ABSA BANK LIMITED - AB010 - Full Redemption and Delisting:

AB010 - Full Redemption and Delisting:

Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Code: AB010
ISIN Code: ZAG000101221
(“Absa Bank” or the “Issuer”)

FINANCIAL INSTRUMENT EARLY REDEMPTION – AB010

Absa Bank – Dated Tier 2 Notes, with stock code AB010 (the “Notes”) were issued with a final
Maturity Date of 21 November 2022, however, are redeemable at the Issuer’s option on 21 November
2017 (the “First Optional Redemption Date”) in accordance with Condition 11.5 (Redemption of
Subordinated Notes) of the Terms and Conditions of the Notes (as read with the Applicable Pricing
Supplement).

In accordance with Condition 18 (Notices) of the Terms and Conditions of the Notes, notice is hereby
given to Noteholders of the Notes that the Issuer has exercised its option to early redeem the Notes
on 21 November 2017. Payment of the redemption amount, together with applicable interest, will
be effected on the First Optional Redemption Date.

The redemption amount of the Notes is ZAR1,805,000,000.00 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Bank will maintain its capital
position in line with Board targets subsequent to the early redemption of the Notes

               Capital Redemption Amount           Amount Outstanding of the Notes After
                                                   Capital Redemption

 AB010         ZAR 1,805,000,000.00                ZAR0.00



19 October 2017

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

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