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NOTICE OF REQUEST FOR WRITTEN CONSENT OF NOTEHOLDER IN RESPECT OF THE AMENDMENT OF THE APPLICABLE PRICING SUPPLEMENT RELATING TO ASC203 NOTES
ABSA BANK LIMITED
(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the Republic of
South Africa)
Bond Code: ASC203
ISIN No: ZAG000211715
NOTICE OF REQUEST FOR WRITTEN CONSENT OF NOTEHOLDER IN RESPECT OF THE AMENDMENT OF THE
APPLICABLE PRICING SUPPLEMENT RELATING TO ASC203 NOTES
1. Introduction
Absa Bank Limited, in its capacity as Issuer under the Absa Bank Limited Master Structured Note Programme (the
"Programme"), hereby gives notice to the Noteholder of the ASC203 Notes (the "Notes") of a request for Written
Consent in respect of proposed amendments to the Applicable Pricing Supplement, as per Annexure A to this notice
relating to the Notes, in accordance with Condition 17 (Amendments of these Conditions) of the Programme.
The Issuer proposes to amend the Applicable Pricing Supplement to facilitate the transition of the benchmark
reference rate applicable to the Notes from 3-Month JIBAR to Compounded ZARONIA (the “Benchmark Transition”).
2. Purpose of the Amendment
The proposed amendment is intended to align the Notes with the South African benchmark reform initiative and the
market transition from the Johannesburg Interbank Average Rate ("JIBAR") to the South African Rand Overnight
Index Average ("ZARONIA").
3. Summary of Approved Amendments
The proposed amendments to the Applicable Pricing Supplement include:
• Replacement of the existing benchmark reference rate of 3-Month JIBAR with Compounded ZARONIA;
• Amendment of the margin from 138 basis points to 154.19 basis points, to incorporate the fixed Credit
Adjustment Spread of 16.19 basis points;
• Adoption of a five business day Lookback Period; and
• Any ancillary, consequential, technical and administrative amendments required to give effect to the Benchmark
Transition.
4. Request for Written Consent
The Noteholder is hereby requested to consider and approve the Written Extraordinary Resolution set out below by
providing written consent in accordance with the provisions of the Programme Memorandum and the Applicable
Pricing Supplement.
5. Written Extraordinary Resolution
The Issuer requests the approval of the Noteholder by Written Extraordinary Resolution in accordance with Condition
17 (Amendments of these Conditions) of the Programme of the following extraordinary resolution.
IT IS HEREBY RESOLVED THAT:
The Noteholder approves the amendment and restatement of the Applicable Pricing Supplement relating to the
ASC203 Notes as per Annexure A to this notice; and authorises the Issuer to implement all ancillary, consequential,
technical and administrative amendments necessary or desirable to give effect to the forgoing amendments. to:
6. Documents Available
The amended and restated Applicable Pricing Supplement is attached as Annexure A hereto.
7. Consent
The Noteholder is requested to indicate its approval of the Written Extraordinary Resolution by signing and returning
the written consent to the Issuer.
8. Record Date
The Record Date for purposes of determining the Noteholder entitled to receive this Consent Request is 06 October
2026.
ANNEXURE A
For completion by the of Noteholder in terms of Condition 17 (Amendments of these Conditions).
CONSENT NOTICE
A. We refer to the Notice of Request for Written Consent of Noteholder in respect of the proposed amendment and
restatement of the Applicable Pricing Supplement relating to the ASC203 Notes dated on or about 13 October
2026.
B. Defined terms used in this Consent Notice shall bear the meanings given to them in the Programme
Memorandum, the Applicable Pricing Supplement and the Consent Request unless otherwise defined herein.
C. Th amended and restated Applicable Pricing Supplement is available for download at the link set out below:
[]
I/We currently hold _________________________________________________[insert Nominal Amount of
Notes held], being the holder of the ASC203 Notes issued under the Programme, hereby confirm:
1. I/We currently hold Notes with an aggregate Nominal Amount of ZAR _________________________ under
Instrument Code ASC203.
2. I/We hereby confirm our/my vote in respect of the Extraordinary Resolution proposed below by marking the
relevant column “For”, “Against” or “Abstain” below:
FOR AGAINST ABSTAIN
Extraordinary Resolution – THAT the
Noteholder approves the amendment and
restatement of the Applicable Pricing
Supplement relating to the ASC203 Notes
to: (a) replace references to 3-Month
JIBAR with Compounded ZARONIA; (b)
amend the margin from 138 basis points
to 154.19 basis points, to incorporate the
fixed Credit Adjustment Spread of 16.19
basis points; (c) adopt a five business day
Lookback Period; and (d) implement any
ancillary, consequential, technical and
administrative amendments required to
give effect to the Benchmark Transition.
06 October 2026
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 06/10/2026 11:39:00
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