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Dividend Declaration
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
LSE share code: GR1T
SEM share code: DEL.N0000
JSE share code: GTR
ISIN: MU0473N00036
(“Grit” or the “Company”)
DIVIDEND DECLARATION
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, advises Shareholders that dividend number 10 of US$ 5.2500 cents per share
for the six months ended 31 December 2018 has been approved and declared by the Board of the Company. The
source of the cash dividend is from rental income and cum-dividend reserve.
Salient dates and times
For shareholders on the Mauritian Register 2019
Announcement of cash dividend on JSE, SEM and LSE Thursday, 14 February
Announcement of US$ to Rand conversion rate released on SEM website by no
later than 1:00pm Tuesday, 26 February
Last date to trade cum dividend Tuesday, 5 March
Shares trade ex-dividend Wednesday, 6 March
Record date of dividend on the SEM Friday, 8 March
Payment date of dividend Friday, 5 April
Notes
1. All dates and times quoted above are local dates and times in Mauritius. The above dates and times are subject to
change. Any changes will be released on the SEM website.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019
and Friday, 8 March 2019, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
26 February 2019 and Friday, 8 March2019, both days inclusive.
For shareholders on the South African Register 2019
Announcement of cash dividend on JSE, SEM and LSE Thursday, 14 February
Announcement of US$ to Rand conversion rate released on SENS by no later
than 11:00am Tuesday, 26 February
Last date to trade cum dividend Tuesday, 5 March
Shares trade ex-dividend Wednesday, 6 March
Record date of dividend on the JSE Friday, 8 March
Payment date of dividend Friday, 5 April
Notes
1. All dates and times quoted above are local dates and times in South Africa. The above dates and times are subject
to change. Any changes will be released on SENS.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019
and Friday, 8 March 2019, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
26 February 2019 and Friday, 8 March 2019, both days inclusive.
4. Shareholders on the South African sub-register will receive dividends in South African Rand, based on the exchange
rate to be obtained by the Company on or before Tuesday, 26 February 2019. A further announcement in this regard
will be made on Tuesday, 26 February 2019.
For shareholders on the UK Register 2019
Announcement of cash dividend on JSE, SEM and LSE Thursday, 14 February
Announcement of US$ to Rand conversion rate released on the Regulatory
Information Service of the LSE by no later than 10:00am Tuesday, 26 February
Last date to trade cum dividend Wednesday, 6 March
Shares trade ex-dividend Thursday, 7 March
Record date of dividend on the LSE Friday, 8 March
Last date for receipt of currency election forms Friday, 8 March
Payment date of dividend Friday, 5 April
Notes
1. All dates and times quoted above are local dates and times in the UK. The above dates and times are subject to
change. Any changes will be released on a Regulatory Information Service of the LSE.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019
and Friday, 8 March 2019, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
26 February 2019 and Friday, 8 March 2019, both days inclusive.
4. Shareholders on the UK sub-register will receive dividends in US$. However, shareholders can elect to have
dividends paid in sterling (GBP) and the option to elect a sterling dividend payment for this dividend will be available
to shareholders until Friday, 8 March 2019 (the "Election Date").
5. Further details together with a copy of the Dividend Currency Election Form, which should be sent to Link Asset
Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when completed, will be available on the
Company's website shortly at http://grit.group/. CREST shareholders must elect via CREST.
In terms of the JSE Listings Requirements regarding Dividends Tax, the following information is only of direct application
to shareholders on the South African share register, as the dividend is regarded as a foreign dividend for shareholders
on the South African register:
- the interim dividend is subject to South African Dividends Tax;
- the local dividend tax rate is 20%;
- there is no withholding tax payable in Mauritius;
- the number of ordinary shares in issue is 306 396 035; and
- the Mauritian income tax reference number of the Company is 27331528.
By Order of the Board
14 February 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 Finance) +44 20 7220 5000
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. 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+, David Love+ and Bright Laaka (Permanent
Alternate Director to Nomzano Radebe).
(* 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: 14/02/2019 09:00:00 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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