ABSA GROUP LIMITED - Absa Group Limited Domestic Medium Term Note Programme

Absa Group Limited – Domestic Medium Term Note Programme

Absa Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1986/003934/06)
Bond Issuer Code: ABGI
("Absa Group")

Absa Group Limited – Domestic Medium Term Note Programme

Absa Group Limited ("Absa Group" ") announces the update and registration of its Domestic
Medium Term Note Programme (the "Programme") with the JSE Limited.

The Programme Memorandum dated 3 September 2021 relating to the Programme has been
amended to account for the following changes:

(i)     to increase the maximum aggregate principal amount of Notes that are capable of
        being issued under the Programme, from ZAR50 billion to ZAR110 billion;
(ii)    (ii) to account for regulatory developments which have come into effect following the
        enactment of the Financial Sector Laws Amendment Act, 2021, which amends the
        Financial Sector Regulations Act, 2017 (the FSR Act) and introduces South Africa's
        resolution regime (South Africa's Resolution Regime);
(iii)   pursuant to the coming into effect of South Africa's Resolution Regime, to:
        a. incorporate terms and conditions applicable to Flac instrument-qualifying notes;
           and
        b. as required in terms of Directive 5 of 2024 issued by the Prudential Authority in
           October 2024 (Directive 5), amend the terms and conditions of Tier 2 Notes and
           Additional Tier 1 Notes (and Unsubordinated Notes) to introduce contractual terms
           that recognise the Resolution Authorities statutory bail-in powers under the FSR
           Act and incorporate amendments to the terms and conditions of the Tier 2 Notes
           and Additional Tier 1 Notes to take into account other requirements articulated in
           Directive 5. Directive 5 repeals Guidance Note 6 of 2017.
(iv)    to provide for fall back language in the event of the cessation of JIBAR and introduction
        of ZARONIA and provisions that will allow for issuance of ZARONIA linked notes from
        inception;
(v)     to provide for Notes to be issued only as Registered Notes in accordance with the
        provisions of the Financial Markets Act, 2012 (previously Notes could be issued as
        Bearer Notes, Order Notes or Registered Notes); and
(vi)    to make provision for the Notes issued under the Programme to be listed on other
        South African Financial Exchanges in addition to the JSE.

For all Notes issued on or after 26 January 2026, the Programme Memorandum dated
3 September 2021 is superseded in its entirety by the Programme Memorandum dated
26 January 2026.

Additionally, Absa Group has issued a revised Risk Factors and Disclosures Schedule, which
includes details on its business profile, management and corporate governance, as well as
information on risk considerations relevant to an investment in the Notes. These disclosures
encompass, among others, risk factors specific to Absa Group.

The updated Programme Memorandum together with the revised Risk Factors and
Disclosures Schedule have been made available on Absa Group's website and may be
accessed via the following link: https://www.absa.africa/investor-relations/debt-investors/

For further information, please contact:
Deon Raju Financial Director and Debt Officer
Email: Deon.Raju@absa.africa
Tel: 011 350 4000

Date: 28 January 2026

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

Date: 28-01-2026 04:00:00
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.