ABSA GROUP LIMITED - Director Resignation

Director Resignation

Absa Group Limited
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
JSE share code: ABG
ISIN: ZAE000255915
(“Absa Group”)

DIRECTOR RESIGNATION

In accordance with paragraph 3.59(b) of the JSE Listings Requirements, shareholders
are hereby informed that Daniel Hodge, who has been on the Absa Group Board since
1 May 2017, has resigned from the Board with effect from 15 December 2020. Dan will
be joining Standard Chartered Bank from 18 January 2021 as the Group Treasurer. The
Board thanks Dan for his significant contribution and, in particular, to the Group Risk and
Capital Management Committee during the last three and a half years and wishes him
well in his new position.

Johannesburg
3 December 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 and Sponsor to Absa Bank:
Corporate and Investment Bank, a division of Absa Bank Limited

Date: 03-12-2020 02:55:00
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.