ABG Trading Statement for the year ended 31 December 2020 ABSA GROUP LIMITED Incorporated in the Republic of South Africa Registration number: 1986/003934/06 ISIN: ZAE000255915 JSE share code: ABG (Absa Group or the Group) TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 In accordance with section 3.4(b) of the JSE Listings Requirements, and updating Absa Groups trading statement published on 19 November 2020, shareholders are advised that there is more certainty regarding our financial results for the year ended 31 December 2020 and we are able to provide a narrower earnings range. Moreover, the trends set out in our previous trading statement remain relevant. Absa Groups IFRS headline earnings per share (HEPS) and earnings per share for the year ended 31 December 2020 are expected to decline by 55% to 60% from the 2019 comparatives of 1750.1 cents and 1717.6 cents, respectively. Normalised HEPS for the period is expected to decrease by 50% to 55% from the 1926.0 cents in 2019. The Group expects to release its financial results for the year ended 31 December 2020 on 15 March 2021. Johannesburg 19 February 2021 Enquiries: Alan Hartdegen (+27 72) 576-2713 E-mail: email@example.com Lead Independent Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Joint Sponsor: Absa Bank Limited (Corporate & Investment Bank) Editors Note: Normalised reporting Given the process of separating from Barclays PLC, Absa Group continues to report IFRS- compliant financial results and a normalised view. The latter adjusts for the consequences of the separation and better reflects its underlying performance. Date: 19-02-2021 10:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.