ABSA GROUP LIMITED – Dealing in securities

2019/04/15 11:50:00
SENS announcement for JSE listed company: ABG
                        

ABG 201904150021A
Dealing in securities

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 and the Company Secretary of the
Absa Group:

Share Value Plan (SVP)
Consistent with our policy on incentive awards to senior employees, each annual incentive award is
deferred 50% into the Share Value Plan (SVP) and 50% into the Cash Value Plan (CVP). The individual
has a choice to convert all or part of the CVP into SVP.

The number of shares under the 2019 SVP was fixed with reference to the 20-day volume-weighted
average price preceding 18 March 2019 (the grant date). This table sets out the deferred incentives
which were awarded into the SVP and granted to the executive directors and company secretary off
market. These shares will vest in three equal tranches, on the first, second and third anniversary of the
grant date. These awards have since been accepted on the date indicated below.

Number of Price of
Director/ Grant Acceptance % Election Total Value
Award Type Shares Shares at
Secretary Date Date into SVP (ZAR)
Awarded Grant (ZAR)

Jason Quinn 18/03/2019 12/04/2019 50% SVP SVP 2019 17,028 R173.18 R2,948,909

Peter Matlare* 18/03/2019 12/04/2019 100% SVP SVP 2019 31,786 R173.18 R5,504,699

Nadine Drutman 18/03/2019 12/04/2019 50% SVP SVP 2019 2,724 R173.18 R471,742

*Peter Matlare elected to convert his CVP award into SVP.

Clearance to deal has been obtained for the abovementioned transactions.

Johannesburg
15 April 2019

Enquiries:
Nadine Drutman
(+2711) 350-5347
E-mail: nadine.drutman@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
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Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)

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Date: 15/04/2019 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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