ABSA BANK LIMITED - ASN550 New Financial Instrument Listing

ASN550 New Financial Instrument Listing

ABSA BANK LIMITED
(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the Republic of
South Africa)
Bond Code: ASN550
ISIN No: ZAE000294633

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN550” note under its Master
Structured Note Programme Memorandum. Copies of the Master Structured Note Programme and Pricing Supplements
are available on the issuer’s website at https://www.absa.africa/absaafrica/investor-relations/debt-investors/

INSTRUMENT TYPE:                                        INDEX-LINKED NOTES

Authorised Programme size                               R40,000,000,000.00

Full Note details are as follows:

Index                                                   FTSE 100 Index (Bloomberg Ticker: UKX Index)
                                                        Euro Stoxx 50 Index (Bloomberg Ticker: SX5E Index)
Total Notes in issue                                    R30,356,160,017.96 (including this note)
Listing Date                                            17 December 2020
Issue Size                                              15,077
Issue Price (ZAR)                                       1,000
Maturity Date                                           17 December 2025
JSE Long Code                                           ABMBSN550-17DECEMBER2025
JSE Short Code                                          ABMBSN550
JSE Alpha Code                                          ASN550
ISIN                                                    ZAE000294633
Sector                                                  Specialised Securities
Sub – Sector                                            Investment Products

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 26 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 the Republic 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.”

15 December 2020

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

Date: 15-12-2020 03:24:00
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