LIGHTHOUSE CAPITAL LIMITED - Condensed unaudited consolidated financial results for the three months ended 31 March 2021

Condensed unaudited consolidated financial results for the three months ended 31 March 2021

Lighthouse Capital Limited
Incorporated in the Republic of Mauritius on 14 August 2014
Reg No C124756 C1/GBL
ISIN MU0461N00015
SEM share code: GFP.N0000 and
JSE share code: LTE
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company" or the "Group")

www.lighthousecapital.mu

Short-form announcement: condensed unaudited consolidated financial results 
for the three months ended 31 March 2021

Lighthouse is a Global Business Licence company registered in Mauritius. 
The Company has primary listings on both the Official Market of the Stock 
Exchange of Mauritius Ltd ("SEM") and the Main Board of the Johannesburg Stock 
Exchange Limited ("JSE"). Lighthouse invests globally in direct property, and 
in listed real estate and infrastructure securities.


                                     Unaudited      Unaudited 
                                       for the        for the
                                  three months   three months
                                         ended          ended
                                      Mar 2021       Mar 2020      Movement    
Total revenue (EUR)                  4 079 610      9 224 074    (5 144 464) 
Basic and diluted earnings/(loss)
per share (EUR cents)                     0,46         (11,30)        11,76
Headline earnings/(loss) and 
diluted headline earnings/(loss)
per share (EUR cents)                     0,47         (11,27)        11,74
Interim distribution (EUR cents 
per share)                                 n/a        1,57500           n/a
Management accounts' information: 
Net asset value per share (EUR
cents)                                   46,27          40,96          5,31
Gearing (%) #                             13,1           20,7          (7,6)

# Gearing is calculated by dividing total interest-bearing borrowings, adjusted 
for cash and cash equivalents and derivative cash margin, by the total of 
investments in property, gross listed securities at fair value, investment in 
associate at fair value and loans advanced.

Investment in Hammerson plc
                                                            Carrying amount/
                                                              fair value EUR
Equity-accounted in terms of IFRS at 31 March 2021 1              71 505 523
At fair value at 31 March 2021 2                                 362 731 098
At fair value at 3 May 2021 3                                    405 299 482

1 The carrying amount includes the deemed cost at 30 September 2020, subsequent 
  acquisitions at cost and Lighthouse's share of the post-acquisition losses of 
  Hammerson plc up to 31 December 2020.
2 Based on 882 269 016 shares at the closing market price of GBP 0,3499 per 
  share and an exchange rate of EUR/GBP 0,85106. 
3 Based on 882 269 016 shares at the closing market price of GBP 0,3984 per 
  share and an exchange rate of EUR/GBP 0,86725.

This short-form announcement is the responsibility of the directors and is only 
a summary of the information in the full announcement and does not include full 
or complete details. The full announcement was released on SENS on Thursday, 
6 May 2021 and can be accessed by visiting the Company's website at 
https://www.lighthousecapital.mu/financials/ or by following this hyperlink: 
https://senspdf.jse.co.za/documents/2021/jse/isse/LTEE/FY_Q12021.pdf

The full announcement is available for inspection at the registered offices of 
the Company or its sponsor, at no charge, during office hours from Friday, 
7 May 2021 to Friday, 14 May 2021. Any investment decision should be based 
on the full announcement published on SENS and available on the Company's 
website.

By order of the board

Intercontinental Trust Ltd
Company secretary

Mauritius - 6 May 2021

Directors: Mark Olivier (chairperson); David Axten; Stuart Bird#; 
Karen Bodenstein; Des de Beer; Paul Edwards; Barry Stuhler; Stephen Delport (CEO)*; 
Nina Kretzmann (COO)*; Justin Muller (CIO)*; Kobus van Biljon (CFO)*

(*Executive director, #Alternate director)

Nina Kretzmann was appointed to the board on 5 February 2021. Jan Wandrag 
resigned from the board on the same date.

Company Secretary: Intercontinental Trust Ltd

Registered address: C1-401, 4th Floor, La Croisette, Grand Baie, Mauritius

Transfer secretary in South Africa: JSE Investor Services (Proprietary) Limited

JSE sponsor: Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, Sandton,
2196

SEM authorised representative and sponsor: Perigeum Capital Ltd

Date: 06-05-2021 02:00:00
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