ABSA GROUP LIMITED - Appointment of Independent Non-Executive Director

Appointment of  Independent Non-Executive Director

Absa Group Limited
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
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 Ms Nonhlanhla Sylvia Mjoli-Mncube as an independent
non-executive director to the Board of Absa Group with effect from 15 October 2020.
Nonhlanhla will serve on the Absa Group Social and Ethics Committee and the Board
Finance Committee.

Nonhlanhla attended the Massachusetts Institute of Technology and Aspen Global
Leadership Institute, USA, and holds a master’s degree (Urban and Regional Planning)
from the University of Cape Town and a post-graduate certificate in Engineering Business
Management from Warwick University (UK).

She is the former economic advisor to the Presidency, former chairman of the National
Urban Reconstruction and Housing Agency and former deputy chair of the Construction
Industry Development Board. Nonhlanhla serves on the board and audit committee of
Zeder Investment Limited and has previously served on the boards of several other listed
companies including Capitec Bank, WBHO Construction, Cadiz Financial Services,
Tongaat Hulett and Pioneer Foods.


Johannesburg
13 October 2020

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: 13-10-2020 03:36:00
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