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ASA/ABSP - Absa Group Limited/Absa Bank Limited - Reference to Barclays

Release Date: 31/10/2011 11:06
Code(s): JSE ABSP ASA
Wrap Text

ASA/ABSP - Absa Group Limited/Absa Bank Limited - Reference to Barclays Plc interim management statement 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 Group or Absa) ABSA BANK LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1986/004794/06) ISIN: ZAE000079810 JSE share code: ABSP (Absa Bank) REFERENCE TO BARCLAYS PLC INTERIM MANAGEMENT STATEMENT Shareholders of Absa Group are advised that Barclays PLC (Barclays) released its 2011 Quarter Three interim management statement on 31 October 2011. Although it makes no specific reference to our financial performance, part of Absa Group is included in the Africa Retail and Business Banking segment Barclays disclosed in the statement. We draw shareholders` attention to the following excerpt from the abovementioned statement: "Profit before tax increased 13%, or 25% excluding a one off pension credit of GBP54m in 2010. Income showed growth of 5% driven by improved performance in South Africa. Impairment charges improved by 11% reflecting more stable economic conditions with improved retail collections and commercial recoveries. Operating expenses increased 7% primarily reflecting inflationary pressures in South Africa and non recurrence of a pension credit in 2010." Shareholders should note that Absa`s contribution to Barclays Africa Retail and Business Banking excludes Absa Card and Absa Capital, was prepared in terms of Barclays accounting policies and includes Barclays consolidation adjustments, so it does not reflect Absa Group`s performance for the period. Johannesburg 31 October 2011 Enquiries: Alan Hartdegen Head: Investor Relations Tel: (+2711) 350 2598 Email: Alan.Hartdegen@absa.co.za Sponsor: J.P. Morgan Equities Limited Date: 31/10/2011 11:06:02 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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