STOR-AGE PROPERTY REIT LIMITED - Financial Covenant Compliance

Financial Covenant Compliance

STOR-AGE PROPERTY REIT LIMITED
Incorporated in the Republic of South Africa
Registration number: 2015/168454/06
Alpha code: SSSI
Approved as a REIT by the JSE
("Stor-Age")

FINANCIAL COVENANT COMPLIANCE

Bondholders are advised that in accordance with the requirements of the Stor-Age ZAR5,000,000,000
Domestic Medium Term Note Programme Memorandum dated 22 March 2024, Stor-Age confirms
that:

•     the Loan to Value Ratio, meaning the ratio of Stor-Age Group Borrowings to the Stor-Age
      Group Net Assets, did not exceed 50%;
•     the Interest Cover Ratio, meaning EBITDA divided by Net Interest Paid, remained at a level of
      at least 2 times cover at all times; and
•     there has been no breach of the financial covenants during the year ended 31 March 2024.


28 June 2024

Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 28-06-2024 10:23:00
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