ASA - Absa Group - Batho Bonke Absa`s black Economic Empowerment Partner
ASA
AMAGB
ASA - Absa Group - Batho Bonke, Absa`s black Economic Empowerment Partner,
successfully raises third-party funding
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa or Absa Group)
BATHO BONKE, ABSA`S BLACK ECONOMIC EMPOWERMENT PARTNER, SUCCESSFULLY RAISES
THIRD-PARTY FUNDING
On 2 June 2009 Absa advised that it had provided a back-up funding facility to
Batho Bonke Capital (Proprietary) Limited (Batho Bonke) in order to facilitate
the option exercise by Batho Bonke into 36 649 300 Absa ordinary shares.
Shareholders are advised that Batho Bonke has successfully concluded and raised
third-party funding of R1 685,6 million from a consortium of financial
institutions, thereby allowing Batho Bonke to finance its purchase of 36,649,300
Absa ordinary shares by replacing the Absa back up facility from 1 September
2009. All conditions precedent have been fulfilled.
The raising of third-party funding will result in Batho Bonke having a
beneficial shareholding of 5,1% in Absa.
Johannesburg
28 August 2009
Sponsor:
J.P. Morgan Equities Limited
Enquiries: Investors and analysts
Nerina Bodasing
Head: Investor Relations
(+2711) 350-2598
(+2782) 940-7505
E-mail: Nerina.Bodasing@absa.co.za
Enquiries: Media
Happy Ntshingila
Group Executive: Group Marketing, Communications & Public Affairs
(+2711) 350-6449
(+2782) 994-0035
Date: 28/08/2009 12:00:02 Produced by the JSE SENS Department.
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