Abridged unaudited financial statements for the three months and the six months ended 30 September 2012 Rockcastle Global Real Estate Company Limited Abridged unaudited financial Incorporated in the Republic of Mauritius Reg no 108869 CI/GBL ISIN MU0364N00003 statements for the three months and the six months ended 30 September 2012 Primary listing SEM SEM code Rock.N0000 Secondary listing JSE JSE code ROC (Rockcastle or the Company) Statement of financial poSition Statement of caSh flowS Unaudited Unaudited as at for the six 30 Sep 2012 months ended USD 30 Sep 2012 USD Assets Non-current assets 138 133 397 Cash inflow from operating activities 437 763 Investments 138 133 397 Cash outflow from investing activities (137 141 056) Cash inflow from financing activities 253 483 163 Current assets 116 784 076 Increase in cash and cash equivalents 116 779 870 Trade and other receivables 4 206 Cash and cash equivalents at beginning of period - Cash and cash equivalents 116 779 870 cash and cash equivalents at end of period 116 779 870 Total assets 254 917 473 Cash and cash equivalents consist of: Equity anD liabilities Current accounts 116 779 870 Total equity attributable to equity holders 122 250 393 Stated capital 119 004 858 Currency translation reserve 1 415 523 Segmental reporting Unaudited Unaudited Retained earnings 1 830 012 for the three for the six Total liabilities 132 667 080 months ended months ended 30 Sep 2012 30 Sep 2012 Non-current liabilities 132 512 743 USD USD Interest-bearing borrowings 132 512 743 Profit before income tax expense Current liabilities 154 337 Australia 66 313 66 374 Trade and other payables 145 126 Canada 427 634 427 634 Current tax payable 9 211 Europe 108 121 139 340 Great Britain 8 593 26 366 Total equity and liabilities 254 917 473 Hong Kong 7 438 13 628 Singapore 33 479 75 894 Statement of comprehenSive income United States of America 154 587 195 585 Unaudited Unaudited Corporate 1 167 194 935 949 for the three for the six 1 973 359 1 880 770 months ended months ended 30 Sep 2012 30 Sep 2012 Total assets USD USD Australia 28 428 000 Distributable income from investments 972 047 988 155 Canada 22 704 075 Fair value loss on investments (545 668) (423 182) Europe 63 140 770 Administrative expenses (60 982) (81 869) Great Britain 16 946 159 Listing costs (314 204) (524 562) Hong Kong 8 155 572 Singapore 35 510 445 Profit/(loss) before net finance income 51 193 (41 458) United States of America 80 032 452 Net finance income 1 922 166 1 922 228 254 917 473 Finance costs (78 885) (79 994) Finance income 2 001 051 2 002 222 Interest received 35 489 36 660 Interest on shares issued cum dividend 1 965 562 1 965 562 NoteS The Company is required to publish financial results for the three months ended 30 September 2012 in terms of the Listing Rule 12.19 of the Stock Exchange of Mauritius (SEM). The Company was incorporated on 30 March 2012 and intends releasing its full set of financial results in respect of the 15 month period ending 30 June 2013. Profit before income tax expense 1 973 359 1 880 770 Accordingly, this announcement presents the financial results of the Company in respect of the period from 1 July 2012 to 30 September 2012 and in respect of the period from incorporation to 30 September 2012. Income tax expense (9 211) (9 211) The abridged unaudited financial statements for the three months and the six months ended 30 September 2012 Withholding tax incurred (41 547) (41 547) have been prepared in accordance with the measurement and recognition requirements of IFRS, the information contained in IAS 34: Interim Financial Reporting, the JSE Listing Requirements and the SEM Listing Rules. Profit for the period attributable to equity holders 1 922 601 1 830 012 The abridged unaudited financial statements have not been reviewed or reported on by the Companys external auditors. Total comprehensive income for the period 1 922 601 1 830 012 These abridged financial statements were approved by the Board of Directors on 9 November 2012. Actual number of shares in issue 118 000 000 118 000 000 Copies of the abridged unaudited financial statements and the Statement of direct and indirect interests of each officer of the Company, pursuant to rule 8(2)(m) of the Securities (Disclosure Obligations of Reporting Issuers) Basic earnings per share and headline earnings per share Rules 2007, are available free of charge, upon request at the Registered Office of the Company at Level 3, Alexander (USD cents) House, 35 Cybercity, Ebene, Mauritius. 1,63 1,55 Net asset value per share (USD) 1,04 1,04 Contact person: Mr Kesaven Moothoosamy Basic earnings per share and headline earnings per share are based on the weighted average of 118 000 000 shares in issue during the period. COMMENTS ON RESULTS Rockcastle has no dilutionary instruments in issue. During the period, the Company successfully raised additional capital in two separate private placements on the JSE and the SEM respectively. Investments are performing in line with the Boards expectations, with the net asset value per share increasing to USD 1,04. Statement of changeS in equity OUTLOOK The Board expects macro-economic uncertainty to continue in a low growth environment. The Company continues currency to explore opportunities in the listed sector and in direct property that are both value accretive and enhancing of Unaudited for the Stated translation Retained growth in distributions. The first distribution will be paid for the period ending 31 December 2012. six months ended capital reserve earnings Total 30 September 2012 USD USD USD USD By order of the Board Issue of shares Intercontinental Trust Limited (118 000 000 shares) 119 004 858 119 004 858 Company Secretary Total comprehensive income 9 November 2012 for the period 1 830 012 1 830 012 This communiqué is issued pursuant to SEM Listing Rules 12.20 and section 88 of the Securities Act 2005. Currency translation The Board of Directors accept full responsibility for the accuracy of the information contained in these abridged movement 1 415 523 1 415 523 unaudited financial statements. The Directors are not aware of any matters or circumstances arising subsequent to the period ended 30 September 2012 that require any additional disclosure or adjustment to the abridged Balance at unaudited financial statements. 30 September 2012 119 004 858 1 415 523 1 830 012 122 250 393 www.rockcastleglobalre.mu Date: 09/11/2012 01:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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