Appointment of Independent Non-Executive Director Absa Group Limited Incorporated in the Republic of South Africa Registration number: 1986/003934/06 Share code: ABG ISIN: ZAE000255915 (“Absa Group”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In accordance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are advised of the appointment of Ms Nonhlanhla Sylvia Mjoli-Mncube as an independent non-executive director to the Board of Absa Group with effect from 15 October 2020. Nonhlanhla will serve on the Absa Group Social and Ethics Committee and the Board Finance Committee. Nonhlanhla attended the Massachusetts Institute of Technology and Aspen Global Leadership Institute, USA, and holds a master’s degree (Urban and Regional Planning) from the University of Cape Town and a post-graduate certificate in Engineering Business Management from Warwick University (UK). She is the former economic advisor to the Presidency, former chairman of the National Urban Reconstruction and Housing Agency and former deputy chair of the Construction Industry Development Board. Nonhlanhla serves on the board and audit committee of Zeder Investment Limited and has previously served on the boards of several other listed companies including Capitec Bank, WBHO Construction, Cadiz Financial Services, Tongaat Hulett and Pioneer Foods. Johannesburg 13 October 2020 Enquiries: Nadine Drutman (Group Company Secretary) Nadine.Drutman@absa.africa Tel: 011 350 5347 Independent lead sponsor to Absa Group: J.P. Morgan Equities South Africa Proprietary Limited Joint sponsor to Absa Group: Corporate and Investment Bank, a division of Absa Bank Limited Date: 13-10-2020 03:36:00 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.