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ABSA GROUP LIMITED - Discussion wiith ABSA Group Chief Executive

Release Date: 20/04/2021 09:01
Wrap Text
Discussion wiith ABSA Group Chief Executive

ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
Share Code: ABG
ISIN: ZAE000255915
Bond Issuer Code: ABGI
(“Absa Group” or “Group”)


ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
JSE share code: ABSP
ISIN: ZAE000079810
Bond Issuer Code: BIABS
(“Absa Bank”)


DISCUSSIONS WITH ABSA GROUP CHIEF EXECUTIVE

In response to press speculation, shareholders are advised that the boards of directors of Absa
Group and Absa Bank (“Boards”) and their Group Chief Executive, Mr Daniel Mminele, have been
engaged in various discussions surrounding his working relationship with the Boards. Mr Mminele
and the Boards are working on a suitable separation arrangement and a further announcement
will be published shortly after midday.

Johannesburg
20 April 2021


Enquiries:
Alan Hartdegen
+27 (0) 72 576 2713
E-mail: Alan.Hartdegen@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank - Corporate and Investment Bank




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Date: 20-04-2021 09:01:00
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