OCTODEC INVESTMENTS LIMITED - Trading statement update and notice of reliance on market notice

Trading statement update and notice of reliance on market notice

OCTODEC INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
JSE share code: OCT ISIN: ZAE000192258
(Approved as a REIT by the JSE)
("Octodec" or "the company")


TRADING STATEMENT UPDATE AND NOTICE OF RELIANCE ON MARKET NOTICE


TRADING STATEMENT UPDATE
Shareholders are referred to the company announcements released on SENS on Tuesday, 7 April 2020 and
Wednesday, 22 April 2020, wherein the company withdrew its distribution guidance previously
communicated for the full financial year ending 31 August 2020, as well as the trading statement released on
Friday, 24 July 2020, where the company advised that the distributable earnings for the financial year ending
31 August 2020 was expected to be at least 15% lower than that for the prior corresponding period.

Octodec now has a reasonable degree of certainty that distributable earnings for the year ended
31 August 2020, on which distribution per share is based, will be 22% lower than that for the prior
corresponding period.

This financial information has not been reviewed or reported on by the company's auditors.

MARKET NOTICE RELIANCE
In terms of paragraph 13.47 of the JSE Listings Requirements, in order to retain its REIT status, a REIT is
required to distribute at least 75% of its distributable earnings to shareholders within four months of its
financial year end.

The Financial Sector Conduct Authority issued Market Notice 6 on 28 June 2020 (the "Market
Notice"), which Market Notice permits REITs with financial year ends falling between 29 February 2020 and
30 September 2020 to declare distributions to shareholders within six months of the end of their financial year,
as against the four month period required in terms of the Listings Requirements. Accordingly, in order to
retain its REIT status, Octodec is, inter alia, required to make a distribution in compliance with the minimum
distribution requirements by no later than 28 February 2021.

Shareholders are advised that Octodec will be relying on the Market Notice. Further information in this regard
will be included in Octodec's annual results announcement, which is expected to be released on Monday,
16 November 2020.

13 November 2020


Sponsor
Java Capital

Date: 13-11-2020 12:37:00
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