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Results of Annual General Meeting of Absa Group
Absa Group Limited
Registration number: 1986/003934/06
Incorporated in the Republic of South Africa
JSE share code: ABG
ISIN: ZAE000255915
Bond Issuer Code: ABGI
("Absa Group", "Group" or "Company")
RESULTS OF ANNUAL GENERAL MEETING OF ABSA GROUP
Shareholders are advised that, at the hybrid Annual General Meeting (AGM) of Absa Group held on Tuesday, 2 June
2026, all the ordinary and special resolutions as set out in the notice of the AGM dispatched to shareholders on
1 April 2026 were passed on a poll, by the requisite majorities.
Details of the results of the voting are as follows:
Total issued share capital: 894 376 907
Total number of shares present/ represented including proxies at the meeting: 693 658 627, being 77.56% of the total
votable shares.
% of
Abstain Issued
Title For % Against % %* Total Votes Capital*
Ordinary Resolution number 1: Re-
appointment of KPMG Inc as external
auditors 98.34% 1.66% 0.01% 693 553 108 77.55%
Ordinary Resolution number 2: Re-
appointment of
PricewaterhouseCoopers Inc as
external auditors 98.41% 1.59% 0.01% 693 553 358 77.55%
Ordinary Resolution number 3.1: Re-
election of director – Tasneem Abdool-
Samad 99.65% 0.35% 0.01% 693 553 358 77.55%
Ordinary Resolution number 3.2: Re-
election of director – Alison Beck 99.96% 0.04% 0.01% 693 553 358 77.55%
Ordinary Resolution number 3.3: Re-
election of director – Rose Keanly 89.72% 10.28% 0.01% 693 553 358 77.55%
Ordinary Resolution number 3.4: Re-
election of director – Fulvio Tonelli 99.65% 0.35% 0.01% 693 553 358 77.55%
Ordinary Resolution number 4.1:
Election of director – Paul Smith 99.94% 0.06% 0.01% 693 553 358 77.55%
Ordinary Resolution number 4.2:
Election of director – Brian Kennedy 99.64% 0.36% 0.01% 693 553 358 77.55%
Ordinary Resolution number 5.1:
Appointment of Group Audit and
Compliance Committee member –
Paul Smith 99.94% 0.06% 0.01% 693 553 358 77.55%
Ordinary Resolution number 5.2:
Appointment of Group Audit and
Compliance Committee member –
Tasneem Abdool-Samad 99.65% 0.35% 0.01% 693 553 358 77.55%
Ordinary Resolution number 5.3: Re-
appointment of Group Audit and
Compliance Committee member –
Zarina Bassa 99.97% 0.03% 3.46% 662 680 182 74.09%
Ordinary Resolution number 5.4: Re-
appointment of Group Audit and
Compliance Committee member –
Alison Beck 98.85% 1.15% 0.01% 693 553 358 77.55%
Ordinary Resolution number 5.5: Re-
appointment of Group Audit and
Compliance Committee member –
Peter Mageza 99.98% 0.02% 0.01% 693 553 358 77.55%
Ordinary Resolution number 5.6: Re-
appointment of Group Audit and 98.15% 1.85% 0.01% 693 553 358 77.55%
Compliance Committee member –
Fulvio Tonelli
Ordinary Resolution number 5.7: Re-
appointment of Group Audit and
Compliance Committee member –
Sindi Zilwa 99.95% 0.05% 0.01% 693 553 358 77.55%
Ordinary Resolution number 6.1:
Appointment of Social, Sustainability
and Ethics Committee member –
Fulvio Tonelli 99.92% 0.08% 0.01% 693 553 358 77.55%
Ordinary Resolution number 6.2:
Appointment of Social, Sustainability
and Ethics Committee member –
Nonhlanhla Mjoli-Mncube 99.97% 0.03% 0.01% 693 553 358 77.55%
Ordinary Resolution number 6.3:
Appointment of Social, Sustainability
and Ethics Committee member – Rose
Keany 95.32% 4.68% 0.01% 693 553 358 77.55%
Ordinary Resolution number 6.4:
Appointment of Social, Sustainability
and Ethics Committee member – Sindi
Zilwa 99.94% 0.06% 0.01% 693 553 358 77.55%
Ordinary Resolution number 6.5:
Appointment of Social, Sustainability
and Ethics Committee member –
Kenny Fihla 99.98% 0.02% 0.01% 693 553 358 77.55%
Ordinary Resolution number 7: Placing
the authorised but unissued ordinary
shares of the Company under the
control of the directors 94.48% 5.52% 0.01% 693 553 358 77.55%
Non-binding advisory vote 1:
Endorsement of remuneration policy 89.12% 10.88% 0.01% 693 550 908 77.55%
Non-binding advisory vote 2:
Endorsement of implementation report 56.63% 43.37% 0.01% 693 553 108 77.55%
Special Resolution number 1: Approval
of non-executive directors'
remuneration 98.07% 1.93% 0.01% 693 550 908 77.55%
Special Resolution number 2: General
authority to the directors to approve
repurchase of the Company's ordinary
shares 99.97% 0.03% 0.02% 693 505 378 77.54%
Special Resolution number 3: Financial
assistance for subscription of
securities – Section 44 of the
Companies Act 99.23% 0.77% 0.01% 693 551 158 77.55%
Special Resolution number 4: Financial
assistance to a related or inter-related
company – Section 45 of the
Companies Act 99.08% 0.92% 0.01% 693 551 158 77.55%
*Based on the total number of shares in issue
Notification of amendments to the Companies Act, relating to remuneration disclosure and approval requirements, was
issued on 22 May 2026 and these came into force with immediate effect. The Absa Group notice of AGM and
remuneration report were circulated to shareholders on 1 April 2026 and the remuneration resolutions were, therefore,
proposed as non-binding advisory votes. Our legal advice was that the AGM must be conducted in accordance with
the law prevailing at the time of distribution of the notice on AGM and, hence, the resolutions and non-binding advisory
votes were put to shareholders as set out in the notice.
As a result of there being more than 25% of the votes exercised against the non-binding advisory vote number 2,
shareholders will be invited to raise their concerns or recommendations on the remuneration implementation report.
Further details will be announced on Stock Exchange News Service of the JSE Limited in due course.
Johannesburg
2 June 2026
Enquiries:
Nadine Drutman (Group Company Secretary)
Nadine.Drutman@absa.africa
Tel: +27 11 350 5347
Sponsors:
Lead independent sponsor
J. P. Morgan Equities South Africa Proprietary Limited
Joint sponsor
Absa Bank Limited (Corporate and Investment Bank)
Date: 02-06-2026 01:57:00
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