ABSA GROUP LIMITED - Trading Statement for the year ended 31 December 2020

            
ABG
Trading Statement for the year ended 31 December 2020

ABSA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 1986/003934/06
ISIN: ZAE000255915
JSE share code: ABG
(Absa Group or the Group)


TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020



In accordance with section 3.4(b) of the JSE Listings Requirements, and updating Absa Groups
trading statement published on 19 November 2020, shareholders are advised that there is more
certainty regarding our financial results for the year ended 31 December 2020 and we are able to
provide a narrower earnings range. Moreover, the trends set out in our previous trading statement
remain relevant.

Absa Groups IFRS headline earnings per share (HEPS) and earnings per share for the year
ended 31 December 2020 are expected to decline by 55% to 60% from the 2019 comparatives
of 1750.1 cents and 1717.6 cents, respectively. Normalised HEPS for the period is expected to
decrease by 50% to 55% from the 1926.0 cents in 2019.

The Group expects to release its financial results for the year ended 31 December 2020 on
15 March 2021.


Johannesburg
19 February 2021

Enquiries:
Alan Hartdegen
(+27 72) 576-2713
E-mail: alan.hartdegen@absa.africa

Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor:
Absa Bank Limited (Corporate & Investment Bank)




Editors Note:

Normalised reporting
Given the process of separating from Barclays PLC, Absa Group continues to report IFRS-
compliant financial results and a normalised view. The latter adjusts for the consequences of the
separation and better reflects its underlying performance.

Date: 19-02-2021 10:26:00
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