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Notice Of Half Year Results
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: GTR
LSE share code: GR1T
ISIN: MU0473N00036
(“Grit” or “the Company”)
NOTICE OF HALF YEAR RESULTS
Grit Real Estate Income Group Limited, a leading pan-African real estate company focused on investing
in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro
denominated long-term leases with high quality multi-national tenants, will announce its half year results
for the six months ended 31 December 2018 on Thursday, 14 February 2019.
A Company presentation for investors and analysts will be held on the day at Labourdonnais Hotel, Port
Louis, Mauritius at 14:00 local time (10.00am UK / 12:00pm South Africa). The presentation will be
accessible via a live conference call and on-demand playback via the Company website:
https://grit.group/financial-results/.
Those wishing to attend the presentation or access the live conference call are kindly asked to contact
communications@grit.group.
25 January 2019
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Head of Investor Relations +44 779 512 3402
Morne Reinders, Investor Relations +27 82 480 4541
Maitland/AMO – Communications Adviser
James Benjamin +44 20 7379 5151
Vikki Kosmalska Grit-maitland@maitland.co.uk
Jason Ochere
finnCap Ltd – UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley (Corporate +44 20 7220 5000
Finance)
Mark Whitfeld (Sales) +44 20 3772 4697
Monica Tepes (Research) +44 20 3772 4698
Perigeum Capital Ltd – SEM Authorised Representative and
Sponsor
Shamin A. Sookia +230 402 0894
Kesaven Moothoosamy +230 402 0898
PSG Capital – JSE Sponsor and Corporate Adviser
David Tosi +27 21 887 9602
The Company’s LEI is: 21380084LCGHJRS8CN05
NOTES:
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on
investing in and actively managing a diversified portfolio of assets in carefully selected African countries
(excluding South Africa). These high quality assets are underpinned by predominantly US$ and Euro
denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a
diverse range of robust property sectors.
The Company is committed to delivering strong and sustainable income for shareholders, with the
potential for income and capital growth.
Grit's portfolio comprised 20 income producing properties in six countries (plus one vacant land plot
held for development,a 6.25% equity investment in a listed Botswana property group and investment in
a development company). As at 30 June 2018:
• Income producing assets, including direct property and other investments, had an aggregate
valuation of approximately US$642.3 million;
• 308,157 sqm of gross lettable space;
• a vacancy rate of 3.3%, largely as a result of the major refurbishment project at Anfa Place
Shopping Center in Morocco. Vacancies across the remaining assets remain negligible;
• a weighted average lease expiry of 7.4 years (weighted by income); and
• Net rental escalations of between 3% to 5% p.a. that underpin potential dividend and NAV growth.
The Company is targeting an annual dividend yield in USD of 8%+ and a net total shareholder return
inclusive of NAV growth of 12.0%+ p.a.*.
Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock
Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM:
DEL.N0000).
Further information on the Company is available at http://grit.group/
*These are targets only and not a profit forecast and there can be no assurance that they will be met.
Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief
Financial Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+ and David
Love+.
(* Executive Director) (+ independent Non-Executive Director)
Company secretary: Intercontinental Fund Services Limited
Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35
Cybercity, Ebène 72201, Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
JSE sponsor: PSG Capital Proprietary Limited
Sponsoring broker: Axys Stockbroking Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd
This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rule
11.3 and the Mauritian Securities Act 2005. The board of directors of the Company accepts full
responsibility for the accuracy of the information contained in this communiqué.
Date: 25/01/2019 01:30:00 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.
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