Appointment of Independent Non-Executive Director Absa Group Limited Incorporated in the Republic of South Africa Registration number: 1986/003934/06 JSE share code: ABG ISIN: ZAE000255915 (“Absa Group”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In accordance with paragraph 3.59 (a) of the JSE Listings Requirements, shareholders are advised of the appointment of Professor Ihron Rensburg as independent non-executive director to the Board of Absa Group with effect from 1 October 2019. Ihron was Vice Chancellor and Principal of the University of Johannesburg (UJ) from 2006 to 2017. Prior to his position at UJ, Ihron worked for the South African Broadcasting Corporation (SABC) as Chief Executive: Strategic Corporate Services, and the Department of Education as Deputy Director General (where he was tasked to oversee and lead the development and implementation of the post-apartheid national education curriculum and policy). Ihron is currently the Chairman of the South African National Commission for UNESCO. He is also Senior Advisor to the Principal and Visiting Professor at Kings College, London. He has extensive strategy, policy development and organisational turnaround and merger experience, complemented by experience in engaging with government, business and civil society. Ihron holds a Doctor of Laws (Honoris Causa), PhD (International Development Education), MA (Political and Organisational Sociology), and Bachelor of Pharmacy. Johannesburg 27 September 2019 Enquiries: Nadine Drutman (Group Company Secretary) Nadine.Drutman@absa.africa Tel: 011 350 5347 Independent lead sponsor to Absa Group: J.P. Morgan Equities South Africa Proprietary Limited Joint sponsor to Absa Group: Corporate and Investment Bank, a division of Absa Bank Limited Date: 27/09/2019 10:28:00 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.