ABSA BANK LIMITED - ABGI/ BIABS - Moody's affirms credit ratings and changes outlook following the change in outlook on the SA sovereign

ABGI/ BIABS - Moody's affirms credit ratings and changes outlook following the change in outlook on the SA sovereign

ABSA GROUP LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Issuer Code: ABGI
(“Absa Group’’)

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Issuer Code: BIABS
(“Absa Bank”)

ABSA GROUP LIMITED AND ABSA BANK LIMITED: MOODY’S AFFIRMS CREDIT RATINGS AND
CHANGES OUTLOOK FOLLOWING THE CHANGE IN OUTLOOK ON THE SOUTH AFRICAN SOVEREIGN

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that Moody’s Investor
Services (“Moody’s”) has on 05 April 2022 affirmed the Ba2 long-term deposit ratings of Absa Bank Limited,
and the Ba3 long-term issuer rating of Absa Group Limited. The outlook on both ratings has been changed
from negative to stable.

This change in outlook follows Moody’s decision to upgrade the South African government’s credit outlook
from negative to stable on 01 April 2022.

For additional details on the rationale of the change in outlook please see the press release by Moody’s on
05 April 2022 titled “Moody's affirms the ratings of five South African banks, changes outlook to stable from
negative”.

Johannesburg
7 April 2022

Debt sponsor to Absa Group Limited and Absa Bank Limited:
Corporate and Investment Bank, a division of Absa Bank Limited

Date: 07-04-2022 01:05:00
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