AFINE INVESTMENTS LIMITED - Trading Statement

Trading Statement

AFINE INVESTMENTS LIMITED
APPROVED AS A REIT
(Incorporated in the Republic of South Africa)
Registration number 2020/852422/06
JSE share code: ANI       ISIN: ZAE000303947
("the Company")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required
to publish a trading statement as soon as it becomes satisfied that a reasonable degree of certainty exists
that the financial results for the next period to be reported on will differ by at least 20% from the financial
results for the previous corresponding period or a profit forecast previously provided to the market in
relation to such period.

Accordingly, following an upward revaluation of the Company's properties, the Company hereby
advises that a reasonable degree of certainty exists that the basic and diluted earnings per share for the
year ended 29 February 2024 ("the Period") will be 94.70 cents, representing an increase of 114.4%
compared to the basic and diluted earnings per share of 44.18 cents reported for the year ended 28
February 2023.

Headline earnings per share will be within 20% of the prior comparative period.

The financial information on which this trading statement is based has not been reviewed nor reported
on by the Company's auditors.

Afine's audited results for the year ended 29 February 2024 will be published on or about 31 May 2024.

BY ORDER OF THE BOARD
Cape Town
24 May 2024

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 24-05-2024 02:10:00
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