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NED - Nedbank Group - 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
The following statement is made with reference to paragraph 3.4 (b) of the
JSE Listings Requirements:
Nedbank Group experienced ongoing earnings momentum in the fourth quarter of
2011 underpinned by the group`s strategic focus areas of repositioning
Nedbank Retail, growing NIR, portfolio tilt and expanding our business in
the rest of Africa. Overall, this is expected to contribute to strong
earnings growth for 2011 in excess of the group`s medium-to long-term
financial target.
Consequently, shareholders are advised that diluted headline earnings per
share ("EPS") and diluted basic EPS for the year ended 31 December 2011 are
expected to be between 23% and 28% higher than the 1 069 cents per share and
1 050 cents per share respectively reported for the comparative period to
December 2010.
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 year ended 31 December 2011 will be released
on SENS on Wednesday, 29 February 2012.
Sandton
6 February 2012
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: 06/02/2012 09:00:17 Produced by the JSE SENS Department.
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