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Trading Update
ORION REAL ESTATE LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 1997/021085/06)
Share Code: ORE ISIN: ZAE000075651
("Orion Real Estate" or “the company”)
TRADING UPDATE
In terms of paragraph 3.4(b)(i) of the Listings
Requirements of the JSE Limited, listed companies are
required to publish a trading statement as soon as they
become reasonably certain that the financial results for
the next period to be reported on will be more than 20%
different from those of the previous corresponding period
or from a profit forecast previously provided to the market
in relation to such period.
The board would like to advise shareholders that the basic
earnings per linked unit have improved from (0.29) cents to
approximately 7.65 cents for the year ending 30 June 2012.
The improvement was mainly due to an increase in property
values. The total value of the property portfolio increased
from R 646 523 400 to R 711 458 238. The expected headline
earnings per linked unit also improved from (0.58) cent to
approximately 1.02 cents mainly due to the re-measurement
of the debenture liability.
Johannesburg
21 September 2012
Sponsor
Arcay Moela Sponsors Proprietary Limited
(Registration number 2006/033725/07)
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