Partial Redemption due to Credit Event - ASN181, ASN264, ASN310, ASN369 and ASN480 ABSA BANK LIMITED (Registration number 1986/004794/06) Bond Code: ASN181 ISIN No: ZAG000143090 Bond Code: ASN264 ISIN No: ZAG000152356 Bond Code: ASN310 ISIN No: ZAG000156431 Bond Code: ASN369 ISIN No: ZAG000162678 Bond Code: ASN480 ISIN No: ZAG000170333 (“the Notes”) Notice of Credit Event Notice is hereby given to all Noteholders of the Notes listed above which were issued under the Issuers’ Master Structured Note Programme (“MSNP”) that the Issuer has determined that an Obligation Default Credit Event has occurred in respect of Hema Bondco I BV which is one of the Reference Entities included in the A pplicable Pricing Supplements relating to the Notes. Interest will accordingly cease to accrue in respect of the portion relating to Hema Bondco I BV (the “Affected Portion”) from the 18th August 2020. The Calculation Agent will determine and deliver the relevant Deliverable Obligation(s) in respect of the Affected Portion minus Swap Costs. Under the terms of the Notes, the amount of the Notes equal to the Reference Entity Nominal Amount will be redeemed and delisted. Therefore the following redemptions will apply effective the 18th of September 2020. Capital Redemption Amount Outstanding After Amount Capital Redemption ASN181- ZAG000143090 R 666,666.67 R 46,666,666.65 ASN264- ZAG000152356 R 333,333.33 R 23,333,333.35 ASN310- ZAG000156431 R 733,333.33 R 52,800,000.01 ASN369- ZAG000162678 R 800,000.00 R 58,400,000.00 ASN480- ZAG000170333 R 1,666,66.67 R 123,333,333.33 16 September 2020 Debt Sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 16-09-2020 05:30:00 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.