ABSA BANK LIMITED - Correction: Redemption of ASN401 Financial Instrument - Late Notification

Correction: Redemption of ASN401 Financial Instrument - Late Notification

ABSA BANK LIMITED
(Registration number 1986/004794/06)
JSE Alpha Code: ASN401
ISIN: ZAE000284527

CORRECTION: REDEMPTION OF ASN401 FINANCIAL INSTRUMENT – Late announcement

In terms of paragraphs 27(b) of the Applicable Pricing Supplement, the Anniversary Index Level on 09 December 2021
was greater than the Anniversary Autocall Level, triggering an Autocall Event resulting in an automatic Early Redemption
and termination.

Accordingly, the ASN401 note has been immediately suspended from trading today, Thursday, 20 January 2022. The
payment was effected on the 24th of December 2021 as per the terms and conditions of ASN401. The payment on
Wednesday, 26 January 2022 will be free of value. ASN401 will redeem and automatically terminate with effect from
Thursday, 27 January 2022.

JSE Short Code                                        ABMBSN401
JSE Alpha Code                                        ASN401
JSE Long Code                                         ABMBSN401-24DECEMBER2025
ISIN                                                  ZAE000284527
Issue Size                                            26,500
Payment (per unit)                                    R1,280.00
Last Date to Trade                                    Wednesday, 19 January 2022
Ex Date (Suspension Date)                             Thursday, 20 January 2022
Record Date                                           Monday, 24 January 2022
Payment Date (free of value)                          Tuesday, 25 January 2022
Termination Date                                      Wednesday, 26 January 2022

Following the full redemption, there will be RNil ASN401 Notes in issue.

20 January 2022

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

Date: 20-01-2022 09:54:00
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.