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STANDARD BANK GROUP LIMITED - Trading statement in respect of the year ended 31 December 2012

Release Date: 21/02/2013 17:00
Code(s): SBK     PDF:  
Wrap Text
Trading statement in respect of the year ended 31 December 2012

Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond codes: SBS, SBK, SBN, SBR, ETN series SSN series and CLN series (all JSE
listed bonds issued in terms of The Standard Bank of South Africa Limited’s Domestic
Medium Term Note Programme and Credit Linked Note Programme)

Trading statement in respect of the year ended 31 December 2012


In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is
required to publish a trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that financial results for the next period to be reported on are expected to
differ by at least 20% from those of the previous corresponding period.

Standard Bank Group will be releasing its financial results for the year ended 31 December
2012 on the Stock Exchange News Service on Thursday, 7 March 2013.


Shareholders are advised that Standard Bank Group’s earnings per share on an
International Financial Reporting Standards and on a normalised basis are expected to be
between 19% and 23% higher than the comparative figures for the year ended 31 December
2011. This growth is largely as a result of the profit realised on the divestiture of a majority
stake in Standard Bank Argentina during the year, recognised in attributable earnings but
excluded from headline earnings. The group anticipates that normalised headline earnings
per share for the year ended 31 December 2012 will be between 8% and 12% higher than
the previous year.

Normalised earnings reflect the legal and economic substance of the group's Black
Ownership Initiative and of deemed treasury shares held for the benefit of Liberty Holding
Limited policyholders and to facilitate client trading activities.

Shareholders are advised that the financial information on which this trading statement is
based has not been reviewed and reported on by the group's external auditors.

Johannesburg
21 February 2013

Lead sponsor
The Standard Bank of South Africa Limited


Independent sponsor
Deutsche Securities (SA) Proprietary Limited


Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

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