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Trading statement

Buy Indluplace Properties Stocks
Published: 2023-05-23 15:50:24 ET
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INDLUPLACE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
JSE share code: ILU ISIN: ZAE000201125
(Approved as a REIT by the JSE)
(“Indluplace” or “the Company”)


TRADING STATEMENT


In accordance with the scheme implementation agreement concluded between Indluplace and SA Corporate Real Estate
Limited (details of which have been provided to shareholders in the joint firm intention announcement released on
14 March 2023 and the circular distributed to Indluplace shareholders on 5 May 2023), Indluplace will not declare any
interim dividend, but will declare a clean-out dividend prior to the scheme being implemented. Should the scheme of
arrangement lapse, the board of Indluplace will revisit the declaration of an interim dividend.

Shareholders are advised that the Company’s distributable income for the six months ended 31 March 2023 (“HY2023”)
will be as follows:

 Distributable income (R)                                              HY2023         Six months           % change
                                                                                        ended 31
                                                                                      March 2022
 Excluding interest on loans to participants of the Indluplace
 Share Purchase and Option Scheme (“Scheme Interest”)                 56 513 618       52 690 327               7.3%
                                                                               *
 Scheme Interest                                                              -         2 435 405
 Including Scheme Interest                                           56 513 618        55 125 732               2.5%

The financial information contained in this trading statement has not been reported on by the Company’s auditors.
Indluplace’s results for HY2023 will be released on Wednesday, 24 May 2023. The Company will be hosting its results
presentation for HY2023 via webcast at 10h00 on Wednesday, 24 May 2023. To register and for further details, please
contact investorrelations@indluplace.co.za.

Responsibility statement
The Indluplace board accepts responsibility for the information contained in this announcement insofar as it relates to
Indluplace. To the best of its knowledge and belief, the information contained in this announcement is true and this
announcement does not omit anything likely to affect the import of the information.

* The interest on the loans related to the Indluplace Share Purchase and Option Scheme will only be recognised once a
dividend is declared.

23 May 2023


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