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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 compliance with paragraph 6.77 of the JSE Limited Listings Requirements and paragraph 6.45 of the
Debt and Specialist Securities Listings Requirements (the "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 ("Awards")
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 (2025) measured
over a three-year performance period. Awards 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 2026). The Awards were granted as set out in 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)
Kenny Fihla 1 April 2026 17 April 2026 Performance 84 292 237.27 19 999 962.84
Award
Deon Raju 1 April 2026 17 April 2026 Performance 59 004 237.27 13 999 879.08
Award
Sitoyo Lopokoiyit 1 April 2026 17 April 2026 Performance 72 701 237.27 17 249 766.27
Award
Faisal Mkhize 1 April 2026 17 April 2026 Performance 35 824 237.27 8 499 960.48
Award
Zaid Moola 1 April 2026 17 April 2026 Performance 63 219 237.27 14 999 972.13
Award
Nadine Drutman 1 April 2026 17 April 2026 Performance 18 965 237.27 4 499 825.55
Award
Note:
* 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
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The number of shares under the Deferred Awards (in respect of short-term incentives paid for the 2025
financial year's performance, and as already set out in the Group's 2025 Remuneration Report) was fixed
with reference to the 20-day volume-weighted average price preceding 1 April 2026 (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
Kenny Fihla 1 April 2026 17 April 2026 Deferred Award 46 992 237.27 11 149 791.84
Deon Raju 1 April 2026 17 April 2026 Deferred Award 21 863 237.27 5 187 434.01
Faisal Mkhize 1 April 2026 17 April 2026 Deferred Award 4 214 237.27 999 855.78
Zaid Moola* 1 April 2026 17 April 2026 Deferred Award 56 897 237.27 13 499 951.19
Nadine Drutman 1 April 2026 17 April 2026 Deferred Award 4 214 237.27 999 855.78
Note:
* The deferred short term incentive (STI) is in respect of partially replacing the 2025 STI that Zaid Moola forfeited at his former
employer.
3. Absa Group Share Incentive Plan (SIP) –Buyout Award
The number of shares under the Buyout Award (as a result of Sitoyo Lopokoiyit's appointment as the Chief
Executive of Absa Personal and Private Banking) was fixed with reference to the 20-day volume-weighted
average price preceding the employee`s start date. The table below sets out the Buyout Award which was
awarded under the Share Incentive Plan and granted to the Prescribed Officer. The Buyout Awards will
vest in relation to the scheduled vesting dates in the table below. Dividend equivalents may be added to
the Buyout Award 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.
Number of Price of Value at
Officer Acceptance Vesting date
Grant Date Award Type Shares Shares at Award Date
Date
Awarded Grant (ZAR) (ZAR)
Sitoyo Lopokoiyit 1 April 2026 17 April 2026 1 June 2026 Buyout Award 21 007 237.27 4 984 330.89
1 April 2026 17 April 2026 1 September 2026 Buyout Award 14 489 237.27 3 437 805.03
1 April 2026 17 April 2026 1 June 2027 Buyout Award 18 242 237.27 4 328 279.34
1 April 2026 17 April 2026 1 June 2028 Buyout Award 21 742 237.27 5 158 724.34
1 April 2026 17 April 2026 1 June 2029 Buyout Award 22 079 237.27 5 238 684.33
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Total 97 559 23 147 823.93
The necessary clearance to deal in the above securities in terms of the Requirements was obtained, all
transactions were executed off market and are direct beneficial.
Johannesburg
22 April 2026
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: 22-04-2026 11:34:00
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