LIGHTHOUSE CAPITAL LIMITED - Condensed reviewed consolidated interim financial results for the 12 months ended 30 September 2020

Condensed reviewed consolidated interim financial results for the 12 months ended 30 September 2020

Lighthouse Capital Limited
Incorporated in the Republic of Mauritius on 14 August 2014
Registration number: C124756 C1/GBL
ISIN: MU0461N00015
SEM share code: GFP.N0000
JSE share code: LTE
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or "the company" or "the group")

Short-form announcement: condensed reviewed consolidated interim financial 
results for the 12 months ended 30 September 2020

Lighthouse is a global business licence company registered in Mauritius. 
The company has primary listings on both the Official Market of the Stock 
Exchange of Mauritius Ltd ("SEM") and the Main Board of the Johannesburg 
Stock Exchange Limited ("JSE"). Lighthouse invests globally in direct 
property, and in listed real estate and infrastructure securities.

The financial year-end of the company has been changed from 30 September 
to 31 December. Accordingly, these results cover the interim period of 12
months to 30 September 2020. Lighthouse's financial year-end results for 
31 December 2020 will cover a period of 15 months.

                                    Reviewed       Audited
                                     for the       for the
                                   12 months          year
                                       ended         ended     
                                    Sep 2020      Sep 2019     Movement         
Total revenue (EUR)               27 367 818    29 719 102   (2 351 284)
Basic and diluted loss 
per share (EUR cents)                 (29,78)        (5,72)      (24,06)
Headline loss and diluted 
headline loss per share
(EUR cents)                           (26,49)        (5,17)      (21,32) 
Distribution (EUR cents per share)         –       1,50000          N/A 
Management accounts' information:
Net asset value per share 
(EUR cents)                            27,66         54,02       (26,36)
Gearing (%)#                            21,4          31,0        (9,60)

# Gearing is calculated by dividing total interest-bearing borrowings, 
adjusted for cash on hand and equity swap derivative margin, by the total 
of investments in property, listed securities and loans advanced.

Outlook
NEPI Rockcastle plc has withdrawn its 2020 earnings guidance and Hammerson
plc announced that it will resume paying dividends in the second half of
2020. In light of the uncertainty relating to dividends being received 
from the listed investments, no distribution guidance is provided for the 
remainder of this financial year.

As a result of the change of financial year-end to 31 December, the board 
intends to declare the next distribution for the nine months ended December
2020.

This short-form announcement is the responsibility of the directors and is 
only a summary of the information in the full announcement and does not 
include full or complete details. The full announcement was released on
SENS on 10 November 2020 and can be accessed by visiting the company's website 
at https://www.lighthousecapital.mu/financials/ or by following this hyperlink: 
https://senspdf.jse.co.za/documents/2020/jse/isse/LTEE/FY_Q42020.pdf

The full announcement is available for inspection at the registered offices of 
the company or its sponsor, at no charge, during office hours from Wednesday, 
11 November 2020 to Wednesday, 18 November 2020. Any investment decision should 
be based on the full announcement published on SENS and available on the 
company’s website.

By order of the board

Intercontinental Trust Ltd
Company secretary

Mauritius - 10 November 2020

Directors: Mark Olivier (chairperson); Stephen Delport (chief executive 
officer)*; Justin Muller*; Kobus van Biljon*; Jan Wandrag*; David Axten; 
Stuart Bird#; Karen Bodenstein; Des de Beer; Paul Edwards; Barry Stuhler 
(*Executive director, #alternate director)

There were no changes to the board during the quarter.
 
Company secretary: Intercontinental Trust Ltd

Registered address: C1-401, 4th Floor, La Croisette, Grand Baie, Mauritius

Transfer secretary in South Africa: Link Market Services South Africa
Proprietary Limited

JSE sponsor: Java Capital - 6th Floor, 1 Park Lane, Wierda Valley,
Sandton, 2196

SEM authorised representative and sponsor: Perigeum Capital Ltd
 
www.lighthousecapital.mu

Date: 10-11-2020 12:45:00
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