Business update 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 (Approved as a REIT by the JSE) (“Resilient” or “the Company”) BUSINESS UPDATE Trading conditions in Resilient’s malls have continued to improve during the quarter ended September 2020. Entertainment, particularly cinemas, remains an area of concern and Resilient continues to be supportive of these tenants. Despite the remaining restrictions, restaurants’ turnovers improved significantly in September. Agreement for rentals over the lockdown period has been reached with tenants occupying over 98% of Resilient’s GLA. During the period 1 July 2020 to 21 October 2020, R28,2 million of rental discounts were provided, mainly to entertainment and leisure tenants. The Group collected 91,7% of rental and recoveries billed (before discounts) during this period and management expects collections to continue to improve. The trend of increased expenditure on essentials, particularly groceries, is expected to continue. To meet this demand, Resilient is in negotiations to introduce additional national grocery anchors to five of its malls. 22 October 2020 Sponsor Java Capital Date: 22-10-2020 04:10:00 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.