Enhanced Investments - Financial Portal

Interim Financial Results and Interim Dividend Distribution Declaration for the Period Ended 30 September 2022

Published: 2022-11-24 10:00:29 ET

SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/015002/06
Share code: SAR
ISIN: ZAE000188280
(Approved as a REIT by the JSE)
(“Safari” or “the Company”)

CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL RESULTS AND
INTERIM DIVIDEND DISTRIBUTION DECLARATION FOR THE PERIOD ENDED 30
SEPTEMBER 2022

1. SALIENT FEATURES

- Property revenue increased by 9,5% to R192 million (2021: R175,5 million).

- Headline earnings per share increased by 38,8% to 37,93 cents per share (2021:
27,31 cents per share).

- Earnings per share increased by 38,8% to 37,93 cents per share (2021: 27,31 cents
per share).

- Distribution per share increased by 32% to 33 cents per share (2021: 25 cents per
share).

- The SA REIT net asset value per share increased by 4,3% to R8,56 per share (2021:
R8,21 per share).

2. DIVIDEND DECLARATION

The directors resolved to declare an interim gross dividend of 33 cents (2021: 25 cents)
per share from income reserves in respect of the six months ended 30 September 2022.
The dividend amount, net of South African dividend tax of 20%, is 26,4 cents (2021: 20
cents) per share for those shareholders who are not exempt from dividend tax. The
number of ordinary shares in issue at the declaration date is 310 826 016 including
treasury shares. The income tax number of the Company is 9012/264/14/0.

The salient dates of the dividend declaration are:

Declaration date Thursday, 24 November 2022
Last day to trade cum dividend Monday, 12 December 2022
Trading ex-dividend commences Tuesday, 13 December 2022
Record date Thursday, 15 December 2022
Payment date Monday, 19 December 2022

Shares may not be dematerialised or rematerialized between Tuesday 13 December
2022 and Thursday, 15 December 2022, both days inclusive.
3. SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement and does not
contain full or complete details. The full announcement is available on the JSE website
at https://senspdf.jse.co.za/documents/2022/JSE/ISSE/SAR/HY22.pdf.

Copies of the full announcement are available for viewing on the Company’s website at
https://www.safari-investments.com/investor-relations or may be requested in person, at
the Company’s registered office at 410 Lynnwood Road, Lynnwood, Pretoria, or from
the Sponsor, at no charge, during office hours 08:00 to 16:00, Monday to Friday.

Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement as a whole.

These interim results have not been reviewed nor audited by the Company’s auditor.

Pretoria
24 November 2022

Sponsor
PSG Capital

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.
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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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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.