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ASA
AMAGB
ASA - ABSA GROUP LIMITED - Absa Group Trading Statement In Respect Of The
Year Ended 31 December 2006
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, Absa Group or the Group)
Absa Group Trading Statement In Respect Of The Year Ended 31 December 2006
In terms of the Listing Requirements of the JSE Limited (the JSE Listing
Requirements), a listed company is required to publish a trading statement
as soon as it becomes apparent that headline earnings per share and/or
earnings per share for the next period to be reported on are expected, with
a reasonable degree of certainty, to differ by at least twenty per cent
(20%) from those of the previous corresponding period.
Shareholders are advised that the Group`s headline earnings per share for
the twelve months ended 31 December 2006 are expected to increase by
between twenty per cent (20%) and twenty-four per cent (24%) compared with
the pro forma headline earnings per share of 954,8 cents per share for the
same period in 2005.
The Group`s earnings per share for the twelve months ended 31 December 2006
are expected to increase by between twenty-five per cent (25%) and twenty-
nine per cent (29%) compared with the pro forma earnings per share of 950,3
cents per share for the same period in 2005.
The operating environment remained favourable throughout the year. Signs of
a slowdown in advances growth only appeared towards the end of the year,
and impairments increased moderately. Earnings were also positively
impacted by the realisation of synergies from leveraging Barclays
expertise, by the sale of non-core operations and by the strong investment
markets.
The financial results on which this trading statement is based have not
been reviewed or reported on by Absa`s auditors.
The Group`s results for the twelve months ended 31 December 2006 will be
released on Sens on 20 February 2007.
Enquiries
Eric Wasserman
Group executive: Group Finance
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-5887; Fax: (+2711) 350-6487
e-Mail: ericwas@absa.co.za
Issued by:
Jacques Badenhorst
Head: Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-4061; Fax: (+2711) 350-6487
e-Mail: jacques.badenhorst@absa.co.za
Lead sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Co-sponsor:
Absa Capital, a division of Absa Bank Limited
Johannesburg
19 January 2007
Date: 19/01/2007 17:05:01 Produced by the JSE SENS Department.
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