Indluplace Properties Limited (JSE:ILU) News - Correction to short-form unaudited results for the six months ended 31 March 2021

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”)


CORRECTION TO SHORT-FORM UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2021


Shareholders are referred to Indluplace’s short-form unaudited results for the six months ended 31 March 2021 released
on SENS today (20 May 2021) (“short-form announcement”), and are advised that the disclosure of diluted earnings
per share, headline and diluted headline earnings per share and net asset value per share for the prior period, being the
six months ended 31 March 2020, were incorrectly extracted from the full unaudited results for the six months ended
31 March 2021. The correct figures are detailed in the table below:

FOR THE SIX MONTHS ENDED 31 MARCH 2021
                                                                                              6 MONTHS ENDED
                                                   INCREASE /DECREASE               31 MARCH 2021        31 MARCH 2020
                                                                    %
 Revenue (Rand)                                                (12,0%)                294 217 811          334 415 016
 Operating profit^ (Rand)                                      (27,5%)                121 434 554          167 418 908
 Earnings (Rand)                                             2 244,3%                  89 764 581            3 828 990
 Earnings per share (cents)                                  2 242,5%                       28,11                 1,20
 Diluted earnings per share (cents)                          2 221,7%                       27,86                 1,20
 Headline earnings per share (cents)                           130,0%                       28,11                12,22
 Diluted headline earnings per share (cents)                   128,0%                       27,86                12,22
 Net asset value per share (cents)                              (7,8%)                     782,88               849,08
 ^ Rental income less property costs

All other information contained in the short-form announcement, as well as that contained in the full unaudited results
for the six months ended 31 March 2021 published earlier today, remains unchanged.

20 May 2021


Sponsor
Java Capital

Date: 20-05-2021 04:18:00
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