JSE Sens

ABSA BANK LIMITED - New Financial Instrument Listing - ASN375 and ASN376

10 October 2019 - 14:44 PM
ASN375 ASN376
New Financial Instrument Listing - ASN375 and ASN376

(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the
Republic of South Africa)


The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED ASN375 and ASN376 note under
its Master Structured Note Programme Memorandum. Copies of the Master Structured Note Programme and Pricing
Supplements are available on the issuers website at absa.co.za/ss

Full Note details are as follows:

Index                                             Credit Suisse GEM 10% Risk Control (ER) Index
Listing Date                                      11 October 2019
Issue Size                                        39,004
Issue Price (ZAR)                                 1,000
Maturity Date                                     01 October 2024
JSE Long Code                                     ABMBSN375-01October2024
JSE Short Code                                    ABMBSN375
JSE Alpha Code                                    ASN375
ISIN                                              ZAE000278834
Sector                                            Specialised Securities
Sub  Sector                                      Investment Products

Full Note details are as follows:

Index                                             The Investec Developed Market Equity Premia (RC12%) Index
Listing Date                                      11 October 2019
Issue Size                                        36,612
Issue Price (ZAR)                                 1,000
Maturity Date                                     25 September 2024
JSE Long Code                                     ABMBSN376-25SEPTEMBER2024
JSE Short Code                                    ABMBSN376
JSE Alpha Code                                    ASN376
ISIN                                              ZAE000278842
Sector                                            Specialised Securities
Sub  Sector                                      Investment Products

Other provisions
Condition 9 titled Taxation in the section II-A of the Master Programme Memorandum titled Terms and
Conditions of the Notes is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:

9.8   where such withholding or deduction is imposed on a payment to an individual and is required to be
       made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
       conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
       November 2000) on the taxation of savings income or any law implementing or complying with, or
       introduced in order to conform to, such directive; or

9.9    held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
       amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
       or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
       deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
       actually claimed and/or granted and/or allowed; or

9.10   in respect of any present or future taxes, duties, assessments or governmental charges of whatever
       nature which are payable otherwise than by withholding from payment of principal or interest, if any,
       with respect to such Note; or

9.11    where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
        occurs the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of the
        ownership, transfer or redemption of any Note.

If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to the Republic South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to
a Change in Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa
and/or to such other jurisdiction, authority or agency.

10 October 2019

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 10/10/2019 02:44:00
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