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GRIT REAL ESTATE INCOME GROUP LIMITED - Currency Exchange Rate (South African Rand) For Final Dividend

Release Date: 08/10/2019 14:37
Code(s): GTR     PDF:  
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Currency Exchange Rate (South African Rand) For Final Dividend

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”)

CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND) FOR FINAL DIVIDEND

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, refers Grit shareholders to the announcement released on the Stock Exchange
of Mauritius Ltd (“SEM”), the London Stock Exchange (“LSE”) and the Johannesburg Stock Exchange Limited (“JSE”)
on Monday, 30 September 2019, relating to the payment of a cash dividend for the six months ended 30 June 2019
(“Final Dividend”).

Shareholders on the South African share register will receive the Final Dividend in South African Rand (“ZAR”),
converted from United States Dollars (“USD”) at an exchange rate of USD1.00: ZAR15.34910. Accordingly, the Final
Dividend of US$ 6.95000 cents per share will be equal to ZAR 106.67625 cents per share.

In accordance with 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 register:
•     the gross local Final Dividend amount is ZAR106.67625 cents per share for shareholders exempt from paying South
      African Dividends Tax; and
•     the net local Final Dividend amount is ZAR85.34100 cents per share for shareholders liable to pay South African
      Dividends Tax.

A dividend withholding tax will be applicable to shareholders who are not exempt.

For the avoidance of doubt, the Dividend Tax, and therefore the information provided in this announcement, is only of
direct application to shareholders on the South African register.

By order of the Board

8 October 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), while its listing on the Official Market of the Stock
Exchange of Mauritius Ltd is termed as a secondary listing (SEM: DEL.N0000).

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

*This is a target only and not a profit forecast and there can be no assurance that it 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+, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel Esson Jonah+, 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: 08/10/2019 02:37:00
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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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