ASA/ABSP - Absa Group Limited/Absa Bank Limited - Reference to Barclays
JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - Absa Group Limited/Absa Bank Limited - Reference to Barclays
Plc interim management statement
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group or Absa)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
REFERENCE TO BARCLAYS PLC INTERIM MANAGEMENT STATEMENT
Shareholders of Absa Group are advised that Barclays PLC (Barclays)
released its 2011 Quarter Three interim management statement on 31
October 2011.
Although it makes no specific reference to our financial performance,
part of Absa Group is included in the Africa Retail and Business Banking
segment Barclays disclosed in the statement.
We draw shareholders` attention to the following excerpt from the
abovementioned statement:
"Profit before tax increased 13%, or 25% excluding a one off pension
credit of GBP54m in 2010. Income showed growth of 5% driven by improved
performance in South Africa. Impairment charges improved by 11%
reflecting more stable economic conditions with improved retail
collections and commercial recoveries. Operating expenses increased 7%
primarily reflecting inflationary pressures in South Africa and non
recurrence of a pension credit in 2010."
Shareholders should note that Absa`s contribution to Barclays Africa
Retail and Business Banking excludes Absa Card and Absa Capital, was
prepared in terms of Barclays accounting policies and includes Barclays
consolidation adjustments, so it does not reflect Absa Group`s
performance for the period.
Johannesburg
31 October 2011
Enquiries:
Alan Hartdegen
Head: Investor Relations
Tel: (+2711) 350 2598
Email: Alan.Hartdegen@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 31/10/2011 11:06:02 Produced by the JSE SENS Department.
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