OLD MUTUAL LIMITED - Nedbank Group - Trading Statement

Nedbank Group - Trading Statement

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
("Old Mutual")

Ref 26/18
26 July 2018




NEDBANK GROUP – TRADING STATEMENT


Nedbank Group Limited (“Nedbank Group“), the majority-owned South African banking
subsidiary of Old Mutual Limited, released a trading statement today, 26 July 2018.


The following is the full text of the Nedbank Group’s announcement:


“NEDBANK GROUP – TRADING STATEMENT


The following statement is made with reference to paragraph 3.4 (b) of the JSE
Listings Requirements that requires companies to publish a trading statement as soon
as they are satisfied that there is a reasonable degree of certainty that the
financial results for the period to be reported on next will differ by at least 20%
from the results of the previous corresponding period.


Nedbank Group delivered a strong performance in the first half of 2018 assisted by
our share of associate income from ETI as it returned to profitability, while managed
operations delivered positive earnings growth in line with our expectations.


The Nedbank Group board is satisfied that there is a reasonable degree of certainty
that headline earnings per share (HEPS) and basic earnings per share (EPS) for the
six-month period ended 30 June 2018 will be as follows:


HEPS of between 1 350,5 cents and 1 405,4 cents, which is between 23% and 28% higher
than the
1 098 cents per share reported for the six months to 30 June 2017; and


Basic EPS of between 1 344,4 cents and 1 399,0 cents, which is between 23% and 28%
higher than the 1 093 cents per share reported for the six months to 30 June 2017.


Shareholders are advised that 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 six months ended 30 June 2018 will be released on
the JSE Stock Exchange News Service on Tuesday, 7 August 2018.”



JSE Sponsor:            Merrill Lynch South Africa (Pty) Limited


Namibia Sponsor:   PSG Wealth Management (Namibia) (Proprietary) Limited



Notes to Editors


About Old Mutual Limited


Old Mutual is a premium African financial services group that offers a broad spectrum
of financial solutions to retail and corporate customers across key markets segments
in 17 countries. Old Mutual's primary operations are in South Africa and the rest
of Africa, and it has niche businesses in Latin America and Asia. With over 170
years of heritage across sub-Saharan Africa, we are a crucial part of the communities
we serve and broader society on the continent.


For further information on Old Mutual, and its underlying businesses, please visit
the corporate website at www.oldmutual.com.




LEI: 213800MON84ZWWPQCN47

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