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ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - - Reference to ABSA Group in

Release Date: 28/04/2011 08:30
Code(s): JSE ABSP ASA
Wrap Text

ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - - Reference to ABSA Group in Barclays Plc interim management statement ABSA GROUP LIMITED ABSA BANK LIMITED (Incorporated in the Republic (Incorporated in the Republic of South Africa) of South Africa) (Registration number: (Registration number: 1986/003934/06) 1986/004794/06) ISIN: ZAE000067237 ISIN: ZAE000079810 JSE share code: ASA JSE share code: ABSP Issuer code: AMAGB (Absa Bank) (Absa Group) REFERENCE TO ABSA GROUP IN BARCLAYS PLC INTERIM MANAGEMENT STATEMENT Shareholders of Absa Group are advised that Barclays PLC ("Barclays") released its 2011 Quarter One interim management statement on 27 April 2011. The following excerpt from the abovementioned statement makes specific reference to Absa`s financial performance: "Absa profit before tax decreased 19% to GBP135m (2010: GBP167m). Favourable foreign exchange movements and the improved performance of the underlying business were offset by a GBP54m one-off credit in 2010 in relation to the Group`s recognition of a pension fund surplus. Excluding the one-off credit in 2010 profit before tax increased 19% driven by the impact of currency movements, income growth and significant improvements in impairment charges as a result of a continued improving economy. Operating expenses increased reflecting currency movements and inflationary pressures." Investors should note that this update includes the effects of currency translation from South African Rand into Pound Sterling and excludes the results of Absa Card and Absa Capital. It is prepared in terms of London Stock Exchange rules and Barclays accounting policies and includes Barclays consolidation adjustments. Johannesburg 28 April 2011 Enquiries: Alan Hartdegen Head: Investor Relations Tel: (+2711) 350 2598 Email: Alan.Hartdegen@absa.co.za Sponsor: JP Morgan Equities Limited Date: 28/04/2011 08:30:01 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.

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