Trading statement NEWPARK REIT LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2015/436550/06) JSE share code: NRL ISIN: ZAE000212783 (Approved as a REIT by the JSE) ("Newpark" or "the company" or "the Group") TRADING STATEMENT Shareholders are advised that as a result of further increased vacancies and tenant defaults in the Group's mixed use segment the board of directors has decided to revise the outlook for distributable earnings performance for the full year ending 28 February 2019 downwards from a decrease in distributable earnings of between 6.0% and 8.0% to a decrease in distributable earnings of between 16% and 18% compared with the 12 months ended 28 February 2018. The outlook for financial year 2019, previously communicated to the market is no longer expected to be achievable due to a further deterioration in market conditions and the direct impact this has had on the Group's vacancy profile and tenant performance. The board of directors remains mindful of the current pressures experienced by tenants in the mixed-use (retail and office) segment, manifesting in higher than desired vacancies for the short-term. The revised forecast is based on no further material vacancies arising and no further material tenant default occurring. The financial results on which this trading statement is based have not been reviewed or reported on by Newpark's auditors. The financial results of Newpark for the year ended 28 February 2019 will be published on or about 31 May 2019. 25 January 2019 Sponsor Java Capital Date: 25/01/2019 05:45:00 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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