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 14 February 2022 regarding the
disposal of 35 215 596 shares in NEPI Rockcastle plc (“NEPI Rockcastle”) by Resilient prior to 14 February 2022.
Resilient has sold a further 10 471 115 NEPI Rockcastle shares for an aggregate consideration of c. R993 million (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 year ended 31 December 2021:

                                                                                                              Euro cents
 Distributable earnings per share                                                                                  34,42
 Basic/diluted earnings per share                                                                                  38,59
 Headline/diluted headline earnings per share                                                                      33,53

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 disposals, are classified as a category 2 transaction in terms of the JSE
Listings Requirements and as such are not subject to shareholder approval.

28 July 2022

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

Date: 28-07-2022 04:55:00
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