Results of remuneration engagement ABSA GROUP LIMITED (Formerly: Barclays Africa Group Limited) Incorporated in the Republic of South Africa Registration number: 1986/003934/06 Share Code: ABG ISIN: ZAE000255915 (“Absa Group”) ENGAGEMENT WITH SHAREHOLDERS WITH REGARD TO ABSA GROUP’S REMUNERATION POLICY AND IMPLEMENTATION REPORT Further to the announcement released on 9 July 2018, shareholders are informed that a telephone conference with the Group Chairman, Wendy Lucas-Bull, and the chairman of the Group Remuneration Committee, Paul O’Flaherty, was held on Monday, 23 July 2018. A total of 14 shareholders holding approximately 5% of the Group participated. The shareholders posed questions and raised concerns regarding certain aspects of our disclosure relating to Long Term Incentive Plan awards and about the application of Capital Requirements Directive IV to our senior executives. We thanked the shareholders for their input and committed to disclose in our 2018 financial year- end integrated report the steps taken to address the concerns raised. Johannesburg 27 July 2018 Enquiries: Nadine Drutman – Group Company Secretary (+2711) 350-5347 E-mail: Nadine.drutman@absa.africa Independent Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor: Absa Bank Limited - Corporate and Investment Bank Date: 27/07/2018 03:55:00 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.