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New Monetary Devices Itemizing – ASN565

ABSA BANK LIMITED
(Registration quantity 1986/004794/06)
Bond Code: ASN565
ISIN No: ZAG000174137

NEW FINANCIAL INSTRUMENTS LISTING

The JSE Restricted has granted monetary devices itemizing to ABSA BANK LIMITED “ASN565 NOTE” underneath its
ZAR40,000,000,000 Grasp Structured Word Programme Memorandum. Copies of the Grasp Structured Word
Programme can be found on the issuer’s web site at https://www.absa.africa/absaafrica/investor-relations/debt-
traders/.

Full Word particulars are as follows:

Instrument Sort: Floating Fee Word
Bond Code ASN565
Nominal Issued R1,000,000,000.00
Complete Notes in concern R 33,492,173,848.63 (Incl. ASN565)
Problem Value 100%
Coupon Fee three Month JIBAR plus 110bps
Coupon Fee Indicator Floating
Commerce Sort Value
Ultimate Maturity Date 17 Might 2021
Final Day to Register By 17:00 on 06 Might 2021
Books Shut Date(s) 07 Might 2021
Curiosity Fee Date(s) 17 Might 2021
Curiosity Willpower Date(s) 12 February 2021
Problem Date 12 February 2021
Date Conference Following
Curiosity Graduation Date 12 February 2021
First Curiosity Fee Date 17 Might 2021
ISIN No. ZAG000174137
Further Data Unsubordinated Unsecured

Different provisions

Situation 9 titled “Taxation” within the part II-A of the Grasp Programme Memorandum titled “Phrases and Situations of
the Notes” is amended in relation to this Tranche of Notes by (i) the alternative of the phrases after the sprint in Situation
9.three with the phrases “offered that this exception shall solely apply to that portion of the withholding or deduction which might
lawfully have been so decreased”, (ii) the deletion of Situation 9.eight and (iii) the insertion of the next extra
paragraphs instantly after Situation 9.7:

9.eight the place such withholding or deduction is imposed on a fee to a person and is required to be made
pursuant to European Council Directive 2003/48/EC (or some other directive implementing the conclusions of the
236th Financial and Monetary Affairs Council (ECOFIN) assembly of 26 and 27 December 2000) on the taxation
of financial savings earnings or any regulation implementing or complying with, or launched so as to conform to, such
directive; or

9.9 held by or on behalf of a Noteholder in circumstances the place such get together might lawfully scale back the quantity of
taxation in any other case levied or leviable upon the principal or curiosity by advantage of any tax treaty or non-South African
tax legal guidelines relevant to such Noteholder, whether or not by means of a tax credit score, rebate deduction or discount equal to all
or a part of the quantity withheld or in any other case, and whether or not or not it's truly claimed and/or granted and/or
allowed; or

9.10 in respect of any current or future taxes, duties, assessments or governmental expenses of no matter nature which
are payable in any other case than by withholding from fee of principal or curiosity, if any, with respect to such Word;
or

9.11 the place any mixture of the eventualities or occurrences contemplated in Situations 9.1 to 9.10 above happens, the
Issuer just isn't chargeable for or in any other case obliged to pay any taxes that June come up on account of the possession, switch
or redemption of any Word.

If the Issuer turns into topic typically at any time to any taxing jurisdiction, authority or company apart from or as well as
to South Africa, references in Situations eight.2 (Redemption for Tax Causes or as a result of a Change in Legislation) and 9 (Taxation)
to South Africa shall be learn and construed as references to South Africa and/or to such different jurisdiction, authority or
company.”

11 February 2021

Debt Sponsor
Absa Company and Funding Financial institution, a division of Absa Financial institution Restricted

Date: 11-02-2021 03:30:00
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