ABSA GROUP LIMITED - Dealings by executive director and prescribed officer of Absa Group

Dealings by executive director and prescribed officer 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 EXECUTIVE DIRECTOR AND PRESCRIBED OFFICER 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 an executive director and prescribed officer of
Absa Group:

1.    Absa Group Share Incentive Plan (SIP) – Long-Term Performance Award (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 2023), measured
over a three-year performance period. Awards will vest on 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 2 September 2024). The Awards were granted as set out in the table
below, and have since been accepted on the date indicated below.

                                                                                                                          On Target value
                                                                                             Number         Price of
  Director/                                                                                                                 at award date
                                                                                            of Shares      Shares at
 Prescribed            Grant Date           Acceptance Date            Award Type                                          (ZAR), subject
                                                                                            Awarded          Grant
   Officer                                                                                                                to performance
                                                                                             (*note)         (ZAR)
                                                                                                                           targets (*note)
Deon Raju          2 September 2024        16 September 2024           Performance            12,421         161.01           1,999,905
                                                                          Award
Christine Wu       2 September 2024        16 September 2024           Performance            24,843         161.01           3,999,971
                                                                          Award


* Deon Raju was appointed as Group Financial Director and Christine Wu as Chief Executive: Everyday Banking (Prescribed Officer) with effect
  from 26 April 2024.


Clearance to deal has been obtained for the above-mentioned transactions and all transactions were
executed off market.

Johannesburg
18 September 2024

Enquiries:
Nadine Drutman
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)




                                                       
Date: 18-09-2024 04:42:00
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