ABSP - ABSA Bank - Postponement of the further iss
JSE ABSP
ABSP
ABSP - ABSA Bank - Postponement of the further issue of ABSA Bank preference
Shares
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
ABSA BANK LIMITED - POSTPONEMENT OF THE FURTHER ISSUE OF ABSA BANK PREFERENCE
SHARES
Absa Bank is considering the potential impact of the proposed changes to
secondary tax on companies and the introduction of a dividends tax on
shareholders, as described in Absa Bank`s detailed Sens announcement of earlier
today, with a view to addressing the impact of these changes on Absa Bank`s non-
cumulative non-redeemable preference shares. As a result, Absa Bank has decided
to postpone the issue of further preference shares, as announced on 20 February
2007, until further notice.
Enquiries
Carel Gronum
Head: Capital Management
Tel: (+2711) 350 8995;
e-Mail: carelg@absa.co.za
Jacques Schindehutte
Group executive director
Tel: (+2711) 350 4850
e-Mail: jacquessc@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital, a division of Absa Bank Limited
Johannesburg
27 February 2007
Date: 27/02/2007 15:50:01 Produced by the JSE SENS Department.
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