(formerly Lighthouse Capital Limited)
                                                               Reg no: C 100848
                                                  Incorporated in Mauritius on 14 August 2014
                                                  Redomiciled to Malta on 29 December 2021
                                ISIN: MU0461N00015 | JSE share code: LTE | LEI: 549300UG27SWRF0X2U62
                                                (“Lighthouse” or the “Company” or the “Group”)



      SHORT-FORM ANNOUNCEMENT: SUMMARISED UNAUDITED
               CONSOLIDATED FINANCIAL RESULTS
                                                         for the six months ended 30 June 2022

Lighthouse is domiciled in Malta and is listed on the Main Board of the Johannesburg Stock Exchange Limited (“JSE”). The Group
invests directly and indirectly in dominant and defensive retail malls located in large and mid-sized cities with strong economic
support and growth.
Lighthouse achieved 1,754 EUR cents of distributable earnings per share for 1H2022.
The Board has declared an interim distribution of 1,625 EUR cents per share for 1H2022. This represents a 0,9% increase
compared to the 1,610 EUR cents for 1H2021. The Board’s distribution policy allows for the retention of distributable earnings
and the payout ratio for 1H2022 is 92,6%.
Shareholders will have the option to receive a scrip distribution of 1,625 EUR cents per share or a cash distribution of
1,462 EUR cents per share. A circular in this regard will be distributed in due course.

                                                                                                        Unaudited            Unaudited
                                                                                                            for the              for the
                                                                                                       six months           six months
                                                                                                            ended                ended
                                                                                                         Jun 2022             Jun 2021            Movement

Total revenue (EUR)                                                                                    35 246 982           11 961 879           23 285 103
Basic and diluted earnings/(loss) per share (EUR cents)                                                         0,72                (4,84)                5,56
Headline earnings/(loss) and diluted headline loss per share (EUR cents)                                        0,78                (2,37)                3,15
Interim distribution (EUR cents per share)                                                                      1,63                 1,61                 0,02
Management accounts information:
Net asset value per share (EUR cents)                                                                         36,43                47,75                (11,32)
Loan-to-value (%)#                                                                                            31,38                11,32                 20,06
#
    The loan-to-value ratio is calculated by dividing total interest-bearing borrowings, adjusted for cash and cash equivalents and derivative collateral, by the
    total of investments in property, listed securities at fair value, investment in associate at fair value, derivative financial instruments, and loans advanced.


OUTLOOK
The properties in Portugal, Spain, and Slovenia are performing well and are well positioned for future growth. The French portfolio
is undergoing considerable redevelopment, refurbishment, and reletting. This will place the company in a strong position and will
facilitate the letting of vacant space which was not included in the initial acquisition price.

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 include full or complete details. The full announcement was released on SENS on 11 August 2022
and can be accessed by visiting the Company’s website at https://www.lighthouse.mt/financials/ or by following this hyperlink:
https://senspdf.jse.co.za/documents/2022/jse/isse/LTEE/FY_Q22022.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 Friday, 12 August 2022 to Friday, 19 August 2022. Any investment decision should be based on the full announcement
published on SENS and available on the Company’s website.

By order of the board

Maitland Malta Limited
Company Secretary
Malta – 11 August 2022
                                                                                                                              www.lighthouse.mt
Directors: Mark Olivier (chairperson); Stuart Bird; Karen Bodenstein; Desmond de Beer; Anthony Doublet; Stephen Paris; Barry Stuhler; Justin Muller (CEO)*;
Edward Mc Donald (COO)*; Jacobus van Biljon (CFO)* (* Executive director)
Registered address: 4th Floor, Office 41, Block A, IL-Piazzetta Tower Road, Sliema, SLM 1605, Malta
Transfer secretary in South Africa: JSE Investor Services Proprietary Limited
JSE sponsor: Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196
Maltese management company and company secretary: Maitland Malta Limited (part of the Stonehage Fleming Group)