Designed with you in mind

Personal Banking Employee Banking Solutions Designed with you in mind For more information on Employee Banking Solutions, additional value added services and employee discounts, visit the Employee Banking Solutions intranet site. It s about saving you more. Absa Bank Limited Reg No 1986/004794/06. Authorised Financial Services Provider. Registered Credit Provider. Reg No NCRCP7

What is important to you as an Absa employee? Personal growth? Opportunities for advancement? Salary? Benefits? An effective balance between work and life? A stimulating work environment? Support for the volunteer work you do? Maybe a combination of some of these things and more. Absa recognises that no two people have identical needs and priorities, so Absa s Employee Banking Solutions encompasses the choice and flexibility that you are looking for. That s also why Absa views the range of employee banking benefits as a combination of choices, designed to save you more with every product that you add. Why Employee Banking Solutions: Absa earns the business of our clients each and every day through caring service, trusted advice and quality financial products. As an employee, you are also a valued client. You can also benefit from our expertise the same way our clients do. No monthly credit card service fees and you receive a 10% discount on the debit interest charged on your credit card straight balance. WITHDRAWALS FREE TRANSFERS FREE INTERNET FREE This is also an opportunity for us to improve our own products and services from the inside out. That is why continued feedback is important to making this difference. You can now send comments and recommendations on how we can improve your Employee Banking Solutions experience. Click on the new Employee Banking Solutions intranet site and talk to us. Whether you are looking to arrange a loan, buy a home or travel abroad, Employee Banking Solutions can help you reach your financial goals. You have access to valuable discounts on a wide range of everyday banking, savings and investments and insurance products, reduced vehicle finance and bond interest rates and reduced home and car insurance premiums. The more you add, the more you save: quick facts. Preferential interest rates for Personal Loans, Vehicle and Asset Finance. Interest rate General consumer Employee Banking Pension Powered Home Loans to enable you to afford the home of your dreams. Free everyday banking on the primary account into which your salary or pension is deposited. Waiver of annual administration fees on Online Share Trading, plus discount on brokerage on Telephone Share Trading. Free digital services (Absa Internet, Cellphone and Telephone Banking, NotifyMe SMS service). Discounted Absa Rewards membership fees. 2

Employee Banking Solutions provides you with additional support tools to help you manage your financial affairs in a responsible way, allowing you to save on fees. International Banking travel products are commission-free. FREE! FREE! By offering Employee Banking Solutions to you, Absa provides you with additional support elements to help you manage your financial affairs in a responsible way, allowing you to save on fees. It s simple, the more you add to your banking combination, the more you can save. FREE! FREE! Discounted premiums on Absa Financial Services Short-term and Life Insurance products. Free Will drafting and safe custody plus 50% discount on Trust service fees. Who we are: To clients, Absa is where many South Africans put their trust for all their financial solutions and where people around the world, through Barclays, obtain specialised products and services. We believe in continually doing more for our clients, which drives us to keep improving the way we work with them and each other. To employees, Absa is where you and the people you work with can strive to be the best. Our commitment to diversity and inclusion and a strong culture of innovation, provides the foundation for everyone to succeed. An enriching employee experience through competitive compensation, flexible benefit programmes, training and career development opportunities and support for worklife effectiveness initiatives, all combine to make Absa a great place to work for. Staff specials ranging from special vehicle deals at selected dealerships to discounts and offers at selected stores and high-tech brands. You qualify for Employee Banking Solutions if: You re a permanent employee of the Absa Group. You re a pensioner with a valid pension number on the Absa pensioner payroll. You re a Barclays employee working on a South African contract on the Absa payroll. 3

Transactional No monthly service fees Free transactions Free Absa Internet Banking Transactional Banking: Enjoy free everyday banking on the transactional account in which your salary or pension is deposited, which results in savings on everyday benefits: Prime rate on overdraft facility Free NotifyMe SMS Free Cellphone & Telephone banking = SAVE! No monthly service fees. Free transactions at Absa branches, Absa ATMs, and in-store debit card purchases (a standard fee will be charged when using non-absa or Absa-supported ATMs and overseas transactions at ATMs and branches). Free Absa Internet, Cellphone and Telephone Banking services linked to the transactional account. Free NotifyMe SMS service and free CashSend. Islamic Banking offers employees an Islamic Cheque Account, Islamic Savings Account and Islamic Youth Savings Account (all Shari ah compliant), on which you receive the same transactional banking benefits as above (excluding overdraft facilities). Prime interest rate on an overdraft facility on your cheque account* *(subject to an affordability assessment). Staff Value Bundles: An Absa employee on a Staff Value Bundle will benefit in that their spouse or life partner will qualify for a 50% monthly fee discount on their specific Silver, Gold or Platinum Spouse Value Bundle (subject to qualifying criteria). The spouse or life partner will further receive all features and benefits that the Value Bundle offers. Please note that being on the Staff Value Bundle does not affect the benefit of having one product exempt from bank charges as per the Financing Benefits Policy. Spouse Value Bundles: Your spouse can also benefit by taking up a Spouse Value Bundle. They can choose to have a Value Bundle as their everyday bank account and continue to enjoy free banking benefits. Your spouse or life partner will qualify for all the features and benefits the Spouse Value Bundle has to offer. 50% discount on the monthly fees of their specific Silver, Gold or Platinum Spouse Value Bundle (subject to qualifying criteria). No monthly subscription fee for Absa Internet Banking, Cellphone Banking and Telephone Banking. FREE NotifyMe (SMS and e-mail) on their cheque account. FREE electronic payments including debit and stop orders. 4

Unlimited debit card point-of-sale purchases/withdrawals. FREE electronic balance enquiries and estatements. FREE electronic transfers between linked accounts. FREE prepaid top-up purchases. A number of free Absa ATM cash withdrawals and deposits and no out-of-bundle penalty fees. Roll over transactions - any unused transactions within the Value Bundle will roll over for 1(one) month. Free Lump Sum Death Benefit up to R20 000 (on the cheque account). Up to R20,00 monthly cash back on new or existing home loans; (excluding joint home loans and mortgage loan agreements not subject to the NCA). Up to R39,00 monthly cash back on new and existing Silver, Gold and Platinum Credit Cards. Absa Rewards Programme: Make your shopping life even better, just add Absa Rewards. A discounted fee of R10,00 per month when joining Absa Rewards. Earn up to 1% of your spend in Cash Rewards every time you use your Absa Debit, Cheque or Credit Card to pay for anything from fuel to food and everything in between* everywhere. Earn up to 10% additional Cash Rewards when you use your Absa Card at any of the Absa Rewards partners. As an Absa Rewards member, you automatically qualify for Bonus Benefits a service designed to save you time and money and generally make your life simpler. It s up to you what you want to spend your Cash Rewards on. You can redeem your Cash Rewards for cash on Absa Online, airtime, travel, shopping vouchers, invest it in a MoneyBuilder Account or donate it to charity. Call us directly on 0860 100 372 or call the Employee Banking Solutions Absa Digital Banking: Free Absa Internet, Cellphone, CB Lite and Telephone Banking services linked to your transactional account. Free NotifyMe SMS service and free CashSend. Call us directly on 08600 08600 or call the Employee Banking Solutions Islamic Banking transactional accounts also qualify for the Rewards benefits. Start earning Cash Rewards today. Visit www.absa.co.za/rewards. Call us directly on 0861 78 88 88 or call the Employee Banking Solutions * Excluding Garage Card fuel purchases, casinos, electronic fund transfers (EFTs) and foreign exchange transactions. 5

Borrowing Absa Rewards programme, make your shopping life even better, just add Absa Rewards. Credit Cards: Allows you more freedom to buy the things that you want, when you want them. Choose an option from Absa s range that best suits your needs. The credit card is issued with a personalised credit limit. No transaction fees on qualifying purchases. No monthly service fees on your credit card, linked secondary cards and/or Garage Cards. No fees on Absa ATM and branch cash withdrawals; and cash deposit fees. Absa Rewards is the best product, I get everyday savings that make a real difference to me and my family. Keketso Phakoe You pay a discounted transaction fee on all Garage Card transactions. You receive a 10% discount on the debit interest charged on your credit card straight balance. To make the most of your credit card and ensure that ATM cash withdrawal transactions are free, avoid non-absa ATMs (Saswitch and Absa-supported). Call us directly on 0861 462 273 or call the Employee Banking Solutions 6

Interest rate No initiation fee Employee Banking Personal Loans: Access Personal Loans at the prime interest rate, allowing you to receive extra cash for the things you need. Pay less interest and no initiation fee. Call us directly on 0860 100 372 or call the Employee Banking Solutions Vehicle and Commercial Asset Finance: Take advantage of the lowest interest rate on offer by Absa when you choose to finance your vehicle with Absa. You qualify for a discounted rate (the official rate as per the income tax act) on your vehicle finance, also known as the fringe benefit tax rate (repo rate + 1%). Select and structure your vehicle and asset finance to suit your needs. Value Added Products (VAP s): When buying your new car, you can add the following value added products with discounted premiums: Mechanical Breakdown Warranty covers your vehicle against mechanical failure and related costs. Extended Cover is a policy that pays the difference between the outstanding balance as at date of loss of asset and the payment of the underlying insurance company, any shortfall violation or small repairs. Credit Protection Cover provides you with cover on the debt owing to Absa in the event of your death, permanent disability, specified dread diseases, retrenchment or temporary disability. Comprehensive Short-term Insurance covers the asset against risks such as theft, hijacking, accident damage, hail damage and third-party liabilities. From time to time, Absa Vehicle and Commercial Asset Finance, in conjunction with car manufacturers, has some special staff offers for which you are eligible. This means you pay less interest, which reduces your monthly repayments and you can afford a better vehicle. Takaful short-term insurance, including AVAF Family Takaful (Credit Life), is also available (Shari ah compliant). When you are looking for the safest way to buy or sell a vehicle, Absa will help you facilitate your private deal and give you access to fully trained, Absa-accredited participating motor dealers. Islamic Vehicle and Commercial Asset Finance is also available, on which you receive the same AVCAF benefits as above. Call us directly on 0860 669 669 or call the Employee Banking Solutions Call us directly on 0860 669 669 or call the Employee Banking Solutions 7

An alternative way to help you purchase your dream home Home Loans: You qualify for a discounted rate (the official rate as per the income tax act) on your home loan, also known as the fringe benefit tax rate (repo + 1%). Finance your home for less. Repay your loan over 30 years or choose the preferred repayment term of 20 years. If you re working on a very tight budget, having a longer loan repayment term means you will repay less every month, but you will pay more interest in the long run. You save on bond registration fees and service fees. You are entitled to a 50% discount on bond registration fees if you make use of the Home Loan Preferred Performing Panel of Attorney Firms when registering your bond (new or further bond) or switching your existing bond from another financial institution to Absa. Save even more with the One Call Home Solution - a one-step call-in solution for all your home requirements and services courtesy of Home Loans. The One Call Home Solution offers a free removal co-ordination service and a free Household Facilitation service, whereby we contact the service providers and liaise with our partners on our client s behalf and help them save money with the exclusive offers and great discounts we have available. One Call Home Solution registered clients receive superior service and discounts and the use of One Call Home Solution is FREE. Pension Powered Home Loan: As a full-time employee contributing to the Pension Fund you have an option to apply for a Pension Powered Home Loan. It s an alternative way to fund your home purchase or improvements, where your pension value may be used as collateral for the loan. Your Pension Powered Home Loan can assist you in bridging a shortfall amount that you may not qualify for with a traditional mortgage loan. An affordable, quick and responsible way of borrowing money at the employee preferential rate. The Fund signs surety as co-principal debtor for the loan and your monthly repayments are deducted from your salary. The lower interest rate helps me pay my house off quicker! Nadia de Wet Call us directly on 0860 111 007 or call the Employee Banking Solutions 8

Protecting Short-term insurance: Extended Cover : Extended Cover is a credit shortfall insurance available with Absa vehicle financing agreements: 12,5% discount on premium. AbsaPlus Staff: AbsaPlus Staff is a personal lines insurance product available to all employees to protect your assets. Cover is available for vehicle, building, household goods and all risk items. Call us directly on 0860 106 237 or call the Employee Banking Solutions Significantly reduced premiums of up to 30% discount (premiums guaranteed at that level for three years provided no claim is made). Homeowner s Comprehensive Insurance (HOC): Insure your home for less = everyday savings. Get 5% discount on Homeowner s Comprehensive (HOC) insurance premiums. The HOC insurance is available as mortgage cover or direct cover for your home against loss or damage. HOC insurance protects your dwelling, outbuildings, swimming pool and other structures against fire, storms, floods, burst geysers, subsidence and landslips. Your monthly premiums are included in your monthly home loan instalment making it easier to manage payments. Takaful Comprehensive Home Owners Insurance is also available (Shari ah compliant). Call us directly on 0861 722 272 or call the Employee Banking Solutions Car hire is included automatically. Absa Assist offers you home disaster and motoring assistance. To help manage your finances, flat excess options are available to you. Call us directly on 0860 110 282 or call the Employee Banking Solutions Manage your finances Flat excess options available 9

Life@Ease insurance covers death, disability, critical illness, income protection and retrenchment all in one package. Life insurance: Credit Life (AVCAF): Access to AVCAF Credit Life insurance which covers the outstanding balance on your vehicle finance loan up to R1 million. Choose between a number of insurance cover plans to suit your personal circumstances: Plan A - credit life cover in the event of death: 33,33% discount on your monthly premiums. Plan B - credit life cover in the event of death and permanent or temporary disability: 34,38% discount on your monthly premiums. Plan C - credit life cover in the event of death, permanent/ temporary disability or dread disease: 37,50% discount on your monthly premiums. Plan D - credit life cover in the event of death, permanent/temporary disability, dread disease or retrenchment: 40,91% discount on your monthly premiums. Call us directly on 0860 105 629 or call the Employee Banking Solutions Life@Ease Death Benefit: Absa Life offers you a life insurance policy, which enables you to protect your estate or provide for the future of your dependants for up to R2 million. Life@Ease insurance covers death, critical illness, income protection, disability and retrenchment all in one package. It gives you the flexibility of selecting unique cover options, while still enjoying maximum benefits at full value for money. Life@Ease Death Benefit may be paid out early if you are diagnosed with a terminal illness. This gives you peace of mind knowing that you are able to provide for the wellbeing of your dependants. Benefit from discounts on Life@Ease premiums ranging from 6%. Further savings from the 50% reduction in commission by the adviser. The application process is simple: shorter application forms have been put in place and no medical questionnaire needs to be completed, only a short declaration of health. Plan A 33.33% discount Plan B 34.38% discount Plan C 37.50% discount Plan D 40.91% discount Call us directly on 0860 007 338 or call the Employee Banking Solutions = 10

Saving and Investing Wills and Trusts: You have access to the following Will services: Saving and Investing: Even savings come with savings. Free Wills drafting and safe custody (provided that Absa is the nominated executor). Employees and Absa pensioners with an asset value above R500,000 nominating an executor other than Absa, pay R2,300. A discount of 85% on executor s fees on gross estate value (maximum fee R 50 000 VAT Incl.) for estate administration services. If you need an account with instant access to your funds, open an Investment Advantage Account with a 0,4% deposit fee waiver. From time to time, the savings and investment team also has some special employee offers, for which you are eligible. Offers are also extended to Islamic Target Save Accounts. 50% discount on Trust services fees (spouses also qualify for discount). Islamic Wills, which are Shari ah compliant are also available with the same benefits as above. Call us directly on 0860 007 338 or call the Employee Banking Solutions Call us directly on 0860 111 515 or call the Employee Banking Solutions Investing in Unit Trust Funds / Absa Money Market Fund: Access a wide range of unit trust funds, thus you ll be able to find the right combination of investments to suit your needs. No initial charges on all Absa s unit trust funds including the Absa Money Market Fund. FREE Will 85 % discount on executor s fees 50 % discount on trust fees Call us directly on 0860 007 338 or call the Employee Banking Solutions Investing for your retirement: Absa Investment Management Services offers a range of discretionary investments as well as pre-retirement and post retirement solutions which means you ll be able to find the solution to suit your individual needs. No initial administration fees on lump sums, ad hoc additions and recurring contributions made via debit order. Call us directly on 0860 007 338 or call the Employee Banking Solutions 11

Travel Services Special rates for retired Absa employees: Absa offers exceptional interest rates on all Fixed-term deposits. The interest rates offered on the different deposit terms will vary according to market rates. You can receive the interest on your Fixed-term deposit monthly, quarterly, half-yearly, annually or at maturity, depending on the length of the deposit term. Visit your nearest branch for more information. Travel Services: No fees on foreign exchange requirements such as travellers cheques, foreign bank notes and Cash Passports (including the Cash Passport card activation fee). For transactions above R20,000 preferential exchange rates can help to reduce the cost of your holiday! Online Share Trading: You can buy or sell JSE-listed shares and exchange-traded funds (ETF s) on a secure online platform. Waiver of annual administration fee of R800 Online service. All Absa foreign exchange products are Shari ah compliant. Call us directly on 0860 151 151 or call the Employee Banking Solutions R800 Admin fee Waivered How and where can you access Employee Banking Solutions? Just by being an Absa employee or Absa pensioner your Client Information File (CIF) automatically recognises that you qualify for special discounts. You can apply for products and services via any of the Absa channels such as branch, digital channels and The Call Centre. You can also call the Employee Banking Solutions Line on 0860 695 463. Telephone Share Trading: If you prefer a more personal stockbroking service, a team of experienced and knowledgeable traders will gladly assist you. You are eligible for a discounted brokerage fee of 0,5% with a minimum of R100 per trade for Telephone Share Trading. Online access to Employee Banking Solutions: Find the latest Employee Banking Solutions discounts and products on the Employee Banking Solutions intranet site. Look out each month for discounts on various value added services. Call us directly on 0860 050 403 or call the Employee Banking Solutions 12

Financial Wellness: You also have access to a range of tools and programmes to help you maintain sound finances. You have easy access to a budgeting tool which you can use to create your own quick and easy budget or a more detailed monthly budget. You can also keep track of your actual income and spending and then use the comparison tool to see how good you are at sticking to your budget. Absa Financial Education (AFE) provides the intelligence and processes that assist you in effectively addressing decisions about your money management, asset accumulation, debt management and retirement provision. AFE provides and equips you with the appropriate knowledge and skills required to make informed financial decisions, including basic consumer rights and responsibilities and how to act on them. AFE contributes to your individual personal skills mastery through financial literacy and provides free, customised learning on Segment, Life Stage and Lifestyle. You can benefit from this in many ways. Decreased financial stress Mastering financial literacy as a personal skill and competency Increased financial knowledge Informed, knowledgeable and confident banking relationship Improved family security Improved retirement provision Debt management: In managing your debt effectively, the following principles are important: You should understand the difference between good debt (paying off a house that will increase in value) and debt to finance consumption (credit to buy consumables). You should have a debt management plan. This reminds you to pay off the small amounts first until you have paid off all your debt. You can contact an Absa debt management consultant to assist you with debt restructuring or debt consolidation. You should use your credit card wisely: You need to always keep up to date with your monthly credit card repayments. This will enable you to build up a good credit record. Having a good credit record makes it easier to qualify for bigger loans at better rates in the future. Only spend what you can afford according to your budget. 13

Some important financial concepts If you pay the full outstanding balance on your credit card every month, you won t pay any interest on qualifying purchases. This will also ensure that you have finance available when you have any kind of emergency. Don t exceed your credit limit. You could be charged extra interest for doing this. Use your budget facility to purchase higher ticket items and benefit from paying fixed instalments from 6 to 48 months. Interest rates on budget and straight transactions are charged at the same rate and are most likely lower than furniture or instalment sales. You enjoy the peace of mind that fixed instalments are debited, giving you control over your debt. Think very carefully before you increase the limit on your credit card. You must ensure that you will be able to cover the monthly repayment prior to requesting a limit increase. If you need additional credit you could consider increasing your credit card limit instead of applying for more expensive additional credit transactions or instalments sales. Absa Card will perform an affordability assessment to ensure that you are not over-indebted. If your debt levels become unmanageable and you need help, call the HRCC directly on 0860 369 369 and they will guide you on available resources for help. Fringe Benefit Tax rate, The official interest rate is determined by the South African Revenue Services (SARS) as periodically determined by the Minister of Finance. Where an employer offers a lower interest rate than the official interest rate to the employee concerned, this will result in a taxable fringe benefit to such employee. The official interest rate is linked to the repo rate and is equivalent to the repo rate plus 100 basis points. Staff Banking Solutions are designed to compliment every financial aspect of my life and the free electronic banking offer is just an added bonus. Michellene Moonsamy 14

Ten reasons to bank with Absa, promote Absa and ultimately make our brand no.1 in the hearts and minds of our clients. 1. With Absa, a local giant with international reach through Barclays, you are given more opportunity to develop your career path across borders. With access to global best practice financial trends and access to world-class product ideas and business processes. 2. Absa is a bank of scale, which helps us all deliver more. With a market capitalisation of R96,82 billion and 12,3 million customers, managing over 9 000 automated teller machines throughout South Africa and employing over 36 000 permanent staff, Absa has established a strong footprint in the South African market. 9. A collaborative environment aiming to exceed the needs of Absa customers. 10. Absa cares for its environment and the communities in which it operates in. 3. Absa is a transforming organisation which is geared towards growth in Africa. 4. South Africa s no.1 Banking Brand. 5. The opportunity is in the challenge. A career at Absa promises opportunity and challenge you are given an opportunity to be part of an organisation that is transforming the future of banking. 6. Absa offers you opportunities to accelerate your personal development with unparalleled career-building programmes. Savings on my cheque account adds up to hundreds of rands every year. Sandeep Pathak 7. Realise professional career aspirations under one roof including life insurance, financial advice, corporate and investment banking, cellphone banking and credit lending. 8. Work alongside talented people and collaborate with diverse teams of talented and driven people who are committed to delivering exceptional work. Terms and conditions apply. Employee banking policy applies. Credit products are subject to approval. 15