Payment of Final 2019 Ordinary Dividend Absa Group Limited Incorporated in the Republic of South Africa Registration number: 1986/003934/06 JSE share code: ABG ISIN: ZAE000255915 (“Absa Group”) PAYMENT OF FINAL 2019 ORDINARY DIVIDEND With reference to the Prudential Authority’s Guidance Note 4/2020, dated 6 April 2020, shareholders are advised that Absa Group will pay a final ordinary dividend of 620 cents per ordinary share for the period ended 31 December 2019. We have consulted carefully with the Prudential Authority both before and after the issuance of Guidance Note 4/2020 and have clarified with the Prudential Authority that we should continue to pay our dividend declared on 11 March 2020. The Prudential Authority has confirmed that, where governance processes have reached a point where there is a legal obligation to pay dividends, banks should pay. We will, however, continue to carefully consider our capital and funding position and the guidance note of the Prudential Authority for the 2020 year. While the Board agrees with the need to conserve capital in the current environment, legal advice confirms that a dividend must be paid after having been declared and communicated. We also recognise that there are pensioners and other investors who have placed reliance on our dividend declaration. The final ordinary dividend for 2019 is payable to shareholders recorded in the register of members of the Company at the close of business on 17 April 2020. It will be subject to local dividends withholding tax at a rate of 20%. Shares will commence trading ex-dividend on 15 April 2020 and the payment date is 20 April 2020. Johannesburg 7 April 2020 Enquiries: Nadine Drutman (Group Company Secretary) Nadine.Drutman@absa.africa Tel: +27 11 350 5347 Independent lead sponsor to Absa Group: J.P. Morgan Equities South Africa Proprietary Limited Joint sponsor to Absa Group: Absa Bank Limited – Corporate and Investment Bank Date: 07-04-2020 04:28:00 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.