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Voluntary update – COVID-19
REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)
VOLUNTARY UPDATE – COVID-19
The Board of directors of Rebosis (the Board) supports the decisive action taken by government in
curbing the impact of COVID-19 (the Coronavirus). As a significant landlord to retailers and
government, we are cognisant of our responsibility in placing the safety of staff, tenants, shoppers
and the communities in which we operate first.
In terms of its business continuity process and response plan, the Board has mandated a task team
(the Task Team) led by Rebosis’ executive management to monitor the situation and provide feedback
to the Board on an ongoing basis.
We have implemented domestic and international travel restrictions and remote working policies
where applicable across all our operations.
As a preventative measure, we have increased the number of cleaning hours and also escalated our
cleaning protocol, using high-grade disinfectants across our portfolio. We are further making hand
sanitiser available to office staff, shoppers and have encouraged our tenants to do the same. We have
further launched an information campaign on how to curb the spread of the Coronavirus both publicly
across all our buildings and internally to staff.
Retail sector
We have implemented a 5-tier response plan for our shopping centres, dependent on severity of the
Coronavirus. The plan escalates from its lowest level (level 5) which entails information campaigns, to
its highest level (level 1) which provides for a complete shutdown of the shopping centre. Government
has to date not placed any restrictions on trading at shopping centres. The Board, through the Task
Team, continuously monitors developments on the possible implementation of social distancing
measures by government. We have currently implemented level 4 of the response plan, which
involves providing alcohol-based hand sanitisers and increasing cleaning frequency and protocols. The
Response Team envisage escalating to level 3 within a week, which will involve the consolidation of
access points to increase sanitisation, compulsory use of masks by all staff and tenants and limiting
numbers in gathering places. Should the Response Team escalate to level 2, access will be further
restricted and the use of masks will become mandatory by all who enter the shopping centre. Certain
high-risk facilities may also be closed.
Office sector
A number of tenants have adopted a work from home approach or other social distancing measures.
We are however installing sanitisers at all entrance points and common area of buildings, where they
are not single tenanted.
Conclusion
Rebosis realizes that the impact of the COVID-19 pandemic is a serious and fluid matter. We remain
committed to support efforts that will limit the spread of the Coronavirus.
Stakeholders will be updated as the situation evolves.
18 March 2020
Investor relations
Articulate Capital Partners
Morne Reinders
082 480 4541
morne@articulatepartners.com
Noah Greenhill
082 881 0089
noah@articulatepartners.com
Sponsor
Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 18-03-2020 03:40:00
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