|Shareholders are advised that Exemplar will be hosting an investor and analyst site visit on Thursday, 2 August 2018.|
During the site visit, a presentation will be made available to the investors and analysts in attendance regarding the Exemplar property portfolio.
The presentation contains no materially new information on Exemplar's current trading or future financial performance and will be available on the company's website (www.exemplarreit.co.za/#sens_announcements) on Thursday, 2 August 2018.
|Exemplar is a focused retail fund specialising in owning, internally managing and growing a portfolio of shopping malls typically in under-serviced, peri-urban townships and rural areas of South Africa. Exemplar holds, either directly or indirectly, a portfolio of 20 income generating properties and has secured a further three shopping centre development properties scheduled to be completed between April 2019 and October 2019. The property portfolio is valued at R5.5 billion, with a GLA of 365 235m? as set out in Annexure 7 of the full prospectus. |
The current property portfolio was acquired in a sequence of transactions prior to the company?s listing from, amongst others, the John McCormick Family Trust ("JMFT"). All the properties were developed by McCormick Property Development (Pty) Ltd. ("MPD"), a privately-owned property developer with a 35-year history in the sector, during which time a total of 62 such developments have been completed. MPD is wholly-owned by the JMFT. The JMFT will be the controlling shareholder of Exemplar on listing.