Absa Group director receives share scheme award

Absa Group announced an award of Trust Units to Kenny Fihla, its chief executive officer and executive director, under the Absa eKhaya Colleague Share scheme. This award, in accordance with the Absa Empowerment Trust (AET) or "Staff Trust," was made as part of the annual September awards to eligible employees.

Mr. Fihla was awarded 1,032 Trust Units, which commenced on September 1, 2025, with a notice of award date of September 30, 2025. The unit value of these Trust Units at commencement was ZAR100.17, resulting in a total value at commencement date of ZAR103,375. These awards are scheduled to vest on September 1, 2028, at which point participants will receive Absa Group shares.

The number of Trust Units awarded was determined based on the unit value on the grant date of September 1, 2025. The final number of shares to vest will be subject to the repayment of residual funding within the scheme and applicable taxes. Clearance for this off-market transaction with direct beneficial ownership has been obtained.