RESILIENT REIT LIMITED - BIRPIF - Financial Covenants Notification

BIRPIF - Financial Covenants Notification

Resilient REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2002/016851/06)
Bond company code: BIRPIF
(Approved as a REIT by the JSE)
(“Resilient” or “the Issuer”)

FINANCIAL COVENANTS NOTIFICATION

Bondholders are advised of the following financial covenant report.

The Issuer’s financial covenant, applicable to the listed notes, is required to be as follows:

    •   Loan to Value Ratio (“LTV ratio”) does not exceed 50% for the Resilient Group.

The Issuer confirms that the financial covenant testing for the period ending 30 June 2019 has been
completed and has been successfully passed, with the LTV ratio measuring 28,53%. This LTV ratio does
not take into account the R659 million of cash and cash equivalents of the Resilient Group.


29 August 2019

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/08/2019 12:55:00
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