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ASA/ABSP - ABSA Group Limited/ ABSA Bank Limited - Reference to Barclays Plc

Release Date: 26/04/2012 09:59
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 (Absa Group) ABSA BANK LIMITED (Incorporated in the Republic of South Africa) Registration number: 1986/004794/06 Incorporated in the Republic of South Africa 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 2012 Quarter One interim management statement on 26 April 2012. 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 relating to Barclays Group`s results: "Income declined 4% to GBP830m driven by currency movements partially offset by increased fees and commissions income in local currency. Credit impairment charges decreased by 26% to GBP107m reflecting continued improvement in delinquency trends and recoveries. Operating expenses reduced by 5% to GBP548m driven by currency movements, with underlying cost growth managed at lower than inflationary levels." 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 26 April 2012 Enquiries: Alan Hartdegen Head: Investor Relations Tel: (+2711) 350 2598 Email: Alan.Hartdegen@absa.co.za Lead Independent Sponsor J.P. Morgan Equities Limited Joint Sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays) Date: 26/04/2012 09:59:01 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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