ABSA BANK LIMITED - Changes to Absa Bank Board and Absa Group Board Committees

Changes to Absa Bank Board and Absa Group Board Committees

ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1986/003934/06)
ISIN: ZAE000255915
JSE share code: ABG
Bond issuer code: ABGI
("Absa Group" or "Group" or "Absa")

ABSA BANK LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/004794/06
Bond issuer code: BIABS
("Absa Bank" or "the Bank")


CHANGES TO ABSA BANK BOARD AND ABSA GROUP BOARD COMMITTEES

In accordance with paragraphs 6.71 of the Equity Listings Requirements and 6.42 of the Debt and
Specialist Securities Listings Requirements of the JSE Limited, shareholders are informed of the
following changes:

•    Paul Smith will become the chairman of the Group Risk and Capital Management
     Committee (GRCMC) on 1 July 2026.
•    Brian Kennedy will become the chairman of the Group Credit Risk Committee (GCRC) on
     1 July 2026.
•    Fulvio Tonelli, who was interim chairman of GRCMC and GCRC, and remains a member of
     those committees will become the chairman of the Group Audit and Compliance Committee
     (GACC) on 1 August 2026, succeeding Tasneem Abdool-Samad. She will retire from the
     Group Board at the end of January 2027 (having served nine years by then) but remains a
     member of the GACC until then.

Paul Smith and Fulvio Tonelli will join the Absa Bank Board on 1 July 2026, while Tasneem
Abdool-Samad will step off the Directors' Affairs Committee (DAC) and Absa Bank Board on 31
July 2026. Paul Smith will join the DAC on 1 July 2026.

Johannesburg
26 June 2026

Enquiries:
Nadine Drutman
E-mail: Nadine.Drutman@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Absa Group Joint Sponsor and Absa Bank Debt Sponsor:
Absa Bank - Corporate and Investment Bank

Date: 26-06-2026 11:23:00
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