indicated below.

Director/Secretary    Transaction       Award Type      Number       Price of Shares    Maximum
                      Date                              of Shares    at award date      value at award
                                                        Awarded      (ZAR)              date (ZAR)
                                          Restricted      55,290         R 144.69        R7,999,910.10
     Maria Ramos        26-Sep-17
                                            SVP
                                          Restricted      48,379         R 144.69        R6,999,957.51
     David Hodnett      26-Sep-17
                                            SVP
                                          Restricted
      Jason Quinn       26-Sep-17                         20,733         R 144.69        R2,999,857.77
                                            SVP
                                          Restricted      17,278         R 144.69        R2,499,953.82
 Nadine Drutman         26-Sep-17
                                            SVP

The Cash Awards were granted in October 2016 and subsequently converted to equity, only after the
participants received clearance to deal following the Barclays PLC sell-down of shares in Barclays Africa.
The Cash Awards were, however, disclosed in the 2016 Barclays Africa Group Integrated Report.
The Restricted Awards will vest (subject to performance) no earlier than 30 September 2018, subject to
certain additional deferral requirements for executive directors.
2.       Long Term Incentive Award (“LTIP”)

The LTIP is designed to incentivise performance through a combination of financial and non-financial
performance targets. This LTIP award will vest no earlier than 31 July 2020, subject to the achievement of
the performance targets. The number of shares under the 2017 LTIP was fixed with reference to the
20-day volume weighted average price preceding 31 July 2017. The share awards in respect of the LTIP
were granted to the executive directors and company secretary as set out in the table below. These
awards have since been accepted on the dates indicated below.


Director/Secretary    Transaction       Award     Number of       Price of Shares   Maximum value at
                      Date              Type      Shares          at award date     award date (ZAR),
                                                  Awarded,        (ZAR)             subject to
                                                  subject to                        performance
                                                  performance                       targets
                                                  targets
     Maria Ramos         26-Sep-17        LTIP          165,870      R 144.69         R23,999,730.30

     David Hodnett       26-Sep-17        LTIP          145,137      R 144.69         R20,999,872.53

      Jason Quinn        26-Sep-17        LTIP          96,758       R 144.69         R13,999,915.02

     Peter Matlare       26-Sep-17        LTIP          134,770      R 144.69         R19,499,871.30

                         26-Sep-17        LTIP          34,556       R 144.69          R4,999,907.64
 Nadine Drutman


The LTIP awards are new awards and have not previously been disclosed. The awards have been granted
through the Absa LTIP Scheme (approved by shareholders in 2012), and the details of the scheme and the
performance targets and metrics will be disclosed in the 2017 Barclays Africa Group 2017 Integrated
Report.



Johannesburg
2 October 2017

Enquiries:
Nadine Drutman – Group Company Secretary
(+2711) 350-5347
E-mail: Nadine.Drutman@barclaysafrica.com

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

Joint Sponsor:
Corporate and Investment Bank, a division of Absa Bank Limited

Date: 02/10/2017 04:22:00 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.