ATTACQ LIMITED - Condensed unaudited consolidated interim financial results for the six months ended 31 December 2022

Condensed unaudited consolidated interim financial results for the six months ended 31 December 2022

ATTACQ LIMITED
Incorporated in the Republic of South Africa
Registration number 1997/000543/06
JSE share code: ATT ISIN: ZAE000177218
(Approved as a REIT by the JSE)
("Attacq" or "the company" or "the group")


SHORT-FORM ANNOUNCEMENT:
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2022


HIGHLIGHTS
    1. Dividends declared of 29.0 cps for the interim period (31 December 2021: Rnil)
    2. Distributable income per share increased to 35.9 cents (31 December 2021: increased to 28.2 cents)
    3. Interest cover ratio improved to 1.72 times (31 December 2021: improved to 1.50 times)
    4. Weighted average annual trading density growth of 14.7% (31 December 2021: growth of 8.7%)
    5. Development activity at Waterfall City totalling 53 697m2 of GLA (31 December 2021: 59 395m2 of GLA)
    6. Strategic investment proposed of R2.8 billion in Waterfall City, by Government Employees Pension Fund

FINANCIAL PERFORMANCE
                                                       31 December 2022           31 December 2021             % change
 Distributable income per share           cents                    35.9                       28.2                 27.3
 Dividend per share                       cents                    29.0                          -                  nmf
 Total assets                             R'000              21 732 562                 21 577 860                  0.7
 Net asset value per share                cents                   1 735                      1 683                  3.1
 Gross revenue                            R'000               1 121 161                  1 392 384                (19.5)
 Earnings per share                       cents                    28.2                       99.8                (71.7)
 Headline earnings per share              cents                    37.1                       70.5                (47.4)

This short-form announcement is the responsibility of the directors and the contents were approved by the board on
13 March 2023. This short-form announcement is a summary of the full announcement released on SENS and published on
14 March 2023 and does not include full or complete details. Any investment decision should be based on the full
announcement. The short-form announcement has not been audited or reviewed by the company's external auditors.

The full announcement is available on the company's website at www.attacq.co.za/investor-hub and can be accessed
using the following JSE link:
https://senspdf.jse.co.za/documents/2023/jse/isse/ATT/2023HYRES.pdf

The full announcement is also available for inspection at the registered offices of the company or its sponsor, at no charge,
during office hours from Tuesday, 14 March 2023 to Wednesday, 22 March 2023. Copies of the full announcement may
be requested via email from brenda@attacq.co.za or sponsor@javacapital.co.za.

DIVIDEND
The board has declared an interim gross cash dividend of 29.00000 cents per share, for the six months ended
31 December 2022, out of the company's distributable income. A detailed announcement, including salient dates and
the tax treatment applicable to the dividend was published on Tuesday, 14 March 2023 via SENS announcement. The
group's full year distributable income per share guidance of between 8.0% and 10.0% growth and a pay-out ratio of 80.0%
remains unchanged. The guidance has not been reviewed or reported on by Attacq's auditors.

By order of the board
Attacq Limited

14 March 2023

Independent non-executive directors
P Tredoux (chairperson)
HR El Haimer (lead independent director)
FFT De Buck (effective 1 February 2023)
TP Leeuw
IN Mkhari
GT Rohde (effective 1 February 2023)
S Shaw-Taylor
AE Swiegers
JHP van der Merwe

Executive directors
JR van Niekerk (CEO)
R Nana (CFO)
Company secretary
W Modisapodi


Registered office
ATT House, 2nd Floor, Maxwell Office Park, 37 Magwa Crescent, Waterfall City, 2090

Postal address
PostNet suite 016, Private Bag X81, Halfway House, 1685


Transfer secretaries
Computershare Investor Services Proprietary Limited


Sponsor
Java Capital

Independent auditors
Ernst & Young Inc.

Date: 14-03-2023 07:05:00
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