ORION REAL ESTATE LIMITED - Reviewed Summaries Interim Results for the 12 months ended 30 June 2019

Reviewed Summaries Interim Results for the 12 months ended 30 June 2019

Orion Real Estate Limited 

(Incorporated in the Republic of South Africa) 
(Registration number 1997/021085/06) 
Share code: ORE 
ISIN: ZAE000201695 
(“the Company” or “the Group”)

Reviewed Summarised Interim Results for the twelve months ended 30 June 2019 

Orion Real Estate Limited currently manages private property portfolios for related parties and its long-term goal is to also 
own properties outside South Africa whilst ensuring it remains acknowledged as one of the best employers in South Africa.

Financial Highlights 

Revenue	3.5% to R91,102,284 (2018: R87,982,847)
Operating profit  77.7% to R6,167,146 (2018: R27,675,680)
Earnings (loss) per share 829% to a loss of 17.13 cents per share (2018: earnings of 2,35 cents per share)
Headline earnings (loss) per share 1 326% to a loss of 18.15 cents per share (2018: earnings of 1,48 cents per share)
Tangible net asset value  19.5% to 77.54 cents per share (2018: 97,05 cents per share)

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 contain full or complete details. The full announcement can be found on the Company’s website at www.oriongroup.co.za and 
also at the following link:

https://senspdf.jse.co.za/documents/2019/JSE/ISSE/ORE/OREAR2019.pdf

The full announcement is available for inspection at the registered office of the Company and the office of the Sponsor at no charge
during office hours on weekdays.  Copies of the full announcement may also be requested by contacting the Company during office hours
on 011 718 6452. In line with the Group’s dividend policy, the Company has not declared a dividend (2018: R15,767,467). Any investment decision
should be based on consideration of the full announcement released on SENS on 1 October 2019, which can be obtained through the abovementioned link
and on the Company’s website, as a whole.

For and on behalf of the board

RS Wilkinson
Chairman
F Gmeiner CA(SA)
Chief Executive Officer

Johannesburg
1 October 2019
												

Directors: RS Wilkinson (Chairman)^, F Gmeiner (Chief Executive Officer)*, Dr AC Gmeiner^, MDK Mthembu^, TJ Oosthuizen^, A Ritzlmayr (Group Financial Director)*, * = Executive   ^ = Independent
Group Secretary: Corporate Governance Facilitators CC, Unit 258, 28 Galloway Street, Douglasdale (Private Bag X4 Jukskei Park), Johannesburg, 2153
Registered Office: 3rd Floor, 26 Wellington Rd, Parktown, Johannesburg, 2193
Transfer Secretary: Computershare Investor Services (Pty) Ltd, Registration number: 2004/003647/07, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196.  PO Box 61051, Marshalltown, 2107
Sponsor: Arbor Capital, 20 Stirrup Lane, Woodmead Office Park, Corner Woodmead Drive & Van Reenens Avenue, Woodmead, 2191
Registered Auditors: Nexia SAB&T, 119 Witch-Hazel Avenue, Highveld Technopark, Centurion

Date: 01/10/2019 12:59:00
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