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Distribution update
Irongate Group (JSE: IAP)
Comprising Irongate Property Fund I (IPF I, ARSN 162 067 736) and Irongate Property Fund II (IPF II, ARSN 644 081 309), established in Australia
and registered with ASIC as managed investment schemes
Operated by Irongate Funds Management Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity)
IPF I is registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2002
ISIN: AU0000046005
(IAP or the Fund)
SENS ANNOUNCEMENT
24 May 2021
Distribution update
Securityholders are referred to the announcement released on SENS on Wednesday, 5 May 2021
containing details of the final distribution declaration number 16.
As required by the JSE Listings Requirements, the Fund has entered into a forward exchange contract to
convert the Australian dollar (“AUD”) distribution to South African rand (“ZAR”) such that securityholders
are advised of the applicable exchange rate at least one week in advance of the last day to trade. This is in
line with the manner in which the Fund’s last distribution payment was made and will be applied to all
future distribution payments that the Fund makes.
Accordingly, securityholders are advised that the distribution has been converted from AUD to ZAR and
NZD to ZAR at an exchange rate of AUD 1.00: ZAR 10.86 and NZD 1:00: ZAR 10.07. The resulting
distribution is 49.21738 ZAR cents per security (pre withholding tax paid in Australia and corporate tax
paid in New Zealand) and 44.33910 ZAR cents per security (post withholding tax paid in Australia and
corporate tax paid in New Zealand) for the final distribution declaration number 16. The post withholding
tax distribution will be paid on Friday, 11 June 2021 as per the timetable set out in the announcement
released on SENS on Wednesday, 5 May 2021.
This announcement is applicable only to those securityholders whose securities are registered on the
Fund’s South African sub-register.
Johannesburg
Investment Bank and Sponsor
Investec Bank Limited
Date: 24-05-2021 08:37:00
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