Trading Statement RESILIENT REIT LIMITED (previously Resilient Property Income Fund Limited) (Incorporated in the Republic of South Africa) (Registration number 2002/016851/06) JSE share code: RES ISIN: ZAE000209557 (Approved as a REIT by the JSE) (“Resilient”) TRADING STATEMENT In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period. Accordingly, shareholders are advised that Resilient anticipates that the dividend per share for the six months ended 31 December 2015 will be between 230.17 cents and 233.88 cents per share. This represents an increase of between 24% and 26% on the 185.62 cents per share for the six months ended 31 December 2014. The results reflect the impact of capital raisings, particularly the rights issue of June 2015, which reduced the cost of funding, the decline in the value of the Rand and a solid performance by the property portfolio. The financial results on which this trading statement is based have not been reviewed or reported on by Resilient’s auditors. The financial results for the six months ended 31 December 2015 will be published on or about 3 February 2016. 21 January 2016 Sponsor Java Capital Date: 21/01/2016 09:10:00 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. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.