ABSA BANK LIMITED - ASN324, ASN325 and ASN326 New Financial Instrument Listing

ASN324, ASN325 and ASN326 New Financial Instrument Listing

ABSA BANK LIMITED
(Registration number 1986/004794/06)

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN324, ASN325 and ASN326
notes” under its Master Structured Note Programme Memorandum.

Full Note details are as follows:

Index                                           Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                     28 March 2019
Issue Size                                       83,349
Issue Price (ZAR)                                1,000
Maturity Date                                    25 March 2024
JSE Long Code                                    ABMBSN324-25March2024
JSE Short Code                                   ABMBSN324
JSE Alpha Code                                   ASN324
ISIN                                            ZAE000271292
Sector                                           Specialised Securities
Sub – Sector                                     Investment Products



Full Note details are as follows:

Index                                            Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                     28 March 2019
Issue Size                                       12,606
Issue Price (ZAR)                                1,000
Maturity Date                                    25 March 2024
JSE Long Code                                   ABMBSN325-25March2024
JSE Short Code                                   ABMBSN325
JSE Alpha Code                                   ASN325
ISIN                                             ZAE000271318
Sector                                           Specialised Securities
Sub – Sector                                     Investment Products
Full Note details are as follows:

Index                                                Commerzbank Global Equity Risk Premia 15%RC ER Index
Listing Date                                         28 March 2019
Issue Size                                           4,004
Issue Price (ZAR)                                    1,000
Maturity Date                                        25 March 2024
JSE Long Code                                       ABMBSN326-25March2024
JSE Short Code                                       ABMBSN326
JSE Alpha Code                                       ASN326
ISIN                                                ZAE000271326
Sector                                               Specialised Securities
Sub – Sector                                         Investment Products



Other provisions

Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:

9.8     where such withholding or deduction is imposed on a payment to an individual and is required to be
         made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
         conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
         November 2000) on the taxation of savings income or any law implementing or complying with, or
         introduced in order to conform to, such directive; or

9.9      held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
         amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
         or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
         deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
         actually claimed and/or granted and/or allowed; or

9.10     in respect of any present or future taxes, duties, assessments or governmental charges of whatever
         nature which are payable otherwise than by withholding from payment of principal or interest, if any,
         with respect to such Note; or

9.11     where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
         occurs the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of the
         ownership, transfer or redemption of any Note.

If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to the Republic South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to
a Change in Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa
and/or to such other jurisdiction, authority or agency.”
Inward Listing. The Notes will be inward listed securities listed on the Financial Exchange in terms of the
authority granted by the Financial Surveillance Department of the South African Reserve Bank.



27 March 2019

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

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