| Mon 11 Feb 2008, 7:39 | | Absa Group And Absa Bank Trading Statement In |
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JSE ASA ABSP
ABSP AMAGB
ASA / ABSP - Absa - Absa Group And Absa Bank Trading Statement In
Respect Of The Year Ended 31 December 2007
ABSA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa)
(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)
ISIN Code: ZAE000067237 ISIN Code: ZAE000079810
JSE share code: ASA JSE share code: ABSP
Issuer code: AMAGB (Absa Bank or the Bank)
(Absa Group or the Group)
ABSA GROUP AND ABSA BANK TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 31
DECEMBER 2007
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited
(the JSE Listings Requirements), an issuer is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of certainty
exists that headline earnings per share and/or earnings per share for the next
period to be reported on are expected, with a reasonable degree of certainty, to
differ by at least twenty per cent (20%) from those of the previous
corresponding period.
Shareholders are accordingly advised that:
1. Absa Bank`s headline earnings per share and earnings per share for the year
ended 31 December 2007 are expected to be between twenty five per cent (25%) and
twenty eight per cent (28%) higher, compared with the year ended 31 December
2006.
2. Absa Group`s headline earnings per share and earnings per share for the
year ended 31 December 2007 are expected to be between fifteen per cent (15%)
and nineteen per cent (19%) higher, compared with the year ended 31 December
2006. The lower growth in earnings of the Group, relative to that of the Bank,
was as a result of lower investment earnings in the bancassurance operations.
This division sustained its earnings at the same level as the previous year.
The forecast financial results, on which this trading statement is based, have
not been reviewed or reported on by Absa Bank or Absa Group`s auditors in
accordance with paragraphs 3.4(b)(vi)(1)(aa) or 3.4(b)(vi)(1)(bb) of the JSE
Listings Requirements.
Absa Bank and Absa Group`s results for the year ended 31 December 2007 will be
released on SENS on 19 February 2008.
Johannesburg
11 February 2008
Enquiries
Eric Wasserman
Group Executive: Group Finance
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: +2711 350 5887, Fax: +2711 350 6487
e-mail: ericwas@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 11/02/2008 07:05:04 Produced by the JSE SENS Department.
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