ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - - Reference to ABSA Group in
JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - ABSA Group Limited/ABSA Bank Limited - - Reference to ABSA Group in
Barclays Plc interim management statement
ABSA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa)
(Registration number: (Registration number:
1986/003934/06) 1986/004794/06)
ISIN: ZAE000067237 ISIN: ZAE000079810
JSE share code: ASA JSE share code: ABSP
Issuer code: AMAGB (Absa Bank)
(Absa Group)
REFERENCE TO ABSA GROUP IN BARCLAYS PLC INTERIM MANAGEMENT STATEMENT
Shareholders of Absa Group are advised that Barclays PLC ("Barclays") released
its 2011 Quarter One interim management statement on 27 April 2011.
The following excerpt from the abovementioned statement makes specific
reference to Absa`s financial performance:
"Absa profit before tax decreased 19% to GBP135m (2010: GBP167m). Favourable
foreign exchange movements and the improved performance of the underlying
business were offset by a GBP54m one-off credit in 2010 in relation to the
Group`s recognition of a pension fund surplus. Excluding the one-off credit in
2010 profit before tax increased 19% driven by the impact of currency
movements, income growth and significant improvements in impairment charges as
a result of a continued improving economy. Operating expenses increased
reflecting currency movements and inflationary pressures."
Investors should note that this update includes the effects of currency
translation from South African Rand into Pound Sterling and excludes the
results of Absa Card and Absa Capital. It is prepared in terms of London Stock
Exchange rules and Barclays accounting policies and includes Barclays
consolidation adjustments.
Johannesburg
28 April 2011
Enquiries:
Alan Hartdegen
Head: Investor Relations
Tel: (+2711) 350 2598
Email: Alan.Hartdegen@absa.co.za
Sponsor:
JP Morgan Equities Limited
Date: 28/04/2011 08:30:01 Produced by the JSE SENS Department.
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