Unaudited condensed interim results for the 6 months ended 31 August 2019 EXEMPLAR REITAIL LIMITED (Incorporated in the Republic of South Africa) Registration number : 2018/022591/06 JSE share code : EXP ISIN : ZAE000257549 Approved as a REIT by the JSE ("Exemplar") SHORT-FORM : UNAUDITED CONDENSED INTERIM RESULTS FOR THE 6 MONTHS ENDED 31 AUGUST 2019 31 August 2019 31 August 2018 28 February 2019 Revenue (R'000) 359 279 166 724 517 431 Basic and diluted earnings per share (cents) 67.48 37.84 144.03 Headline earnings per share (cents) 43.29 20.25 86.42 Net asset value per share (Rand) R11.09 R10.37 R10.83 Net asset value per share (excluding deferred tax) (Rand) R11.38 R10.64 R11.13 Dividend per share for the period (cents) 43.77 19.10 61.84 Declaration of dividend for the 6 months ended 31 August 2019 The board of directors of Exemplar ("the Board") has approved an interim dividend of 43.77000 cents per share for the 6 months ended 31 August 2019, which will be paid to shareholders in accordance with the timetable set out below: Last date to trade cum dividend Tuesday, 19 November 2019 Shares trade ex dividend Wednesday, 20 November 2019 Record date Friday, 22 November 2019 Payment date Monday, 25 November 2019 Share certificates may not be dematerialised or rematerialised between Wednesday, 20 November 2019 and Friday, 22 November 2019, both days inclusive. The dividend will be transferred to dematerialised shareholders' CSDP/broker accounts on Monday, 25 November 2019. Certificated shareholders' dividend payments will be paid to certificated shareholders' bank accounts on or about Monday, 25 November 2019. An announcement informing shareholders of the tax treatment of the dividend will be released separately on SENS. Short-form announcement This short-form announcement is the responsibility of the Board. It is a summary of the full announcement released on SENS and published on Exemplar's website (http://www.exemplarreit.co.za/wp-content/uploads/Exemplar-Unaudited- Results-for-6-months-ended-31-Aug-2019.pdf) on 1 November 2019 and does not contain all the details of the full announcement. Any investment decisions made by investors and / or shareholders should be based on consideration of the full announcement. The full announcement can be downloaded from https://senspdf.jse.co.za/documents/2019/jse/isse/EXPE/Aug2019.pdf and is available for inspection at the registered office of the company (Sokatumi Estate, Corner Lyttelton Road and Leyden Avenue, Clubview, Centurion, 0157), the company's website and the office of the sponsor, Java Capital (2nd Floor, 6A Sandown Valley Crescent, Sandown, Sandton, 2196) at no charge during normal business hours from Friday, 1 November 2019 to Monday, 11 November 2019. This short-form announcement has not been audited or reviewed by Exemplar's external auditors. By order of the Board 1 November 2019 Executive directors Jason McCormick (CEO) DA Church (CFO) John McCormick Non-executive directors FM Berkeley (Chairman) PJ Katzenellenbogen (Lead independent director) GVC Azzopardi EP Maponya Company Secretary A Booysen Registered Office Sokatumi Estate Cnr Lyttelton Road and Leyden Avenue, Clubview Centurion, 0157 PO Box 12169 Clubview 0014 Transfer Secretaries Computershare Investor Services Proprietary Limited Rosebank Towers 15 Biermann Avenue Rosebank Johannesburg 2196 PO Box 61051 Marshalltown 2107 Auditor BDO South Africa Incorporated Sponsor Java Capital Date: 01/11/2019 01:29:00 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.