66ZZ Morgan St. 30

 

TIDM66ZZ 
 
RNS Number : 6606N 
Standard Bank of South Africa Ltd 
20 February 2009 
 

20 February 2009 - 07:25:16 
 
SBK - Standard Bank - Voluntary trading statement in respect of the year ended 
31 December 2008 
Standard Bank Group Limited 
(Incorporated in the Republic of South Africa) 
(Registration number 1969/017128/06) 
South African Share Code: SBK 
Namibian Share Code: SNB 
ISIN: ZAE000109815 
("Standard Bank" or "the group") 
 
Voluntary trading statement in respect of the year ended 31 December 2008 
Standard Bank's results for the year ended 31 December 2008 will be released on 
5 March 2009. Given the prevailing volatility of financial markets and in order 
to keep investors informed in these unusual circumstances, a voluntary trading 
statement is provided below. 
 
In October 2008, Standard Bank provided the market with financial results for 
the 9 months ended 30 September 2008. Despite the fourth quarter being extremely 
challenging the results for the year are nevertheless expected to be broadly in 
line with what was anticipated at that stage. The group expects that normalised 
headline earnings for the year ended 31 December 2008 will be between 5% and 10% 
higher than the previous corresponding period. 
 
Headline earnings per share and diluted headline earnings per share on a 
normalised and IFRS basis for the year ended 31 December 2008 are likely to be 
between 0% and 5% lower than the previous corresponding period, as a result of 
the additional shares issued to Industrial and Commercial Bank of China Limited 
in March 2008. Basic earnings per share, calculated on a normalised and IFRS 
basis is likely to range between 8% and 12% lower than the previous 
corresponding period. 
 
Normalised earnings reflect the legal and economic substance of the group's 
Black Ownership Initiative and deemed treasury shares held for the benefit of 
Liberty Life policyholders. 
 
The information contained in this announcement has not been reviewed or audited 
by the company's external auditors either in terms of paragraph 
3.4(b)(vi)(1)(aa) or 3.4(b)(vi)(1)(bb) of the JSE Listings Requirements. 
 
Johannesburg 
20 February 2009 
Independent sponsor 
Deutsche Securities (SA) (Proprietary) Limited 
Joint sponsor 
Standard Bank 
Date: 20/02/2009 07:25:16 Produced by the JSE SENS Department. 
 
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   END 
 
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