OASIS CRESCENT PROPERTY FUND - Update Of Segmental Information

Update Of Segmental Information

Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Property Trust Scheme
registered in terms of the Collective Investment Schemes Control Act
(Act 45 of 2002) having REIT status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“Oasis” or “the Fund”)

UPDATE OF SEGMENTAL INFORMATION

Shareholders are referred to the announcement of the reviewed condensed
interim results for the six months ended 30 September 2014, dated 16
October 2014 (“the Announcement”). The allocation within the segmental
analysis in the Announcement has been updated as per the table below.

Segment information for the 6 months ended 30 September 2014
                                      Indus-   Invest-   Corpo-
                  Retail    Offices   trial    ments     rate     Total
                  R’000     R’000     R’000    R’000     R’000    R’000

Segment revenue
Property income

Rental income      9 129    4 507    9 471     -        -         23 107
Recoveries         5 089    1 474    1 934     -        -         8 497

Income from
investments
excluding non-
permissible
income
Dividend income
offshore           -        -        -         4 273    -         4 273
Permissible
investment
income- domestic   -        -        -         1 327    -         1 327
Fair value
adjustment to
financial assets
at fair value
through profit
or loss            -        -        -         630      -         630

                   14 218   5 981    11 405    6 230    -         37 834

Segment expense
Property
expenses           8 129    1 650    2 680     -        -         12 459
Service charges    -        -        -         -        1 711     1 711
Other operating
expenses           -        -        -         -        545       545

                   8 129    1 650    2 680     -        2 256     14 715


Realised gain on
disposal of        -        -        -         1 019    -         1 019
available-for-
sale financial
assets
Segment result
Operating
profit/(loss)      6 089   4 331   8 725     7 249   (2 256)   24 138

Net finance
income
Interest
received           -       -       -         -       155       155
Interest paid      -       -       -         -       -         -

Net
profit/(loss)
before straight-
line lease
income and fair
value adjustment
to investment
properties         6 089   4 331   8 725     7 249   (2 101)   24 293

Straight-lining
of lease income    638     -       1 082     -       -         1 720

Fair value
adjustment to
investment
properties         (638)   -       (1 082)   -       -         (1 720)

Net
profit/(loss)
after straight-
line lease
income and fair
value adjustment
to investment
properties         6 089   4 331   8 725     7 249   (2 101)   24 293



22 October 2014
Cape Town

Designated Advisor
PSG Capital Proprietary Ltd.

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