CORPORATE OVERVIEW

Key Facts as at 31 March 2018

Group Overview – TOTAL PROPERTY RELATED ASSETS

Focused Retail REIT in South Africa with growing Spanish retail exposure

Key facts

Value R13.2b (91% of total direct portfolio)     46% of income from top 10 tenants
46 Properties     Wale of 3.7 years
GLA 810,398m²     Average base rentals R130.44/m²
Average asset value R288m     Contractual rental escalation 7.1%
Average discount rate 13.3%     Rent reversions + 5.2%
Average exit capitalisation rate 8.2%     Rent to sales ratio 6.0%
3.4% Vacant     Average annualised trading density R27 598/m²
82% of retail space let to national tenants     Net cost ratio 16.8%

Our vision

At Vukile we aspire to be a leading international REIT generating sustainable growth in earnings and superior returns for our stakeholders through our portfolio optimisation, data-driven asset management, active dealmaking, conservative financial management and the provision of a top-quality experience for our tenants and their customers in our predominantly retail portfolio.