DELTA PROPERTY FUND LIMITED - Trading statement

Trading statement

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
REIT status approved
(“Delta” or the “Group”)

TRADING STATEMENT

Shareholders are referred to the trading statement released on SENS on 3 March 2020 which stated that
Delta expected distributable earnings per share for the year ended 29 February 2020 to be between 16%
and 20% lower than the prior financial year ended 28 February 2019.

Delta now has further reasonable certainty as required in terms of the JSE Limited Listings Requirements,
that:

•   the distributable earnings per share for the year ended 29 February 2020 will be between 37% (46.52
    cents per share) and 40% (44.30 cents per share) lower than the prior financial year (2019: 73.84
    cents per share);

•   the board has decided not to declare a final dividend for the six months ended 29 February 2020
    (2019: 15.99 cents per share) after carefully considering the forecast solvency and liquidity
    requirements of the Group in light of market uncertainty as a result of the COVID-19 pandemic and
    defensive capital expenditure obligations; and

•   as a result, the full distribution per share for the year ended 29 February 2020 is 78.0% (12.19 cents
    per share) lower than the full distribution for the prior financial year ended 28 February 2019 (55.39
    cents per share).

The information on which this trading statement is based have not been reviewed or reported on by
Delta’s auditors.

Delta expects to release its results for the year ended 29 February 2020 on Monday, 15 June 2020.


Johannesburg
15 June 2020

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 15-06-2020 07:05:00
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