ATTACQ LIMITED - Condensed unaudited consolidated interim financial results for the six months ended 31 December 2020

Condensed unaudited consolidated interim financial results for the six months ended 31 December 2020

ATTACQ LIMITED
Incorporated in the Republic of South Africa
Registration number 1997/000543/06
JSE share code: ATT ISIN: ZAE000177218
(Approved as a REIT by the JSE)
(Attacq or company or group)


SHORT-FORM ANNOUNCEMENT: CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS
ENDED 31 DECEMBER 2020



    1.   Liquidity improved to R1.3 billion (31 Dec 2019: R962.9 million)
    2.   Group interest cover ratio of 1.40 times (31 Dec 2019: 1.91 times)
    3.   Distributable income per share declined by 57.5% (31 Dec 2019: increased by 23.9%)
    4.   Rental collection rate for the South African portfolio improved to 100.6% (31 Dec 2019: 98.8%)
    5.   South African portfolio valuations decreased by 3.2% from 30 June 2020 to 31 December 2020 on a like-for-like
         basis
    6.   South African portfolio occupancy levels improved to 96.4% (31 Dec 2019: 94.0%)


FINANCIAL PERFORMANCE
                                                        31 December 2020        31 December 2019                 % change
 Distributable income per share           cents                     21,1                    49,7                    (57.5)
 Total assets                             R’000               24 104 944              27 061 255                    (10.9)
 Net asset value per share                cents                    1 571                   2 141                    (26.6)
 Gross revenue                            R’000                1 207 593               1 194 948                      1.1
 Loss per share                           cents                    (56.4)                   (5.3)                   964.2
 Headline earnings per share              cents                     29.3                    35.8                    (18.2)

To align its terminology with that of the majority of REITs, Attacq will now refer to distributable income per share instead of
distributable earnings per share.

This short-form announcement is the responsibility of the directors and the contents were approved by the board on
23 March 2021. This short-form announcement is a summary of the full announcement released on SENS and published on
23 March 2021 and does not include full or complete details. The short-form announcement has not been audited or
reviewed by the company's external auditors. The full announcement is available on the company's website at
www.attacq.co.za/investor-hub and can be accessed using the following JSE link:

https://senspdf.jse.co.za/documents/2021/jse/isse/ATT/2021HYRES.pdf


The full announcement is available for inspection at the registered offices of the company or its sponsor, at no charge,
during office hours from Tuesday, 23 March 2021 to Tuesday, 30 March 2021. Copies of the full announcement may be
requested via email from brenda@attacq.co.za or sponsor@javacapital.co.za. Any investment decision should be based
on the full announcement available on the company’s website.

DIVIDEND
As per the announcement published on SENS on 30 June 2020, the board of directors has decided not to declare an
interim cash dividend for six months ended 31 December 2020.

By order of the board

Attacq Limited

23 March 2021

Independent non-executive directors
P Tredoux (chairperson)
HR El Haimer (lead independent)
TP Leeuw (appointed 10 February 2021)
IN Mkhari
BT Nagle (retired on 27 November 2020, being the date of the AGM)
S Shaw-Taylor
AE Swiegers (appointed 14 January 2021)
JHP van der Merwe

Executive directors
M Hamman (CEO, has resigned with effect from 30 April 2021)
R Nana (CFO)
JR van Niekerk (COO, has been appointed as CEO with effect from 1 May 2021)

Company secretary
A Matwa

Registered office
ATT House, 2nd Floor, Maxwell Office Park, 37 Magwa Crescent, Waterfall City, 2090

Postal address
PostNet suite 016, Private Bag X81, Halfway House, 1685

Transfer secretaries
Computershare Investor Services Proprietary Limited

Sponsor
Java Capital

Independent auditors
Ernst & Young

Date: 23-03-2021 07:05:00
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