Summary of the audited consolidated results for the year ended 31 May 2020 OneLogix Group Limited (Incorporated in the Republic of South Africa) (Registration number 1998/004519/06) JSE share code: OLG ISIN: ZAE 000026399 ("OneLogix" or "the company" or "the group") Short-form announcement: Summary of the audited consolidated results for the year ended 31 May 2020 HIGHLIGHTS - Revenue down by 4% to R2,62 billion - EBITDA down by 12% to R349,6 million - HEPS and diluted HEPS down by 46% to 17,1 cps - Core HEPS and diluted core HEPS down by 42% to 22,2 cps - NAV up 7% to 402,3 cps - NTAV up 7% to 334,6 cps - Final completion of Umlaas phase 3 nears 15,5 million shares repurchased during year - No dividend declared This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. None of the information in this announcement has been reviewed or reported on by the company's auditors. The full announcement was released on SENS on Thursday, 17 September 2020, and can be found on the company's website at www.onelogix.com and can be accessed using the following JSE link https://senspdf.jse.co.za/documents/2020/jse/isse/OLG/FY2020.pdf. Copies of the full announcement may also be requested at the company's registered office and at the office of the sponsor, at no charge, during office hours from 17 September 2020 to 24 September 2020. Any investment decision should be based on the full announcement published on SENS and on the company's website. The consolidated annual financial statements have been audited by the company's auditors Mazars who expressed an unmodified audit opinion thereon. Key audit matters identified in the auditors opinion were the impact of the outbreak of Covid-19 on the going concern assumptions made by management, goodwill valuation, valuation of property, plant and equipment as well as the initial application of IFRS 16. The consolidated annual financial statements and the auditor's report are available at the company's registered office and on the company's website https://onelogix.com/documents/annualResults/OneLogixyear-end-results-booklet-2020.pdf. For the first time in 11 years OneLogix is reporting a profit decline primarily due to the protracted listless economic environment, and in the latter two months, the ramifications of the worldwide Covid-19 societal lockdown. Dividend The board has decided that no dividend (2019: 11 cents) will be declared as the prevailing economic circumstances demand particularly circumspect cash resource management. In addition, the group has capital commitments relating to the finalisation of the Umlaas 3 development. Financial summary Restated1 Audited audited year year ended ended % 31 May 31 May Notes change 2020 2019 Revenue (R000's) (4) 2 622 382 2 740 092 Profit before taxation excluding capital items (R000's) (51) 52 722 107 491 Profit before taxation (R000's) (55) 48 475 107 560 Profit for the period (R000's) (48) 46 784 89 851 Headline earnings (R000's) (47) 40 957 77 247 Core headline earnings (R000's) 2 (43) 53 187 93 014 Per share measures Basic and diluted basic earnings per share (cents) (55) 14,3 31,5 Headline and diluted headline earnings per share (cents) (46) 17,1 31,6 Core headline and diluted core headline earnings per share (cents) (42) 22,2 38,0 Net asset value per share (cents) 7 402,3 377,6 Net tangible asset value per share (cents) 7 334,6 312,1 Notes: 1. Restated for the effects of IFRS 16 2. Headline earnings (as calculated based on SAICA Circular 1/2019) adjusted for the amortisation charge of intangibles assets recognised on business combinations and charges relating to share-based payments. By order of the board Ian Lourens CEO Geoff Glass FD 17 September 2020 Directors LJ Sennelo (Chairperson)*# NJ Bester GM Glass (FD) AJ Grant*# IK Lourens (CEO) CV McCulloch (COO) IM Pule* KV Ratshefola*# K Schoeman* * Non-executive # Independent Registered office 46 Tulbagh Road Pomona Kempton Park PostNet Suite 10 Private Bag X27 Kempton Park 1620 Company secretary CIS Company Secretaries (Pty) Ltd Rosebank Towers 15 Biermann Avenue Rosebank 2191 PO Box 61673 Marshalltown 2107 Transfer secretaries Computershare Investor Services (Pty) Ltd Rosebank Towers 15 Biermann Avenue Rosebank 2191 PO Box 61051 Marshalltown 2107 Sponsor Java Capital 6th Floor 1 Park Lane Wierda Valley (Entrance at 39 Wierda Road West) Sandton 2196 JHB Date: 17-09-2020 07:30:00 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.