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OML - Old Mutual Plc - Trading Statement for Nedbank Group Limited OLD MUTUAL PLC ISIN CODE: GB0007389926 JSE SHARE CODE: OML NSX SHARE CODE: OLM ISSUER CODE: OLOML ("Old Mutual plc") Ref 72/11 Trading Statement for Nedbank Group Limited Old Mutual plc announces that its majority owned South African banking subsidiary Nedbank Group Limited ("Nedbank Group") made the following announcement today, 7 July 2011. "NEDBANK GROUP - TRADING STATEMENT The following statement is made with reference to paragraph 3.4 (b) of the JSE Listings Requirements that companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the results of the previous corresponding period. In February 2011 Nedbank Group reported it was well placed for earnings growth in the year ahead and that it remained on track to meet its medium-to long-term financial targets in 2013. In May 2011 the group reported that it had a good first quarter and made strong progress against its strategic objectives, resulting in ongoing improvement in performance, building on the momentum created in the second half of 2010. The group is pleased to report continued earnings and growth momentum. Accordingly, the board is satisfied that a reasonable degree of certainty exists that diluted headline earnings per share (EPS) and diluted basic EPS for the six month period ended 30 June 2011 will be at least 20% higher than the 475 cents per share and 474 cents per share respectively reported for the comparative period to June 2010. Further guidance will be provided as soon as there is a reasonable degree of certainty in terms of the extent of the expected improvement in performance. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed or reported on by the group`s auditors. Nedbank Group`s results for the six months ended 30 June 2011 will be released on SENS on Monday, 1 August 2011. Sandton 7 July 2011" Enquiries External Communications Patrick Bowes +44 (0)20 7002 7440 Investor Relations Aleida White +44 (0)20 7002 7287 Media William Baldwin-Charles +44 (0)20 7002 7133 Notes to Editors Old Mutual Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds under management, from core operations. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 7 July 2011 Sponsor Merrill Lynch South Africa (Proprietary) Limited Date: 07/07/2011 10:01:01 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.
