ABSA BANK LIMITED - ASN395: New Financial Instrument Listing.

ASN395: New Financial Instrument Listing.

ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN395
ISIN No: ZAG000164948

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN395 NOTES” under its Master
Structured Note Programme Memorandum.

INSTRUMENT TYPE:                                  CREDIT-LINKED FLOATING RATE NOTE

Authorised Programme size                         R40,000,000,000.00
Total Notes in issue                              R21,173,503,395.25

Full Note details are as follows:

Bond Code                                         ASN395
Nominal Issued                                    R49,000,000.00
Issue Price                                       100%
Coupon Rate                                       8.308% (3 Month JIBAR as at 04 December 2019 of 6.808% plus
                                                  150 bps)
Coupon Rate Indicator                             Floating
Trade Type                                        Price
Final Maturity Date                               20 December 2022
Books Close Date(s)                               10 February, 10 May, 10 August, 10 November
Interest Payment Date(s)                          20 February, 20 May, 20 August, 20 November
Interest Determination Date(s)                    20 February, 20 May, 20 August, 20 November of
                                                  each year commencing on the issue date
Last Day to Register                              By 17:00 on 9 February, 9 May, 9 August, 9 November
Issue Date                                        4 December 2019
Date Convention                                   Following
Interest Commencement Date                        4 December 2019
First Interest Payment Date                       20 February 2020
ISIN No.                                          ZAG000164948
Additional Information                            Unsubordinated Unsecured

Other provisions

Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:

“9.8   where such withholding or deduction is imposed on a payment to an individual and is required to be
       made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
       conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
       November 2000) on the taxation of savings income or any law implementing or complying with, or
       introduced in order to conform to, such directive; or

9.9    held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
       amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
       or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
       deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
       actually claimed and/or granted and/or allowed; or

9.10   in respect of any present or future taxes, duties, assessments or governmental charges of whatever
       nature which are payable otherwise than by withholding from payment of principal or interest, if any,
       with respect to such Note; or

9.11    where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
        occurs, the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of
        the ownership, transfer or redemption of any Note.

If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to a Change in
Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa and/or to
such other jurisdiction, authority or agency.”

04 December 2019

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 04-12-2019 12:40:00
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