Citigroup increases stake in Absa Group to over 5%

Absa Group announced that Citigroup has increased its interest in Absa Group's ordinary shares. Following this transaction, Citigroup's total holding in Absa Group's ordinary shares now amounts to 5.0659% of the total issued ordinary shares. This acquisition triggers reporting requirements under section 122(3)(b) of the Companies Act, No. 71 of 2008, and section 3.83(b) of the JSE Listings Requirements.

The board of directors of Absa Group confirmed receipt of the formal notification, form TRP121.1, from Citigroup. They accept responsibility for the information contained in the announcement and believe it to be true. As mandated by Section 122 of the Companies Act, the necessary notice has been filed with the Takeover Regulation Panel.

The announcement was released from Johannesburg on 2 September 2025. Enquiries can be directed to Alan Hartdegen. J.P. Morgan Equities South Africa Proprietary Limited serves as the lead independent sponsor, with Corporate and Investment Bank, a division of Absa Bank, acting as the joint sponsor to Absa Group.