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GRIT REAL ESTATE INCOME GROUP LIMITED - CANCELLATION OF S420803 Dividend Declaration

Release Date: 30/09/2019 09:49
Code(s): GTR
Wrap Text
CANCELLATION OF S420803 Dividend Declaration

GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
LSE share code: GR1T
SEM share code: DEL.N0000
JSE share code: GTR
ISIN: MU0473N00036
(“Grit” or the “Company”)

                                            DIVIDEND DECLARATION

Grit Real Estate Income Group Limited, a leading pan-African real estate company focused on investing in and actively
managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases
with high quality multi-national tenants, advises Shareholders that dividend number 11 of US$ 6.9500 cents per share
for the six months ended 30 June 2019 has been approved and declared by the Board of the Company. The source of
the cash dividend is from rental income and cum-dividend reserve.

Salient dates and times

For shareholders on the Mauritian Register                                                 2019

Announcement of cash dividend on JSE, SEM and LSE                                          Monday, 30 September

Announcement of US$ to Rand conversion rate released on SEM website by no
later than 1:00pm                                                                          Tuesday, 8 October

Last date to trade cum dividend                                                            Tuesday, 15 October

Shares trade ex-dividend                                                                   Wednesday, 16 October

Record date of dividend on the SEM                                                         Friday, 18 October

Payment date of dividend                                                                   Friday, 15 November

Notes

1. All dates and times quoted above are local dates and times in Mauritius. The above dates and times are subject to
   change. Any changes will be released on the SEM website.

2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 16 October 2019
   and Friday, 18 October 2019, both days inclusive.

3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
   8 October 2019 and Friday, 18 October 2019, both days inclusive.

For shareholders on the South African Register                                             2019

Announcement of cash dividend on JSE, SEM and LSE                                          Monday, 30 September

Announcement of US$ to Rand conversion rate released on SENS by no later
than 11:00am                                                                               Tuesday, 8 October

Last date to trade cum dividend                                                            Tuesday, 15 October

Shares trade ex-dividend                                                                   Wednesday, 16 October

Record date of dividend on the JSE                                                         Friday, 18 October

Payment date of dividend                                                                   Friday, 15 November

Notes

1. All dates and times quoted above are local dates and times in South Africa. The above dates and times are subject
   to change. Any changes will be released on SENS.

2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 16 October 2019
   and Friday, 18 October 2019, both days inclusive.

3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
   8 October 2019 and Friday, 18 October 2019, both days inclusive.

4. Shareholders on the South African sub-register will receive dividends in South African Rand, based on the exchange
   rate to be obtained by the Company on or before Tuesday, 8 October 2019. A further announcement in this regard
   will be made on Tuesday, 8 October 2019.

For shareholders on the UK Register                                                         2019

Announcement of cash dividend on JSE, SEM and LSE                                           Monday, 30 September

Announcement of US$ to Rand conversion rate released on the Regulatory
Information Service of the LSE by no later than 10:00am                                     Tuesday, 8 October

Last date to trade cum dividend                                                             Wednesday, 16 October

Shares trade ex-dividend                                                                    Thursday, 17 October

Record date of dividend on the LSE                                                          Friday, 18 October

Last date for receipt of currency election forms                                            Friday, 1 November

Payment date of dividend                                                                    Friday, 15 November

Notes

1. All dates and times quoted above are local dates and times in the UK. The above dates and times are subject to
   change. Any changes will be released on a Regulatory Information Service of the LSE.

2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 16 October 2019
   and Friday, 18 October 2019, both days inclusive.

3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday,
   8 October 2019 and Friday, 18 October 2019, both days inclusive.

4. Shareholders on the UK sub-register will receive dividends in US$. However, shareholders can elect to have
   dividends paid in sterling (GBP) and the option to elect a sterling dividend payment for this dividend will be available
   to shareholders until Friday, 1 November 2019 (the "Election Date").

5. Further details together with a copy of the Dividend Currency Election Form, which should be sent to Link Asset
   Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when completed, will be available on the
   Company's website shortly at http://grit.group/. CREST shareholders must elect via CREST.

In terms of the JSE Listings Requirements regarding Dividends Tax, the following information is only of direct application
to shareholders on the South African share register, as the dividend is regarded as a foreign dividend for shareholders
on the South African share register:

• the final dividend is subject to South African Dividends Tax;
• the local dividend tax rate is 20%;
• there is no withholding tax payable in Mauritius;
• the number of ordinary shares in issue is 306 396 035; and
• the Mauritian income tax reference number of the Company is 27331528.

By Order of the Board

30 September 2019

FOR FURTHER INFORMATION, PLEASE CONTACT:

Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer                                      +230 269 7090
Darren Veenhuis, Head of Investor Relations                                   +44 779 512 3402
Morne Reinders, Investor Relations                                            +27 82 480 4541

Maitland/AMO – Communications Adviser
James Benjamin                                                                +44 20 7379 5151
Vikki Kosmalska                                                               Grit-maitland@maitland.co.uk
Jason Ochere

finnCap Ltd – UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)          +44 20 7220 5000
Mark Whitfeld (Sales)                                                         +44 20 3772 4697
Monica Tepes (Research)                                                       +44 20 3772 4698

Perigeum Capital Ltd – SEM Authorised Representative and Sponsor
Shamin A. Sookia                                                              +230 402 0894
Kesaven Moothoosamy                                                           +230 402 0898

PSG Capital – JSE Sponsor and Corporate Adviser
David Tosi                                                                    +27 21 887 9602

The Company’s LEI is: 21380084LCGHJRS8CN05

NOTES:

Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively
managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high
quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of
blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income
and capital growth. The Company is targeting a net total shareholder return inclusive of NAV growth of 12.0% p.a.*

The Company currently holds primary listings on both the Main Market of the London Stock Exchange (LSE: GR1T) and
on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with a secondary listing on the Official Market of
the Stock Exchange of Mauritius (SEM: DEL.N0000).

Further information on the Company is available at http://grit.group/

*These are targets only and not a profit forecast and there can be no assurance that they will be met. Any forward-
looking statements and the assumptions underlying such statements are the responsibility of the Board of directors
and have not been reviewed or reported on by the Company’s external auditors

Directors:

Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*,
Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+, David Love+ and Bright Laaka (Permanent
Alternate Director to Nomzamo Radebe).
(* Executive Director) (+ independent Non-Executive Director)

Company secretary: Intercontinental Fund Services Limited

Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène
72201, Mauritius

Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited

Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited

JSE sponsor: PSG Capital Proprietary Limited

Sponsoring broker: Axys Stockbroking Limited

SEM authorised representative and sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the LSE Listing Rules, JSE Listings Requirements, SEM Listing Rule 11.3 and the
Mauritian Securities Act 2005. The board of directors of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.
Date: 30/09/2019 09:49:59
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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