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Pipeline update and confirmation of guidance
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE
ISIN: ZAE000180865
Debt company code: VKEI
NSX share code: VKN
(Granted REIT status with the JSE)
("Vukile" or "the Company")
PIPELINE UPDATE AND CONFIRMATION OF GUIDANCE
Vukile shareholders are referred to the H1 FY2026 pre-close presentation ("Pre-Close") and webcast made available
on the Company's website on 29 September 2025.
During the Pre-Close, shareholders were advised that the Company has made a strong start to FY2026 with both the
Iberian and South African businesses delivering very robust operational performances in the first five months of the
year.
Further to this, the new assets in Spain and Portugal are now fully embedded into the Company's operations and
systems, contributing positively and creating a solid foundation for further growth opportunities.
UPDATE ON ANTICIPATED PIPELINE
Vukile remains disciplined in its capital allocation process and is focused on transactions that are both strategically
aligned and financially accretive.
Vukile is pleased to update its shareholders that it has secured two strategically aligned opportunities in its core
markets, South Africa and Iberia. The South African acquisition has already passed the necessary due diligence
processes, with the only outstanding condition precedent being Competition Commission approval.
In Iberia, Vukile is currently in the advanced stages of an offer process with sole exclusivity on an opportunity and will
update shareholders with further detail in due course.
Vukile anticipates potential acquisitions to be earnings neutral to accretive. The Company anticipates no adverse LTV
impacts as a result of the execution of any potential pipeline.
CONFIRMATION OF GUIDANCE
In line with the disclosure at Pre-Close, Vukile remains confident of achieving its guidance of at least 8% growth in FFO
per share and dividend per share. Vukile will update the market with revised guidance at our interim financial results
for the six months ended 30 September 2025 on or about 26 November 2025.
Houghton Estate
15 October 2025
JSE & Debt sponsor NSX sponsor
Java Capital IJG Securities (Pty) Ltd
Date: 15-10-2025 05:20:00
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