Full Capital Redemption - BGL01 and BGL02 Absa Group Limited (formally known as Barclays Africa Group Limited) (Incorporated with limited liability in South Africa under registration number 1986/003934/06) Bond Code: BGL01 ISIN Code: ZAG000121476 Bond Code: BGL02 ISIN Code: ZAG000121484 (“Absa Group” or the “Issuer”) FINANCIAL INSTRUMENT EARLY REDEMPTION – BGL01 AND BGL02 Absa Group – Dated Tier 2 Notes, with stock code BGL01 and BGL02 (the “Notes”) were issued with a final Maturity Date of 18 November 2024, however, are redeemable at the Issuer’s option on 19 November 2019 (the “First Optional Redemption Date”) in accordance with Condition 11.5 (Conditions to Redemption, Substitution or Variation 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 19 November 2019. 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 ZAR500,000,000.00 nominal, and the nominal amount outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will maintain its capital position subsequent to the early redemption of the Notes. Details of the redemption amount of the Notes are detailed below: Capital Redemption Amount Amount Outstanding of the Notes After Capital Redemption BGL01 ZAR370,000,000 ZAR0.00 BGL02 ZAR130,000,000 ZAR0.00 16 October2019 Debt sponsor Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 16/10/2019 11:45:00 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.