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Fri 13 Aug 2004, 11:32 Acceptance Of Options And Exercise Of Rights And O
ABSA Group Limited - Acceptance Of Options And Exercise Of Rights And Options   
  ABSA GROUP LIMITED                                                              
  (Incorporated in the Republic of South Africa)                                  
  (Registration number: 1986/003934/06)                                           
  (`Absa`)                                                                        
  JSE CODE: ASA                                                                   
  Issuer code: AMAGB                                                              
  ISIN CODE: ZAE000013389                                                         
  NOTICE OF ACCEPTANCE OF OPTIONS AND EXERCISE OF RIGHTS AND OPTIONS IN TERMS OF  
  PARAGRAPHS 3.63 TO 3.74 OF THE JSE LISTINGS REQUIREMENTS                        
  In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
  JSE Securities Exchange South Africa, notice is hereby given, as set out        
  below, that the following executive directors have accepted options and/or      
  exercised rights and options in respect of Absa ordinary shares held in terms   
  of the Absa Group Limited Share Incentive Scheme. The options are all indirect  
  beneficial holdings.                                                            
  Name of   Designation  Date of      Details of   Nature of    Option   Date of  
  director               transaction  options      transaction  strike   clearance
                                                                price,   to deal  
  where             
                                                                exerci            
                                                                sed               
  C         Absa Bank    10/08/04     65 000       Acceptance   N/A      10/08/04 
  Erasmus   Ltd                       options      of options.                    
            executive                 granted at                                  
            director                  4 873 cents                                 
                                      per share.                                  
  LL von    Absa Bank    10/08/04     26 000       Acceptance   5 024    10/08/04 
  Zeuner    Ltd                       options      of options                     
            executive                 granted at   and exercise                   
            director                  4 873 cents  of rights                      
  per share.   and options.                   
  IB        Absa Bank    11/08/04     10 000       Acceptance   5 040    11/08/04 
  Skosana   Ltd                       options      of options                     
            executive                 granted at   and exercise                   
  director                  4 873 cents  of rights                      
                                      per share.   and options.                   
  SF        Absa Group   12/08/04     300 000      Acceptance   5 051    12/08/04 
  Booysen   Chief                     options      of options                     
  Executive                 granted at   and exercise                   
                                      4 873 cents  of rights                      
                                      per share.   and options.                   
  Johannesburg                                                                    
  13 August 2004                                                                  
  Lead Sponsor                                                                    
  Merrill Lynch South Africa (Pty) Limited                                        
  Co-Sponsor                                                                      
  ABSA Corporate and Merchant Bank                                                
  Date: 13/08/2004 11:20:57 AM Produced by the JSE SENS Department                
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