COLLINS PROPERTY GROUP LIMITED - Use of distribution per share as key performance metric for trading statement purposes

Use of distribution per share as key performance metric for trading statement purposes

Collins Property Group Limited
(previously Tradehold Limited)
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: CPP ISIN: ZAE000152658
(Approved as a REIT by the JSE)
("Collins" or "the Company")


USE OF DISTRIBUTION PER SHARE AS KEY PERFORMANCE METRIC FOR TRADING STATEMENT
PURPOSES


Shareholders are referred to the announcement released on SENS on 21 December 2023 wherein, inter
alia, Collins shareholders were advised that Collins had been granted REIT status by the JSE with effect
from 21 December 2023.

As a property investment entity, Collins had adopted net asset value per share as its key performance
metric for trading statement purposes with effect from the 28 February 2017 financial year-end. Following
Collins being granted REIT status by the JSE, Collins is of the view that using net asset value per share as
its key performance metric is no longer appropriate and the Company has accordingly adopted distribution
per share as its key performance metric for trading statement purposes with effect from the 28 February
2024 financial year end.

Shareholders are reminded that Collins paid dividends of 60 cents per share for the year ended 28 February
2023, which will be used as the comparative figure for purposes of determining whether Collins may be
required to publish a trading statement in respect of the financial year ending 28 February 2024. For the
avoidance of doubt, this excludes the special dividend of 434 cents, declared on 31 October 2022, which
constituted a reduction of Collins' stated capital.

Cape Town
19 February 2024


Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 19-02-2024 11:00:00
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