ORION REAL ESTATE LIMITED - Further Trading Statement

Further Trading Statement

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”)

REVISED TRADING STATEMENT

Shareholders are referred to the trading statement published on SENS on 16 November
2017 (“the Original Trading Statement”). In terms of paragraph 3.4(b)(iv) of the Listings
Requirements of the Johannesburg Stock Exchange, shareholders are advised of the
following revised figures for the year ended 30 June 2017:

- basic and diluted loss per share of 0.78 cents per share (the Original Trading
  Statement reported 0.62 cents loss per share) which is a reduction of 336% when
  compared to the basic and diluted earnings per share of 0.33 cents reported for the
  corresponding year ended 30 June 2016; and

- headline and diluted headline loss per share of 6.95 cents per share (the Original
  Trading Statement reported 1.24 cents earnings per share) which is a reduction of
  150% when compared to the headline loss per share of 2.78 cents reported for the
  corresponding year ended 30 June 2016.

This reduction was due to the loss of control in Elma Park Proprietary Limited and the
downwards adjustment of the undeveloped land.

The above information has not been reviewed or reported on by the Company’s
auditors and the Company’s results for the year ended 30 June 2017 are expected to be
published on or about 1 December 2017.

Johannesburg
30 November 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 30/11/2017 10:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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