Short-form an­nounce­ment: unau­dited con­sol­i­dated in­terim re­sults for the 6 months ended 31 Au­gust 2018

Business Day - - COMPANIES & MARKETS -

High­lights

– 11.7% ended fi­nan­cial in­crease 31 pe­riod Au­gust in 2018 dis­tri­bu­tion com­pared per share to the for cor­re­spond­ing the 6 months

– Net from as­set 31 Au­gust value per 2017 share to 31 in­creased Au­gust 2018 by 9.5% to R16.67 – Cer­ti­fied black own­er­ship of 53%

– Strong re­flec­tive like-for-like of strength prop­erty of un­der­ly­ing in­come prop­erty growth of port­fo­lio 7.8%

– at Weighted 28 Fe­bru­ary aver­age 2018 lease to 8.3 ex­piry years has at in­creased 31 Au­gust from 2018 7.9 years

– Fair value of fund ex­ceeds R10 bil­lion at 31 Au­gust 2018 – Agree­ments con­cluded to dis­pose of R265.3 mil­lion of non-core as­sets

– 67 664m2 of mod­ern lo­gis­tics prop­er­ties cur­rently un­der de­vel­op­ment be­tween South Africa and the United King­dom

– Suc­cess­fully raised R800 mil­lion in an over­sub­scribed book­build in June 2018

– Sig­nif­i­cant re­duc­tion in all-in aver­age fixed cost of debt from 7.99% at 28 Fe­bru­ary 2018 to 7.26% at 31 Au­gust 2018

– Awarded first-time is­suer na­tional scale rat­ings of A(ZA) and A1(ZA) for the long and short term re­spec­tively with the out­look ac­corded as ‘Sta­ble’

Equites is listed on the JSE Lim­ited as a Real Es­tate In­vest­ment Trust (“REIT”) and is the only spe­cial­ist lo­gis­tics prop­erty fund on the JSE. Equites share­hold­ers are re­ferred to the SENS an­nounce­ment pub­lished on 11 Oc­to­ber 2018 wherein share­hold­ers are ad­vised that the div­i­dend for the pe­riod is 68.12 cents per share which is 11.7% higher than the cor­re­spond­ing fi­nan­cial pe­riod.

This short-form an­nounce­ment is the re­spon­si­bil­ity of the di­rec­tors and is a sum­mary of the in­for­ma­tion in the full an­nounce­ment and does not con­tain full or com­plete de­tails. The full an­nounce­ment was re­leased on SENS on 11 Oc­to­ber 2018 and can be found on the com­pany’s web­site at www.equites.co.za. Copies of the full an­nounce­ment may also be re­quested at the reg­is­tered of­fices of Equites (14th Floor, Port­side Tower, 4 Bree Street, Cape Town, 8001) or through info@equites.co.za and the of­fices of the spon­sor, Java Cap­i­tal (6A Sandown Val­ley Cres­cent, Sand­ton, 2196), at no charge, dur­ing of­fice hours from Thurs­day, 11 Oc­to­ber 2018 to Thurs­day, 18 Oc­to­ber 2018. Any in­vest­ment de­ci­sion should be based on the full an­nounce­ment pub­lished on SENS and on the com­pany’s web­site. None of the in­for­ma­tion in this an­nounce­ment has been re­viewed or re­ported on by the com­pany’s au­di­tors.

Bounty Brands dis­tri­bu­tion cen­tre, Ep­ping, Cape Town

Pre­mier FMCG dis­tri­bu­tion cen­tre, Equites Park Lords View, Gaut­eng

Tri­ton Ex­press dis­tri­bu­tion cen­tre, Mead­owview Busi­ness Es­tate, Gaut­eng

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