INDLUPLACE PROPERTIES LIMITED - Trading statement

Trading statement

INDLUPLACE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
JSE share code: ILU ISIN: ZAE000201125
(Approved as a REIT by the JSE)
(“Indluplace” or “the Company”)


TRADING STATEMENT


Shareholders are referred to Indluplace’s pre-close update released on SENS on 29 March 2021 as well as the various
announcements released during November 2020.

Indluplace has made good progress towards the implementation of its 2021 strategy which has primarily focused on
disposing of non-core properties and internalising the property management of its portfolio. The performance of the
portfolio remains stable with good collections and stable occupancy rates but the anticipated recovery in the rental
residential sector has not materialised.

The Company expects to report the following distributable earnings in its results for the six months ended
31 March 2021 (“interim period”):
                                                                      Pre-Covid
                                                                  6 months ended              % change when
                                                                   31 March 2020      compared to the prior
                                             Interim period     (“prior period”)                     period
Distributable income (Rand)
Excluding Scheme interest*                       58 931 715          101 014 687                     -41.7%
Scheme Interest                                           -            8 125 078
Including Scheme interest as previously
reported                                         58 931 715          109 139 765                     -46.0%

Number of shares in issue
Excluding Scheme shares                         295 581 782          295 581 782
Including Scheme shares                         319 356 799          319 356 799

Distributable income per share (cents
per share)
Excluding Scheme shares                               19.94                34.17                    -41.7%
Including Scheme shares as previously
reported                                              18.45                34.17                    -46.0%

The Board will make a decision regarding the payment of a dividend for the interim period at its meeting on
19 May 2021.

The financial information contained in this trading statement has not been reviewed or reported on by the Company’s
auditors.

Indluplace will announce its results for the interim period on 20 May 2021 and a virtual presentation will be held at
11h00 on 20 May 2021. For further details contact investorrelations@indluplaceproperties.co.za

* Notional interest income on Indluplace Share Purchase and Option Scheme (“Scheme”).

13 May 2021


Sponsor
Java Capital

Date: 13-05-2021 03:25:00
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