Nedbank Group - Trading Statement

RNS Number : 2639Y

Old Mutual PLC

20 February 2013

 



Ref 16/13

20 February 2013

Old Mutual plc

 

NEDBANK GROUP - TRADING STATEMENT

Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, released a trading statement today, 20 February 2013.

The following is the full text of Nedbank Group's announcement:

"The following statement is made with reference to paragraph 3.4 (b) of the JSE Listings Requirements:

Following the release of Nedbank Group's third quarter trading update on 29 October 2012, the group continued to perform well in the fourth quarter.

Consequently, shareholders are advised that headline earnings per share ("HEPS") and basic EPS ("EPS") for the year ended 31 December 2012 are expected to be between 18% and 23% higher than the 1 365 cents per share and 1 367 cents per share, respectively, reported for the comparative period to December 2011.

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 2012 will be released on SENS on Monday, 25 February 2013.

Sandton

20 February 2013"

Enquiries

External communications
Patrick Bowes	UK	[phone]
Investor relations
Kelly de Kock	SA	[phone]
Media
William Baldwin-Charles		[phone] [phone]

Notes to Editors

Old Mutual

Old Mutual is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Africa, the Americas, Asia and Europe.  Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

END

 

 

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