SAFARI INVESTMENTS (RSA) LTD - Trading Statement

Trading Statement

SAFARI INVESTMENTS RSA LIMITED
Approved as a REIT by the JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/015002/06)
Share code: SAR ISIN: ZAE000188280
(“Safari” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed
company is required to publish a trading statement as soon as it
becomes aware that the financial results for the financial period to
be reported on next will vary by 20% or more from those of the
previous comparable period.

Shareholders are referred to the interim financial results published
by Safari for the 6 months ended 30 September 2013 in its pre-listing
statement dated 28 March 2014.

Shareholders are hereby advised that a reasonable degree of certainty
exists that for the 6 months period ended 30 September 2014:

-   basic and diluted earnings per share will be between 27 and 29
    cents, or between 42.1% and 52.6% higher than the 19 cents
    reported for the six months ended 30 September 2013; and

-   basic and diluted headline earnings per share will be between 27
    and 29 cents, or between 8.0% and 16.0% higher than the 25 cents
    reported for the six months ended 30 September 2013.

The increase is due to the inclusion of rental income of the newly
obtained Heidelberg Shopping Centre from February 2014. Finance cost
decreased with 85% as a result of the settled bond shortly after
Safari’s listing on the JSE Limited on 7 April 2014. Earnings was also
influenced by the completion of all major repairs and revampings at
the existing shopping centres in the 2014 financial year.

This financial information has not been reviewed and reported on by
Safari’s auditor. The financial results for the 6 months ended 30
September 2014 are expected to be published on or about 29 October
2014.

23 October 2014
Pretoria

Sponsor: PSG Capital

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