Registration number: 1986/004794/06, Incorporated in the Republic of South Africa JSE share code: ABSP, ISIN: ZAE000079810 Bond Issuer Code: BIABS, ETN Issuer Code: ABSN1 and Hybrid Issuer Code: ABSH (“Absa Bank” or the “Company” or “Bank”) Summary consolidated results for the reporting period ended 31 December 2022 and preference share dividend declaration We are inspired by the people we serve and determined to be We are listed on the Johannesburg Stock Exchange (JSE) and a globally respected organisation of which Africa can be proud. have representative offices in Namibia, Nigeria and the United As a financial services provider, we play an integral role in the States, as well as securities entities in the United Kingdom, economic life of individuals, businesses, and nations. To this along with technology support in the Czech Republic. end, we offer a universal set of products and services across retail, business, wealth as well as corporate and investment We help create, grow and protect wealth through partnerships banking. in economic development, while playing a shaping role in Africa’s growth and sustainability. countries outlets* ATMs employees digitally active customers point-of-sale devices * Outlets include branches and sales centres. A normalised view of the 2022 annual results is provided At Absa, we want our Purpose to be at the heart of everything which adjusts for the consequences of the separation from we do – guiding our strategy, brand, culture and behaviour. Barclays PLC. This view better reflects the Bank’s underlying Over the past year, we have been on an immersive and performance. International Financial Reporting Standards (IFRS) inclusive journey to define our purpose statement, grounded compliant financial results will continue to be presented in what the world needs, what we have to offer, and what will as required by the Companies Act and the JSE Limited (JSE) make us proud as an organisation. In 2023, we will embed it in Listings Requirements and include a reconciliation between everything we do. the normalised and IFRS views. Increased 9.5% 2021 Increased 9.5% 2021 R64 074m IFRS R58 492m R64 016m Normalised R58 468m Increased 8.6% 2021 Increased 8.1% 2021 2 598.7 cents IFRS 2 392.6 cents 2 737.9 cents Normalised 2 532.9 cents Increased 7% 2021 Increased 6.2% 2021 2 523.8 cents IFRS 2 358.5 cents 2 662.9 cents Normalised 2 507 cents Increased 1% 2021 Increased 1.7% 2021 20 300 cents IFRS 20 100 cents 19 526 cents Normalised 19 191 cents Increased 9.6% 2021 Decreased 7.2% 2021 13.7% IFRS 12.5% 14.9% Normalised 13.9% Decreased 3.8% 2021 Decreased 3.2% 2021 57.9% IFRS 60.2% 56.6% Normalised 58.5% Increased 2.2% 2021 Increased 1.9% 2021 3.68% IFRS 3.60% 3.67% Normalised 3.60% Increased 40.7% 2021 3 509.58904 cents IFRS 2 494.10959 cents Gross loans and advances Deposits Stage 3 loans ratio to gross Common Equity Tier (Increased ) (Increased ) loans and advances 1 ratio (2021: 124.5%) (2021: R964.2bn) (2021: R974.1bn) (2021: 5.14%) (2021: 12.4%) This short-form announcement is the responsibility of the directors of Absa Bank The full year end report is available on the Company’s website, copies of the Limited. It is only a summary of the information in the full announcement. Any full announcement may also be requested at the Company’s registered office investment decisions by stakeholders should be based on consideration of the and the offices of the lead independent sponsor, at no charge, during office full announcement published on https://www.absa.africa/absaafrica/investor- hours on normal business days. relations/financial-results/and on the following JSE links: https://senspdf.jse.co.za/documents/2023/jse/issh/ABSH/Bank-FYE22. pdf 7th Floor, Absa Towers West, 15 Troye Street, Johannesburg, 2001 and https://senspdf.jse.co.za/documents/2021/jse/issb/BIABS/Bank-FYE22.pdf. Bank independent non-executive directors While this announcement is not audited, the consolidated annual financial S Moloko (Chairman), N Mjoli-Mncube (Lead Independent Director) statements from which the results are derived, were audited by PwC and KPMG, A Darko(1), (3), F Okomo-Okello(2), R Keanly, R van Wyk who expressed an unmodified opinion thereon. The full audit opinion, including T Abdool-Samad any key audit matters, is available at the following link https://www. Bank executive directors absa.africa/absaafrica/investor-relations/annual-reports/ as part of the A Rautenbach (Chief Executive Officer) Bank’s full annual financial statements which have been released on J Quinn (Financial Director) 13 March 2023. The annual financial statements and auditors’ report thereon (1) British (2) Kenyan (3) Ghanaian are available for inspection at the Company’s registered office. In compliance with the requirements of Strate, the electronic settlement and The Absa Bank preference shares have an effective coupon rate custody system used by the JSE Limited, the following salient dates for the of 70% of Absa Bank’s prevailing prime overdraft lending rate (prime rate). payment of the dividend are applicable: Absa Bank’s current prime rate is 10.75%. Last day to trade cum dividend Tuesday, 18 April 2023 Notice is hereby given that preference dividend number 34, equal to 70% Shares commence trading ex-dividend Wednesday, 19 April 2023 of the average prime rate for 1 September 2022 to 28 February 2023. Record date Friday, 21 April 2023 The dividend is payable on Monday, 24 April 2023, to shareholders of the Absa Payment date Monday, 24 April 2023 Bank preference shares recorded in the register of members of the Company at the close of business on Friday, 21 April 2023. Share certificates may not be dematerialised or rematerialised between The Board of Absa Bank confirm that the Bank will satisfy the solvency and Wednesday, 19 April 2023 and Friday, 21 April 2023, both dates inclusive. liquidity test immediately after completion of the dividend distribution and for On Monday, 24 April 2023, the dividend will be electronically transferred the next 12 months. to the bank accounts of shareholders. Based on the average prime rate, the preference dividend payable for the period On behalf of the Board 1 September 2022 to 28 February 2023 would indicatively be N Drutman 3 509.58904 cents per Absa Bank preference share. Company Secretary The dividend will be subject to dividends withholding tax at a rate of 20%. Johannesburg In accordance with paragraphs 11.17(a)(i) to (ix) and 11.17(c) of the JSE Listings Requirements, the following additional information is disclosed: 13 March 2023 › The dividend has been declared out of income reserves. Absa Bank is a company domiciled in South Africa. Its registered office is › The local dividend tax rate is twenty per cent (20%). 7th Floor, Absa Towers West, 15 Troye Street, Johannesburg, 2001. › The gross local dividend amount is 3 509.58904 cents per preference share for shareholders exempt from the dividend tax. Lead independent sponsor › The net local dividend for shareholders subject to withholding tax at a rate J. P. Morgan Equities South Africa Proprietary Limited of 20% amounts to 2 807.67123 cents per preference share. › Absa Bank currently has 4 944 839 preference shares in issue. Joint sponsor › Absa Bank’s income tax reference number is 9575117719. Absa Bank (Corporate and Investment Bank)