Trading Statement ADRENNA PROPERTY GROUP LIMITED (Registration Number 1998/012245/06) Share Code: ANA ISIN: ZAE000163580 (“Adrenna” or “the Group”) TRADING STATEMENT In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ, by at least 20%, from those of the previous corresponding period. Shareholders are advised that: - the Group’s headline earnings per share (“HEPS”) for the year ended 28 February 2019 are expected to be between -0.07 and -0.79 cents per share, reflecting a decrease of between 101% and 111% from the HEPS of 7.2 cents per share reported for the year ended 28 February 2018; - basic earnings per share (“EPS”) for the year ended 28 February 2019 are expected to be between 0.6 and 1.4 cents per share, reflecting a decrease of between 98% and 95% from the EPS of 28 cents per share reported for the year ended 28 February 2018. - Net asset value and tangible net asset value per share is expected to be between 290.6 and 292.9 cents per share reflecting an increase of between 0.2% and 1% on the net asset value and tangible net asset value per share of 290 cents reported for the year ended 28 February 2018. The final announcement of the results for the year ended 28 February 2019 will be released on SENS on or about 18 June 2019. This trading statement and the forecast financial information contained herein has not been reviewed and reported on by the Group’s external auditors. Johannesburg 11 June 2019 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 11/06/2019 05:35:00 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.
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