Resilient REIT Limited (JSE:RES) News - Further disposal of shares in NEPI Rockcastle

RESILIENT REIT LIMITED
Incorporated in the Republic of South Africa
Registration number: 2002/016851/06
JSE share code: RES
ISIN: ZAE000209557
Bond company code: BIRPIF
LEI: 378900F37FF47D486C58
(Approved as a REIT by the JSE)
(“Resilient”)


FURTHER DISPOSAL OF SHARES IN NEPI ROCKCASTLE


Shareholders and noteholders are referred to the announcement released on SENS on 23 August 2021 regarding the
disposal of 24 961 485 shares in NEPI Rockcastle plc (“NEPI Rockcastle”) by Resilient prior to 23 August 2021.
Resilient has sold a further 10 254 111 NEPI Rockcastle shares on-market for an aggregate consideration of
c. R1,069 billion (the “latest disposals”) to date.

Resilient’s policy is to hold sufficient interest in investments to provide it with significant influence over the companies
in which it is invested. The latest disposals were effected in line with this policy. The proceeds of the latest disposals
have been used to reduce Resilient’s existing debt.

Additional required information

NEPI Rockcastle is the owner and operator of shopping centres in Central and Eastern Europe, with a presence in nine
countries. NEPI Rockcastle’s shares are listed on the JSE, Euronext Amsterdam and A2X.

The following profitability metrics are attributable to NEPI Rockcastle for the six months ended 30 June 2021:

                                                                                                         Euro cents
Distributable earnings per share                                                                              17,64
Basic/diluted earnings per share                                                                              19,96
Headline/diluted headline earnings per share                                                                  16,43

Categorisation of the disposals

The latest disposals of NEPI Rockcastle shares, when aggregated with previous disposals of NEPI Rockcastle shares
for a period of 12 months prior to the latest disposal, are classified as a category 2 transaction in terms of the JSE 
Listings Requirements and as such are not subject to shareholder approval.

14 February 2022


Sponsor                                                               Debt Sponsor
Java Capital                                                          Rand Merchant Bank
                                                                      (a division of First Rand Bank Limited)

Date: 14-02-2022 05:05:00
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