Full Capital Redemption - BGL05 and BGL06 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: BGL05 ISIN Code: ZAG000129354 Bond Code: BGL06 ISIN Code: ZAG000129362 (“Absa Group” or the “Issuer”) FINANCIAL INSTRUMENTS EARLY REDEMPTION – BGL05 AND BGL06 Absa Group – Tier 2 Notes, with stock codes BGL05 and BGL06 (the “Notes”) were issued with a final Maturity Date of 4 September 2025 respectively, however, are redeemable at the Issuer’s option on 4 September 2020 (the “First Optional Redemption Date”) in accordance with Condition 11.4 (Redemption at the option of the Issuer (Issuer Call)) of the Terms and Conditions of the Notes (as read with the relevant Applicable Pricing Supplements). 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 4 September 2020. 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 ZAR945,000,000 nominal, and the nominal amount outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will remain compliant in terms of its capital adequacy requirements 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 BGL05 ZAR508,000,000 ZAR0.00 BGL06 ZAR437,000,000 ZAR0.00 31 July 2020 Debt sponsor Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 31-07-2020 10:30:00 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.