GRIT REAL ESTATE INCOME GROUP LIMITED - Intention To Acquire Shares In The Company By The Grit Executive Share Trust

Intention To Acquire Shares In The Company By The Grit Executive Share Trust

 GRIT REAL ESTATE INCOME GROUP LIMITED
 (Registered by continuation in the Republic of Mauritius)
 (Registration number: C128881 C1/GBL)
 SEM share code: DEL.N0000
 JSE share code: GTR
 LSE share code: GR1T
 ISIN: MU0473N00036
 (“Grit” or the “Company”)


INTENTION TO ACQUIRE SHARES IN THE COMPANY BY THE GRIT EXECUTIVE SHARE TRUST


Shareholders are referred to the Grit Long-Term Incentive Plan administered by the Grit Executive Share Trust (“Share
Trust”) in terms of the Long-Term Incentive Plan Scheme Rules (“Scheme”), approved by way of a special resolution
at the annual general meeting of shareholders held on 24 November 2017.

Full details of the Scheme rules can be found on the Company’s website at:

https://grit.group/wp-content/uploads/2019/02/summary-of-lti-scheme-rules.pdf

Shareholders are hereby advised that the Share Trust intends to commence purchasing shares in the Company through
the market in order to satisfy the obligations of the Scheme.

By Order of the Board

27 February 2019

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Grit Real Estate Income Group Limited
 Bronwyn Corbett, Chief Executive Officer                                         +230 269 7090
 Darren Veenhuis, Head of Investor Relations                                      +44 779 512 3402
 Morne Reinders, Investor Relations                                               +27 82 480 4541

 Maitland/AMO – Communications Adviser
 James Benjamin                                                                   +44 20 7379 5151
 Vikki Kosmalska                                                                  Grit-maitland@maitland.co.uk
 Jason Ochere

 finnCap Ltd – UK Financial Adviser
 William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)             +44 20 7220 5000
 Mark Whitfeld (Sales)                                                            +44 20 3772 4697
 Monica Tepes (Research)                                                          +44 20 3772 4698

 Perigeum Capital Ltd – SEM Authorised Representative and Sponsor
 Shamin A. Sookia                                                                 +230 402 0894
 Kesaven Moothoosamy                                                              +230 402 0898

 PSG Capital – JSE Sponsor and Corporate Adviser
 David Tosi                                                                       +27 21 887 9602

The Company’s LEI is: 21380084LCGHJRS8CN05

NOTES:
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively
managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high
quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of
blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income
and capital growth. The Company is targeting an annual dividend yield in USD of 8%+ and a net total shareholder return
inclusive of NAV growth of 12.0%+ p.a.*
The Company currently holds primary listings on both the Main Market of the London Stock Exchange (LSE: GR1T) and
on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with a secondary listing on the Official Market of
the Stock Exchange of Mauritius (SEM: DEL.N0000).

Further information on the Company is available at http://grit.group/

*These are targets only and not a profit forecast and there can be no assurance that they will be met.

Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*,
Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel Esson Jonah+ and
Bright Laaka (Permanent Alternate Director to Nomzamo Radebe)
(* Executive Director) (+ independent Non-Executive Director)

Company secretary: Intercontinental Fund Services Limited
Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène
72201, Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
JSE sponsor: PSG Capital Proprietary Limited
Sponsoring broker: Axys Stockbroking Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rule 11.3 and the
Mauritian Securities Act 2005. The board of directors of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.

Date: 27/02/2019 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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