NDBKY Nedbank Group Ltd (PK)

LONDON--Nedbank Group (NED.JO), a majority-owned South African banking subsidiary of Old Mutual (OML), said Thursday it continued to perform well in 2Q and has made good progress in delivering on its key strategic focus areas.

MAIN FACTS:

-The board is satisfied that a reasonable degree of certainty exists that diluted headline earnings per share and diluted basic EPS for the six months ended June 30 is expected to be between 21% and 26% higher than the 600 cents per share and 598 cents per share respectively reported for the comparative period to June 2011.

-Write to Mark Shapland at mark.shapland@dowjones.com

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