ASA/ABSP - ABSA Group/ABSA Bank - New role for ABSA`s Deputy Group Chief
JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - ABSA Group/ABSA Bank - New role for ABSA`s Deputy Group Chief
Executive
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 or Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
NEW ROLE FOR ABSA`S DEPUTY GROUP CHIEF EXECUTIVE
Absa Group advises that Louis von Zeuner, Deputy Group Chief Executive, will
move to a non-executive role effective 1 January 2013. As a non-executive
director, he will serve on the boards of Absa Group, Absa Bank and certain
subsidiaries. Mr von Zeuner will still devote 60% of his time to Absa and the
Barclays Group upon assuming this role.
This change is being announced well in advance of the move as part of the
managed succession process that Absa follows and to ensure that all stakeholders
are informed in a timely manner.
Mr von Zeuner will remain Deputy Group Chief Executive for the remainder of
2012. During this time he will also chair the newly established Africa Customer
and Africa Community Investment Committees. Mr von Zeuner will continue to chair
these committees after he becomes a non-executive director and will also assist
in mentoring young talent.
Teleconference
A teleconference will be held at 1:00 PM South African time to discuss the
change in Mr von Zeuner`s role. Kindly refer to the details below.
Johannesburg
1 February 2012
Enquiries: Investors and analysts
Alan Hartdegen
Head: Group Investor Relations
(+2711) 350-2598
E-mail: alan.hartdegen@absa.co.za
Enquiries: Media
Happy Ntshingila
Chief Marketing and Communications Officer
(+2711) 350-6449
(+2782) 994-0035
Sponsor
J.P. Morgan Equities Limited
Conference call details
A toll free telephone conference facility is available. Please dial in on the
number that relates to your country.
Country Access Number
South Africa - Johannesburg 011 535 3600
South Africa - Johannesburg Alternate 010 201 6616
South Africa - Cape Town 021 819 0900
South Africa - Durban 031 812 7600
South Africa (Toll-Free) 0 800 200 648
UK Toll-Free: 0 800 917 7042
Other Countries (Intl Toll) +27 11 535 3600
Playback Access Numbers
Country Access Number
South Africa (Telkom) 011 305 2030
USA and Canada (Toll) 412 317 0088
Other Countries (Intl Toll) +27 11 305 2030
UK (Toll-Free) 0 808 234 6771
Date: 01/02/2012 12:23:19 Produced by the JSE SENS Department.
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