Half Year Abridged Unaudited Consolidated Results For The Six Months Ended 31 December 2019 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”) HALF YEAR ABRIDGED UNAUDITED CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019 1. SALIENT FEATURES Net Property Income increased by 15.7% to US$ 17.8 million, from US$ 15.4 million in the prior corresponding period. Headline earnings per share increased by 1.1% to US$ 2.80 cents per share, from US$ 2.77 cents per share in the prior corresponding period. Earnings per share decreased by 39.8% to US$ 4.26 cents per share, from US$ 7.07 cents per share in the prior corresponding period. Adjusted EPRA earnings per share increased by 5.8% to US$ 5.67 cents per share, from US$ 5.36 cents per share in the prior corresponding period. Dividends per share unchanged at US$ 5.25 cents per share. Net asset value per share decreased by 4.6% to US$ 128.3 cents per share, from US$ 134.5 cents per share in the prior corresponding period. EPRA Net asset value per share increased by 1.1% to US$ 144.7 cents per share, from US$ 143.1 cents per share in the prior corresponding period. 2. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full Announcement can be found at: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/GTRE/HY20.pdf Copies of the Full Announcement is also available for viewing on the Company’s website at http://grit.group/regulatory-news-sens/ or may be requested in person, at the Company’s registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. 13 February 2020 Sponsor PSG Capital Date: 13-02-2020 09:00:00 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.