RESILIENT PROPERTY INCOME FUND LTD - Clarification of comparable earnings figures

Clarification of comparable earnings figures

RESILIENT PROPERTY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/016851/06)
JSE share code: RES ISIN: ZAE000043642
(Approved as a REIT by the JSE)
(“Resilient” or “the company”)


CLARIFICATION OF COMPARABLE EARNINGS FIGURES


Shareholders are referred to Resilient’s preliminary summarised audited consolidated financial
statements for the year ended 30 June 2014, released on SENS on 5 August 2014.

Given Resilient’s capital conversion, detailed in the circular issued to shareholders on 29 May 2014,
linked debentures no longer exist within Resilient’s capital structure. In light of the capital
conversion and in order to provide a meaningful basis of comparison for users of the financial
information, management considered it appropriate to present a comparable basic earnings per share
figure and a comparable headline earnings per share figure for the year ended 30 June 2014.

The comparable basic earnings per share figure and the comparable headline earnings per share figure
are presented in the consolidated statement of comprehensive income and the reconciliation of profit for
the period to headline earnings, respectively, and were prepared to enable shareholders to compare the
linked unit financial information from the results for the six months ended 30 June 2013 with the results
for the year ended 30 June 2014. This comparable financial information has been compiled in a manner
consistent with the preparation of basic earnings per linked unit and headline earnings per linked unit for
the six months ended 30 June 2013. This comparable financial information was prepared for illustrative
purposes only and has not been reviewed or reported on by Resilient’s auditors.

11 August 2014


Sponsor
Java Capital

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