ORION REAL ESTATE LIMITED - Correction announcement re the comparative HEPS and diluted HEPS figures for year ended 30 June 2015

Correction announcement re the comparative HEPS and diluted HEPS figures for year ended 30 June 2015

ORION REAL ESTATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/021085/06)
Share Code: ORE ISIN: ZAE000075651
("Orion Real Estate" or “the company”)


CORRECTION ANNOUNCEMENT REGARDING THE COMPARATIVE HEADLINE EARNINGS PER
SHARE AND DILUTED HEADLINE EARNINGS PER SHARE FIGURES FOR THE YEAR ENDED 30 JUNE
2015


An error was made in the comparative information in preparing the Group’s condensed
unaudited interim financial results announcement for the six months ended 31 December
2015 published on 30 March 2016.

The comparative Headline Earnings per Share and Diluted Headline Earnings per Share
figures for the year ended 30 June 2015 were incorrectly reported as 17.52 cents and 17.51
cents respectively.     These figures were correctly reported in the audited results
announcement published on 29 September 2015. The correct comparative figures for
30 June 2015 are contained in the Earnings per share table below:

                                               Unaudited            Unaudited
                                          6 months ended       6 months ended           Audited
                                             31 December          31 December        year ended
                                                    2015                 2014      30 June 2015


Earnings per share
Basic earnings per share (cents)                    0.80                 0.66             17.52
Diluted earnings per share (cents)                  0.80                 0.66             17.51
Headline earnings/(loss) per share                  0.80                 0.75             (0.57)
Diluted
(cents) headline earnings/(loss) per
share (cents)                                       0.80                 0.58             (0.57)
Weighted average shares in issue             627 009 822          627 009 822         627 009 822

Shareholders are further advised that the results published on 30 March 2016 were presented
in accordance with SAICA Financial Reporting Guides.

JOHANNESBURG
15 April 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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