Changes to the Absa Group and Absa Bank Boards ABSA GROUP LIMITED Incorporated in the Republic of South Africa (Registration number: 1986/003934/06) JSE share code: ABG ISIN: ZAE000255915 Bond issuer code: ABGI (“Absa Group” or “Group”) ABSA BANK LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1986/004794/06) JSE share code: ABSP ISIN: ZAE000079810 Bond issuer code: BIABS (“Absa Bank”) CHANGES TO THE ABSA GROUP AND ABSA BANK BOARDS In accordance with paragraph 3.59 of the JSE Limited (JSE) Listings Requirements and paragraph 6.39 of the JSE Debt Listings Requirements, shareholders are informed that the Absa Group and Absa Bank Boards (the Boards) have resolved, in terms of section 71(3)(b) of the South African Companies Act, 71 of 2008 (the Companies Act), that Sipho M Pityana will cease to be a director of the Boards, with immediate effect. The Boards were of the view that, through his conduct, Mr Pityana had neglected, or been derelict in the performance of, his functions as a director of the Boards. This followed a meeting with Mr Pityana in which he was provided with an opportunity to address the Boards on this issue. The Boards considered Mr Pityana's responses and came to their decision after extensive deliberation. Johannesburg 24 November 2021 Enquiries: Nadine Drutman +27 (0) 11 350 5347 E-mail: Nadine.Drutman@absa.africa Lead Independent Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor: Absa Bank - Corporate and Investment Bank Date: 24-11-2021 08:53:00 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.