Financial instrument early redemption : Absa Bank Limited - AB013 Absa Bank Limited (Incorporated with limited liability in South Africa under registration number 1986/004794/06) Bond Code: AB013 ISIN Code: ZAG000101254 (“Absa Bank” or the “Issuer”) FINANCIAL INSTRUMENT EARLY REDEMPTION – AB013 Absa Bank – Dated Tier 2 Notes, with stock code AB013 (the “Notes”) were issued with a final Maturity Date of 21 November 2023, however, are redeemable at the Issuer’s option on 21 November 2018 (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 2018. 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 ZAR1,188,000,000 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 AB011 ZAR1,188,000,000 ZAR0.00 16 October2018 Debt sponsor Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 16/10/2018 04:15:00 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.