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Investegate |Standard Bank Group Announcements | Standard Bank Group: 1Q21 ICBC Disclosure and operating update

Primarily comprises the ordinary dividends declared in March 2021. # The increase in other primarily relates to an increase in the statutory credit risk reserve, which has an equal and opposite reduction in retained earnings.     The group s performance in 1Q21, relative to the three months to March 2020 ( 1Q20 or the comparative period ), needs to be considered in the context of Covid-19. January and February 2020 were largely pre-Covid-19 . The group s performance in March 2020 was positively impacted by market volatility in terms of trading revenue but this was offset by the negative impact of the decline in market valuations, particularly Liberty Holdings Limited s ( Liberty ) Shareholder Investment Portfolio, and the IFRS 9 driven increase in credit charges based on the portfolio performance and the forward-looking assumptions used at the time.

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