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ASA - ABSA Group Limited - ABSA Group - Basel II Pillar 3 Disclosure ABSA GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1986/003934/06) ISIN: ZAE000067237 JSE share code: ASA Issuer code: AMAGB (Absa or Absa Group) ABSA GROUP - BASEL II PILLAR 3 DISCLOSURE Absa, together with all registered banks, is required to comply with the Basel II Capital Accord (Basel II), effective 1 January 2008. Basel II is divided into three pillars, namely Pillar 1 (minimum capital requirements); Pillar 2 (supervisory review process) and Pillar 3 (market discipline). This announcement is made in accordance with the requirements of Pillar 3. The purpose of Pillar 3 is to complement the minimum capital requirements and the supervisory review process of Basel II. The minimum set of disclosure requirements is intended to allow market participants to assess key pieces of information on the scope of application, capital, risk exposures, risk assessment processes, and hence the capital adequacy of the institution. In accordance with Regulation 43(1)(e)(ii) of the regulations relating to banks, the minimum requirements of the quantitative information to be disclosed to the public on a quarterly basis are: - primary capital, including the primary capital adequacy ratio; - total capital, including the total capital adequacy ratio; - the components of capital; - the total required amount of capital and reserve funds; and - any risk exposure or other item that is subject to rapid or material change. The disclosure required semi-annually and annually is more comprehensive than the quarterly requirements as it encompasses both quantitative and qualitative information. The table below represents the consolidated regulatory capital position for the Absa Group as at 30 September 2009 (quarter 3, 2009). Absa Group 30 September 2009 R m
Qualifying capital Primary capital Share capital and reserves (Note 2) 47,358 Minority interest 1,247 Less: Deductions (3,209) Total primary capital 45,396 Secondary capital Debt instruments 11,611 General allowance for credit impairment, after deferred 66 tax: Standardised approach Less: Deductions (2,287) Total secondary capital (Note 3) 9,390 Total qualifying capital and reserve funds 54,785
Minimum required capital and reserve funds 37,692
Capital adequacy ratios (Note 4) Total capital adequacy ratio 14.17 Primary capital ratio 11.74 Notes: 1) The figures above have not been audited. 2) Share capital and reserves excludes unappropriated profits. The capital adequacy ratios disclosed in the annual and interim results presentations include unappropriated profits and are consequently higher. 3) During the quarter the primary capital increased pursuant to the execution of the Batho Bonke transaction which resulted in additional Tier 1 capital of R1.5bn (38 basis points). 4) The Absa Group board has approved capital levels (buffers) of 13% for the Total and 10% for the Tier 1 capital adequacy ratios (inclusive of unappropriated profits). Absa Group has complied with these internal capital levels over the reporting period. Johannesburg 16 November 2009 Enquiries: Mr. Carel Gronum - Group Treasurer (+2711) 350-8995 E-mail: carelg@absa.co.za Sponsor: J.P. Morgan Equities Limited Date: 16/11/2009 15:03:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
