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GRIT REAL ESTATE INCOME GROUP LIMITED - Dealings In Securities By Grit Executive Share Trust

Release Date: 07/03/2019 12:10
Code(s): GTR     PDF:  
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Dealings In Securities By Grit Executive Share Trust

GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: GTR
LSE share code: GR1T
ISIN: MU0473N00036
(“Grit” or the “Company”)

                 DEALINGS IN SECURITIES BY GRIT EXECUTIVE SHARE TRUST

In compliance with paragraph 14.9(d) of schedule 14 and paragraphs 3.63 to 3.74 of the JSE Limited
Listings Requirements, the following information, relating to the dealing in securities by the trustees of
The Grit Executive Share Trust (“Share Trust”) is disclosed (the Share Trust is a Person Closely
Associated (“PCA”) with a PDMR for the purposes of the Market Abuse Regulation):

 NAME OF SCHEME                                         Grit Real Estate Income Group Limited Long-
                                                        Term Incentive Plan
 COMPANY TO WHICH THE SCHEME RELATES                    Grit Real Estate Income Group Limited
 TYPE AND CLASS OF SECURITIES                           Ordinary shares
 NATURE OF TRANSACTION                                  Purchase of shares by the Share Trust to
                                                        enable it to comply with its obligations in terms
                                                        of the Grit Real Estate Income Group Limited
                                                        Long-Term Incentive Plan (on-market
                                                        transaction)
 PRICE(S) AND VOLUME(S)
                                                         Price(s)      Volume(s)    Total(s)

                                                         R 19.50       2,455,000    R47,872,500
 AGGREGATED INFORMATION:
 WEIGHTED AVERAGE PRICE                                 As above
 VOLUME
 TOTAL RAND VALUE OF SECURITIES                         R47,872,500
 TRANSACTED
 DATE OF TRANSACTION                                    06 March 2019
 PLACE OF THE TRANSACTION                               Johannesburg Stock Exchange, Main Market
                                                        (JSE)

Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the Listings
Requirements of the JSE Limited and Appendix 6 of the Listings Rules of the Stock Exchange of
Mauritius Ltd.

By order of the Board

7 March 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.*

The Company currently holds primary listings on both the Main Market of the London Stock Exchange
(LSE: GR1T) and on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with a
secondary listing on the Official Market of the Stock Exchange of Mauritius (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+, Sir Samuel Esson Jonah+ 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: 07/03/2019 12:10:00 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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