NED - Nedbank Group - Trading Statement

NED - Nedbank Group - Trading Statement                                         
NEDBANK GROUP LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010630/06                                             
JSE share code: NED                                                             
NSX share code: NBK                                                             
ISIN: ZAE000004875                                                              
(`Nedbank Group` or `the group`)                                                
NEDBANK GROUP - TRADING STATEMENT                                               
The following statement is made with reference to paragraph 3.4 (b) of the      
JSE Listings Requirements:                                                      
Nedbank Group experienced ongoing earnings momentum in the fourth quarter of    
2011 underpinned by the group`s strategic focus areas of repositioning          
Nedbank Retail, growing NIR, portfolio tilt and expanding our business in       
the rest of Africa. Overall, this is expected to contribute to strong           
earnings growth for 2011 in excess of the group`s medium-to long-term           
financial target.                                                               
Consequently, shareholders are advised that diluted headline earnings per       
share ("EPS") and diluted basic EPS for the year ended 31 December 2011 are     
expected to be between 23% and 28% higher than the 1 069 cents per share and    
1 050 cents per share respectively reported for the comparative period to       
December 2010.                                                                  
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 year ended 31 December 2011 will be released    
on SENS on Wednesday, 29 February 2012.                                         
Sandton                                                                         
6 February 2012                                                                 
Sponsors to Nedbank Group in South Africa:                                      
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital a division of Nedbank Limited                                   
Sponsor to Nedbank Group in Namibia:                                            
Old Mutual Investment Services (Namibia) (Pty) Limited                          
Date: 06/02/2012 09:00:17 Supplied by www.sharenet.co.za                     
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