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RESILIENT PROPERTY INCOME FUND LTD - Change of Year End and Voluntarily Trading Update

Release Date: 10/05/2013 16:13
Code(s): RES     PDF:  
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Change of Year End and Voluntarily Trading Update

RESILIENT PROPERTY INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/016851/06)
JSE share code: RES ISIN: ZAE000043642
(“Resilient”)


CHANGE OF YEAR END AND VOLUNTARY TRADING UPDATE


CHANGE OF YEAR END

To facilitate the application of Real Estate Investment Trust (REIT) status to Resilient, Resilient’s financial
year end will, with effect from 30 June 2013, change from 31 December to 30 June. The change in the
financial year end will not affect Resilient’s distribution periods which will continue to be in respect of the
six month periods ended 30 June and 31 December.
To comply with paragraph 3.15 of the JSE Listings Requirements, Resilient will publish –

-   abridged audited results for the 6 months ending 30 June 2013 within three months of 30 June 2013; and
-   an integrated report and notice of annual general meeting (with audited financial statements for the 6
    months ending 30 June 2013) within six months of 30 June 2013.

VOLUNTARY TRADING UPDATE

For information purposes only

Linked unitholders are advised that for the six months ending 30 June 2013, Resilient anticipates that its
distribution per linked unit will be approximately 12% higher than for the previous corresponding period.
The growth in distribution is higher than previously guided by Resilient, at 10%, reflecting overall trading
conditions including exchange rates which have been more favourable than as expected during the current
period.

The growth is based on the assumptions that a stable macro-economic environment will prevail, no major
corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs.
Budgeted rental income was based on contractual escalations and market related renewals. This forecast has
not been audited or reviewed by Resilient’s auditors.

10 May 2013


Sponsor
Javacapital

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