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 Page 1 of 2 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) Page 2 of 2 Date: 02/05/2019 01:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.