Dealing by Group Company Secretary
ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
JSE share code: ABG
(“Absa Group” or “the Group”)
DEALING BY GROUP COMPANY SECRETARY
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following ordinary
shares have been awarded to the Group Company Secretary:
Long Term Incentive Plan (LTIP) Award
The LTIP is designed to incentivise long-term performance with vesting of awards subject to fulfilment of a combination of
financial and non-financial Group performance targets. This LTIP award will vest on the Third anniversary of the grant date
subject to the achievement of the performance targets, and continued employment requirements as set out in the Plan Rules.
The number of shares under the 2019 LTIP was fixed with reference to the 20-day volume-weighted average price preceding
2 September 2019, which was the award date determined by the Group Remuneration Committee. The share award in
respect of the LTIP was granted as set out in the table below. The award has since been accepted on the date indicated
Number of Value of On- Number of Maximum value at
On-Target Target Stretch award date (ZAR),
Acceptance Shares at
Name Grant Date Award Type Shares Shares Shares subject to
Awarded Awarded Awarded performance
(*Note) (*Note) (*Note) targets (*Note)
02/09/2019 01/10/2019 LTIP 2019 R150.51 16 610 R2,499,971.10 24 915 R3,749,956.65
*Note: The value and number of shares will vest to the extent that the full, stretched performance targets have been met or
exceeded. A lower number of shares (resulting in a lower Rand value on vesting) will vest in the event that on-target
performance is achieved. Vesting will only occur if a minimum threshold level of performance is achieved. The Group
performance targets applicable to this award are set out in detail in our 2018 Remuneration Report, available online at
Clearance to deal has been obtained for the abovementioned transaction.
4 October 2019
(+27 11) 350-2598
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Absa Bank Limited (Corporate and Investment Bank)
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Date: 04/10/2019 10:15:00
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