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SBK - Standard Bank Group Limited - No change statement, Notice of Annual

Release Date: 25/04/2012 08:00
Code(s): SBK
Wrap Text

SBK - Standard Bank Group Limited - No change statement, Notice of Annual General Meeting and Financial Information provided to Industrial and Commercial Bank of China Limited ("ICBC") Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) JSE share code: SBK NSX share code: SNB ISIN: ZAE000109815 ("Standard Bank Group" or "the group") No Change Statement, Notice of Annual General Meeting and Financial Information Provided to Industrial and Commercial Bank of China Limited ("ICBC") 1 No Change Statement Shareholders of the group ("shareholders") are advised that the annual financial statements of the group for the year ended 31 December 2011 as set out in the group`s annual integrated report, will be issued to shareholders on Wednesday, 25 April 2012 and contain no modifications to the audited results for the year ended 31 December 2011 which were published on Thursday, 8 March 2012 and subsequently issued to shareholders. The annual integrated report will be available on the investor relations website of Standard Bank Group on Wednesday, 25 April 2012 during the course of the morning. 2 Annual General Meeting The Annual General Meeting of shareholders will be held in the HP de Villiers Auditorium, Ground Floor, Standard Bank Centre, 6 Simmonds Street, Johannesburg on Thursday, 31 May 2012 at 09:30 to transact the business stated in the notice of the Annual General Meeting, which was issued together with the Integrated Report containing the annual financial statements of the group for the year ended 31 December 2011. The record date for shareholders to participate in and vote at the Annual General Meeting is Friday, 25 May 2012. Accordingly, the last day to trade to participate in and vote at the Annual General Meeting is Friday, 18 May 2012. 3 Financial Information Provided to ICBC Standard Bank Group is required to disclose to ICBC sufficient information to enable ICBC to equity account the group`s results on a quarterly basis. The following consolidated financial information, prepared on an International Financial Reporting Standards basis, is being provided to ICBC for purposes of ICBC`s equity accounting of Standard Bank Group`s results for the quarter ended 31 March 2012. Statement of changes in ordinary shareholders` equity for the period ended 31 March 2012 Rm Opening Earnings Other Balance at balance 1 attributable movements 31 March
January 2012 to ordinary for the 2012 shareholders period Ordinary 159 159 share capital Ordinary 17 576 197 17 773 share premium Foreign (606) (1 688) (2 294) currency reserves Translation (1 058) **(1 527) (2 585) reserve Cash flow 452 (161) 291 hedging reserve Retained 82 777 3 521 * (4 817) 81 481 earnings Empowerment (3 277) 37 (3 240) reserve and treasury shares Other 2 413 567 2 980 Total 99 042 3 521 (5 704) 96 859 ordinary shareholders` equity * Primarily comprises the cash component of the ordinary dividends declared 7 March 2012 ** The change in translation reserve principally arises from the translation impact on the group`s foreign net asset value of a R7.67 Rand / 1 US dollar exchange rate at 31 March 2012 compared to a rate of R8.09 at 31 December 2011. The information contained in this announcement regarding the group`s results for the quarter ended 31 March 2012 has not been reviewed by or reported on by the group`s auditors. Johannesburg 25 April 2012 Lead sponsor The Standard Bank of South Africa Independent Sponsor Deutsche Securities (SA) Proprietary Limited Date: 25/04/2012 08:00:04 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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