ABSA GROUP LIMITED - Dealings by Directors of ABSA Group

Dealings by Directors of ABSA Group

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

DEALINGS BY DIRECTORS OF ABSA GROUP

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the
following ordinary shares have been awarded to Executive Directors of Absa Group:

Long Term Incentive Plan (LTIP) Award

The LTIP is designed to incentivise long-term performance with vesting of awards subject to fulfilment of
a combination of financial and non-financial Group performance targets. This LTIP award will vest in
three equal tranches on the Third, Fourth and Fifth anniversary of the grant date subject to the
achievement of the performance targets, and continued employment requirements as set out the the Plan
Rules. The number of shares under the 2019 LTIP was fixed with reference to the 20-day volume-
weighted average price preceding 18 March 2019, which was the award date determined by the Group
Remuneration Committee. The share awards in respect of the LTIP were granted to the executive
directors as set out in the table below. These awards have since been accepted on the date indicated
below.

                                                       Number of
                                                                                         Maximum value at award
                  Grant      Acceptance                  Shares    Price of Shares at
    Director                              Award Type                                       date (ZAR), subject to
                  Date          Date                    Awarded       Grant (ZAR)
                                                                                        performance targets (*note)
                                                         (*note)

Jason Quinn     18/03/2019   30/04/2019   LTIP 2019     86,615         R173.18                R14,999,985.70



Peter Matlare   18/03/2019   30/04/2019   LTIP 2019     84,449         R173.18                R14,624,877.82



   *Note: The value and number of shares will vest only when the full, stretched performance targets have
   been met or exceeded. A lower number of shares (resulting in a lower Rand value on vesting) will vest in
   the event that on-target performance is achieved. Vesting will only occur if a minimum threshold level of
   performance is achieved. The Group performance targets applicable to this award are set out in detail in
   our 2018 Remuneration Report, available online at www.absa.africa.

   Clearance to deal has been obtained for the abovementioned transactions.

   Johannesburg
   2 May 2019




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Enquiries:
Nadine Drutman
(+2711) 350-5347
E-mail: nadine.drutman@absa.africa

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

Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)




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