REBOSIS PROPERTY FUND LIMITED (IN BUSINESS RESCUE)
Incorporated in the Republic of South Africa
(Registration number: 2010/003468/06)
JSE share code: REA ISIN: ZAE000240552
JSE share code: REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

BUSINESS RESCUE QUARTERLY UPDATE

In terms of paragraph 1.11(c) of the JSE Limited (the “JSE”) Listings Requirements, Rebosis is required
to release a quarterly update advising holders of securities of the current state of affairs of Rebosis.


Delay in publication of Business Rescue Plan

The publication of the Business Rescue Plan was scheduled for 1 December 2022, however, on the
advice of the joint Business Rescue Practitioners and subject to creditors' approval, it is being further
delayed. The joint Business Rescue Practitioners have requested an extension to Friday, 20 January
2023.

Delay in financial reporting

In terms of the JSE Listings Requirements, if an issuer has not distributed audited annual financial
statements within three months of its financial year-end, it must publish provisional annual financial
statements which at a minimum must be reviewed by the Company’s auditors. Rebosis has not been
able to publish audited annual financial statements or reviewed provisional annual financial statements
for the year ended 31 August 2022 (“FY22”) by 30 November 2022 due to the following reasons:

•     the audit process in respect of the FY22 annual financial statements is still ongoing;
•     in order for the external auditors to finalise their opinion, they require the Company to have
      authorised and approved the valuations of the investment property. These valuations have been
      completed by an independent 3rd party and are currently being reviewed internally; and
•     the Company only intends to publish its FY22 audited annual financial statements after approval
      of the Business Rescue Plan (which is anticipated to occur in January 2023) as this is an
      important component of the external auditors' assessment of the Company's ability to continue
      as a going concern.

The external audit of the FY22 annual financial statements should be completed within 60 days of the
adoption of the Business Rescue Plan, whereafter Rebosis will be in a position to release its FY22
audited annual financial statements. Further, the Company's Integrated Annual Report for FY22 will not
be available by 31 December 2022 as required by the JSE Listings Requirements.


Operational update

An update of the Company’s operational highlights for FY22, including details of lease renewals and
vacancies, is available on the Company’s website at https://www.rebosis.co.za/investor-
relations/financial-results-presentations/

The information in the operational update and this announcement has not been reviewed or reported
on by the Company’s auditors.
Rebosis remains committed to meeting its continuing obligations under the JSE Listings Requirements
as soon as practicable.




8 December 2022

Joint BRPs:         Phahlani Mkhombo and Jacques du Toit
Sponsor:            Nedbank Corporate and Investment Banking, a division of Nedbank Limited