ASA/ABSP - ABSA Group Limited/ ABSA Bank Limited - Reference to Barclays Plc
JSE ABSP ASA
ABSAB 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
(Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1986/004794/06
Incorporated in the Republic of South Africa
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 2012 Quarter One interim management statement on 26 April 2012.
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 relating to Barclays Group`s results:
"Income declined 4% to GBP830m driven by currency movements partially offset
by increased fees and commissions income in local currency. Credit
impairment charges decreased by 26% to GBP107m reflecting continued
improvement in delinquency trends and recoveries. Operating expenses reduced
by 5% to GBP548m driven by currency movements, with underlying cost growth
managed at lower than inflationary levels."
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
26 April 2012
Enquiries:
Alan Hartdegen
Head: Investor Relations
Tel: (+2711) 350 2598
Email: Alan.Hartdegen@absa.co.za
Lead Independent Sponsor
J.P. Morgan Equities Limited
Joint Sponsor
Absa Capital (the investment banking division of Absa Bank Limited,
affiliated with Barclays)
Date: 26/04/2012 09:59:01 Produced by the JSE SENS Department.
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