ABSA GROUP LIMITED - AGL02 - Early Redemption

AGL02 - Early Redemption

Absa Group Limited -
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Code: AGL02
ISIN Code: ZAG000158452
("Absa Group" or the "Issuer")

FINANCIAL INSTRUMENT EARLY REDEMPTION – AGL02

Absa Group – Tier 2 Notes, with stock code AGL02 (the "Notes") were issued with a final Maturity Date
of 11 April 2029, however, are redeemable at the Issuer's option on 11 April 2024 (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 11 April 2024. 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 ZAR1,580,000,000 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

 AGL02          ZAR1,580,000,000                     ZAR0.00



11 March 2024

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 11-03-2024 04:30:00
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