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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 accordance with paragraph 3.63 of the JSE Limited Listings 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
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. Award 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 2 April 2024). 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),
Officer Grant Date Award Type Shares at
Date Awarded subject to performance
Grant (ZAR)
(*note) targets (*note)
Arrie Rautenbach 2 April 2024 17 April 2024 Performance 110 046 154.48 16 999 906.08
Award
Chris Snyman 2 April 2024 17 April 2024 Performance 32 366 154.48 4 999 899.68
Award
Charles Russon 2 April 2024 17 April 2024 Performance 77 679 154.48 11 999 851.92
Award
Faisal Mkhize 2 April 2024 17 April 2024 Performance 48 549 154.48 7 499 849.52
Award
Cowyk Fox 2 April 2024 17 April 2024 Performance 29 129 154.48 4 499 847.92
Award
Geoffrey Lee 2 April 2024 17 April 2024 Performance 61 496 154.48 9 499 902.08
Award
Nadine Drutman 2 April 2024 17 April 2024 Performance 24 598 154.48 3 799 899.04
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
The number of shares under the Deferred Awards (in respect of short-term incentives paid for the 2023
financial year's performance, and as already set out in the Group's 2023 Remuneration Report) was fixed
with reference to the 20-day volume-weighted average price preceding 2 April 2024 (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
Officer Grant Date Award Type Shares
Date at Grant (ZAR) Date (ZAR)
Awarded
Arrie Rautenbach 2 April 2024 17 April 2024 Deferred Award 37 545 154.48 5 799 951.60
Chris Snyman 2 April 2024 17 April 2024 Deferred Award 10 519 154.48 1 624 975.12
Charles Russon 2 April 2024 17 April 2024 Deferred Award 38 839 154.48 5 999 848.72
Faisal Mkhize 2 April 2024 17 April 2024 Deferred Award 12 137 154.48 1 874 923.76
Cowyk Fox 2 April 2024 17 April 2024 Deferred Award 9 813 154.48 1 515 912.24
Geoffrey Lee 2 April 2024 17 April 2024 Deferred Award 13 848 154.48 2 139 239.04
Nadine Drutman 2 April 2024 17 April 2024 Deferred Award 5 825 154.48 899 846.00
Clearance to deal has been obtained for the above-mentioned transactions and all transactions were
executed off market.
Johannesburg
19 April 2024
Enquiries:
Alan Hartdegen – Head of Investor Relations
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: 19-04-2024 10:35:00
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