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JSE   PPCAIC
 ACMB                                                                            
PPCAIC - Absa Bank Limited - Amendments to the terms and conditions of Share    
                        Instalment relating to the ordinary shares of PPC       
Absa Bank Limited                                                               
AMENDMENTS TO THE TERMS AND CONDITIONS OF SHARE INSTALMENT RELATING TO THE      
ORDINARY SHARES OF PRETORIA PORTLAND CEMENT COMPANY LIMITED (PPC)               
Following the announcement by the board of Pretoria Portland Cement Company     
Limited (PPC) whereby PPC declared a subdivision of 10 for 1, Absa Bank Ltd (the
Issuer) will amend the conditions of the warrant and share instalment listed    
below in the following way.                                                     
      Warrant                    PPCAIC                                         
      Type                       AC                                             
Expiry                     06 SEP 07                                      
      ISIN                       ZAE000089801                                   
      Previous Cover             1:1                                            
      New Cover                  1:10                                           
Previous Strike            19600                                          
      New Strike                 19600                                          
The effect of the abovementioned adjustment is to place the warrant and share   
instalment holders in the same position they would have been in had the         
subdivision not taken place. This adjustment will be effective from the 9 July  
2007.                                                                           
For further information contact                                                 
Absa Equity Derivatives                                                         
Tel:  (011) 221 9083/4/5                                                        
e-mail: derivatives@absa.co.za                                                  
Sponsor                                                                         
Absa Capital - Corporate Finance                                                
A division of Absa Bank Limited                                                 
Reg. No. 1986/004794/06"                                                        
Date: 20/06/2007 08:53:33 Produced by the JSE SENS Department.

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