INGENUITY PROPERTY INVESTMENTS LIMITED - Trading statement

Trading statement

INGENUITY PROPERTY INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE000127411 JSE share code: ING
(“Ingenuity” or “the company”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised
that Ingenuity expects to report for the six months ended 28 February 2019:

-   headline earnings per share (“HEPS”) of 2.5 cents, which is an increase of 400% when
    compared to HEPS of 0.5 cents reported for the corresponding six months ended 28
    February 2018; and
-   earnings per share (“EPS”) of 5.6 cents, which is a decrease of 26% when compared to EPS
    of 7.6 cents reported for the corresponding six months ended 28 February 2018.

HEPS has increased mainly due to a decrease in net finance costs and the related tax effects
thereof, compared to the corresponding six months ended 28 February 2018, resulting from
lower borrowings due to sales of properties.

EPS has decreased mainly due to net increases in the fair value adjustments to properties being
substantially lower than the comparative period due to less properties in the portfolio and
adjustments to lower market growth assumptions.

The above information has not been reviewed or reported on by the company’s auditors and
Ingenuity’s unaudited consolidated results for the six months ended 28 February 2019 are
expected to be published on or about 26 April 2019.

Cape Town
18 April 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 18/04/2019 03:35:00 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.