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Tue 17 Aug 2004, 8:57 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  Nature       Option      Date of 
  director                 transaction  of       of           strike      Clear-  
                                        options  transaction  price,      ance    
  where       to deal 
                                                              exercised           
  LA van Dyk  Absa Bank    11/08/04     86 000   Acceptance   5 040       11/08/0 
              Ltd                       options  of options               4       
  executive                 granted  and exercise                     
              director                  at       of rights                        
              (alternate)               4 873    and options.                     
                                        cents                                     
  per                                       
                                        share.                                    
  WR          Absa Group   13/08/04     15 000   Acceptance   5 139       13/08/0 
  Somerville  Secretary                 options  of options               4       
  granted  and exercise                     
                                        at       of rights                        
                                        4 873    and options.                     
                                        cents                                     
  per                                       
                                        share.                                    
  Johannesburg                                                                    
  16 August 2004                                                                  
  Lead Sponsor                                                                    
  Merrill Lynch South Africa (Pty) Limited                                        
  Co-Sponsor                                                                      
  ABSA Corporate and Merchant Bank                                                
  Date: 17/08/2004 08:52:11 AM Produced by the JSE SENS Department                
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