Enhanced Investments - Financial Portal

GRTI - Availability of the Growthpoint Integrated Annual Report for the year ended 30 June 2023

Published: 2023-10-31 18:47:20 ET

GROWTHPOINT PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Bond Issuer Code: GRTI
(“Growthpoint” or the “Company”)

AVAILABILITY OF INTEGRATED ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2023

Further to the announcement released on 13 September 2023, investors are advised that the Growthpoint
Integrated Annual Report and Annual Financial Statements for the year ended 30 June 2023 are available for
viewing and downloading at:


Integrated Annual Report

https://growthpoint.co.za/wp-content/uploads/2023/10/Integrated-annual-report-30-June-2023.pdf

Annual Financial Statements

https://growthpoint.co.za/wp-content/uploads/2023/09/Growthpoint-AFS-YE-30-June-2023_Final.pdf

https://growthpoint.co.za/wp-content/uploads/2023/09/Growthpoint-Results-Booklet_YE-30-June-
2023_Final.pdf

In terms of section 6.17(c) of the Debt Listings Requirements of the JSE Limited, investors are advised of the
below restatements in the Annual Financial Statements (refer to note 31 of the Notes to the annual financial
statements):

Expected credit losses on inter-company assets

The expected credit losses on the inter-company assets of R2.1bn were incorrectly included in the Fair value
adjustments, capital items and other charges line item (where it was separately disclosed in note 4.2 of the
annual financial statements) and not on the face of the Statement of profit or loss and other comprehensive
income, as required by IAS 1 Presentation of Financial Statements. There was no impact on total
comprehensive income for the year or other primary statements. This has been corrected by restating the prior
year numbers in the company financial statements.

The table below provides a summary of the numbers restated:
                                                                Previously   Restatement   Restated
                                                                reported     2022          2022
                                                                2022

 COMPANY                                                        Rm           Rm            Rm

 Statement of profit or loss and other comprehensive income

 Fair value adjustments, capital items and other charges        (5550)       2102          3448

 Expected credit losses on inter-company assets                 -            (2102)        (2102)



Johannesburg

31 October 2023

Debt Sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.