NED
NED
NED - Nedbank Group Limited - Trading Statement
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(`Nedbank Group` or `the group`)
NEDBANK GROUP - TRADING STATEMENT
On 7 July 2011 the group advised that the board was satisfied that a reasonable
degree of certainty existed that diluted headline earnings per share (EPS) and
diluted basic EPS for the six month period ended 30 June 2011 would be at least
20% higher than the 475 cents per share and 474 cents per share respectively
reported for the comparative period to June 2010.
Further to that announcement and having strengthened portfolio impairments in
the current economic conditions, the board is now in a position to provide
further guidance.
Diluted headline EPS and diluted basic EPS for the six month period ended 30
June 2011 are expected to be between 23% and 28% higher than the 475 cents per
share and 474 cents per share respectively reported for the comparative period
to June 2010.
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 2011 will be released
on SENS on Monday, 1 August 2011.
Sandton
26 July 2011
Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital a division of Nedbank Limited
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Limited
Date: 26/07/2011 16:00:01 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
