ABSA BANK LIMITED - Absa Bank Limited: Credit Rating Action

Absa Bank Limited: Credit Rating Action

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

ABSA BANK LIMITED: CREDIT RATING ACTION FOLLOWING SOVEREIGN UPGRADE

On November 18, 2025, S&P Global Ratings (S&P) raised Absa Bank's long-term South Africa national
scale rating from 'zaAA+' to 'zaAAA' and affirmed Absa's 'zaA-1+' short-term national scale rating.

This ratings action was a direct result of S&P's decision to upgrade South Africa's foreign currency and
local currency long-term ratings to 'BB' and 'BB+' from 'BB-' and 'BB', respectively.

For additional details on the ratings action please see the press release by S&P: Ratings On Eight South
African Banks Raised Following Sovereign Upgrade; Outlooks Remain Positive

Johannesburg

19 November 2025

Debt sponsor to Absa Bank Limited:
Absa Bank Limited, acting through its Corporate and Investment Banking division

Date: 19-11-2025 10:31:00
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