Issue of Equity

RNS Number:6430B
ABSA Bank Limited
07 August 2007

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 - PRIVATE PLACEMENT OF ABSA BANK PREFERENCE SHARES 
                          (ABSP PREFERENCE SHARES)


Investors are referred to Absa Bank's announcements dated 20 March 2007 and 1
August 2007 relating to the monthly ABSP preference share issuance programme.



Absa Bank is pleased to announce that, in terms of the private placement, 23 994
of ABSP preference shares, at an aggregate value of R21 304 272,60 were placed
at a price of R887,90 at an effective dividend rate of 73,85% of prime.



The JSE has granted Absa Bank a listing of the 23 994 additional ABSP preference
shares in the Specialist Securities - "Preference shares" sector with effect
from Tuesday, 7 August 2007. The ABSP preference shares will be allotted and
issued, against receipt of payment from their central securities depository
participants, to institutions who applied for preference shares, on Tuesday, 7
August 2007.



Johannesburg
6 August 2007



Enquiries
Carel Gronum
Group treasurer
Tel: [phone];
e-mail: [e-mail]



Issued by:
Peter Steyn
Head: Investor Relations
Absa Group Limited
Tel: [phone] Fax: [phone]
e-mail: [e-mail]



Sponsor:
Merrill Lynch South Africa (Proprietary) Limited


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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