Sharenet Sites 
Sharenet Sites
Dealings by directors, prescribed officers and company secretary of Absa Group
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 the "Group")
DEALINGS BY DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY OF ABSA
GROUP
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised
that the following ordinary shares have been awarded to executive directors, prescribed officers, and the
company secretary of Absa Group:
1. Absa Group Share Incentive Plan (SIP) – Share Incentive Plan Performance Award/s
The Share Incentive Plan ("SIP") Long-Term Performance Award is designed to incentivise long-term
performance with vesting of awards, subject to fulfilment of a combination of financial and non-financial
Absa Group performance targets (as disclosed in the Group's Remuneration Report for (2024) measured
over a three-year performance period. Award will vest on or around the third anniversary of the grant date,
subject to the achievement of the performance targets, and continued employment requirements, as set
out in the SIP rules. Dividend equivalents may be added to the Awards at the vesting of an Award in terms
of the Share Incentive Plan Rules and will be paid to the extent that the shares vest.
The number of shares under the Award was fixed with reference to the 20-day volume-weighted average
price preceding the grant date (being 1 April 2025). The Awards were granted as set out on the table
below, and have since been accepted on the date indicated below.
Number of On Target value at
Price of
Acceptance Shares award date (ZAR),
Director/Officer Grant Date Award Type Shares at
Date Awarded subject to performance
Grant (ZAR)
(*note) targets (*note)
Charles Russon 1 April 2025 14 April 2025 Performance 80 575 186.16 14 999 842.00
Award
Deon Raju 1 April 2025 14 April 2025 Performance 59 088 186.16 10 999 822.08
Award
Faisal Mkhize 1 April 2025 14 April 2025 Performance 45 659 186.16 8 499 879.44
Award
Christine Wu 1 April 2025 14 April 2025 Performance 45 659 186.16 8 499 879.44
Award
Geoffrey Lee 1 April 2025 14 April 2025 Performance 45 659 186.16 8 499 879.44
Award
Yasmin Masithela 1 April 2025 14 April 2025 Performance 34 916 186.16 6 499 962.56
Award
Nadine Drutman 1 April 2025 14 April 2025 Performance 24 172 186.16 4 499 859.52
Award
Notes:
* The value and number of shares will vest, subject to the extent that the performance targets have been met.
2. Absa Group Share Incentive Plan (SIP) - Deferred Awards
The number of shares under the Deferred Awards (in respect of short-term incentives paid for the 2024
financial year's performance, and as already set out in the Group's 2024 Remuneration Report) was fixed
with reference to the 20-day volume-weighted average price preceding 1 April 2025 (the grant date). The
table below sets out the deferred short-term incentives which were awarded under the Deferred Award and
granted to the executive directors, prescribed officers and company secretary. Deferred Awards will vest
in three equal tranches, on or around the first, second and third anniversary of the grant date subject to the
rules of the SIP (as amended from time to time). Dividend equivalents may be added to the Deferred
Awards at the vesting of a Deferred Award tranche. The Deferred Award is subject to continued
employment at date of vesting.
These Deferred Awards have since been accepted on the date indicated below.
Number of
Acceptance Price of Shares Value at Award
Director/Officer Grant Date Award Type Shares
Date at Grant (ZAR) Date (ZAR)
Awarded
Charles Russon 1 April 2025 14 April 2025 Deferred Award 33 573 186.16 6 249 949.68
Deon Raju 1 April 2025 14 April 2025 Deferred Award 14 772 186.16 2 749 955.52
Faisal Mkhize 1 April 2025 14 April 2025 Deferred Award 10 071 186.16 1 874 817.36
Christine Wu 1 April 2025 14 April 2025 Deferred Award 8 594 186.16 1 599 859.04
Geoffrey Lee 1 April 2025 14 April 2025 Deferred Award 14 020 186.16 2 609 963.20
Yasmin Masithela 1 April 2025 14 April 2025 Deferred Award 30 081 186.16 5 599 878.96
Nadine Drutman 1 April 2025 14 April 2025 Deferred Award 4 834 186.16 899 897.44
Clearance to deal has been obtained for the above-mentioned transactions and all transactions were
executed off market and are direct beneficial.
Johannesburg
15 April 2025
Enquiries:
Alan Hartdegen – Head of Investor Relations
(+27 72) 576-2713
E-mail: alan.hartdegen@absa.africa
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)
Date: 15-04-2025 04:38:00
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.
