ATTACQ LIMITED - Condensed unaudited consolidated interim financial results for the six months ended 31 December 2021

Condensed unaudited consolidated interim financial results for the six months ended 31 December 2021

ATTACQ LIMITED
Incorporated in the Republic of South Africa
Registration number 1997/000543/06
JSE share code: ATT ISIN: ZAE000177218
(Approved as a REIT by the JSE)
(Attacq or Company or Group)


SHORT-FORM ANNOUNCEMENT:
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2021



    1.   Distributable income per share increased by 33.6% (31 December 2020: declined by 57.5%)
    2.   Net asset value per share increased by 7.1% (31 December 2020: declined by 26.6%)
    3.   Group gearing improved to 38.0% (31 December 2020: 46.3%)
    4.   COVID-19 rental discounts provided reduced by 84.3% to R8.5 million
    5.   Growth in weighted average trading density over 12 months of 8.7% (31 December 2020: declined by 6.5%)
    6.   Developments under construction in Waterfall City of 59 395m2 (31 December 2020: 17 283m2)


FINANCIAL PERFORMANCE
                                                      31 December 2021        31 December 2020            % change
 Distributable income per share          cents                    28.2                    21.1                33.6
 Total assets                            R'000              21 577 860              24 104 944               (10.5)
 Net asset value per share               cents                   1 683                   1 571                 7.1
 Gross revenue                           R'000               1 392 384               1 207 593                15.3
 Profit (loss) per share                 cents                    99.8                   (56.4)              277.0
 Headline earnings per share             cents                    70.5                    29.3               140.6

This short-form announcement is the responsibility of the directors and is a summary of the full announcement released on
SENS on 22 March 2022 and does not include full or complete details. The short-form announcement has not been audited
or reviewed by the Company's external auditors. The full announcement is available on the Company's website at
www.attacq.co.za/investor-hub and can be accessed using the following JSE link:


https://senspdf.jse.co.za/documents/2022/jse/isse/ATT/2022HYRES.pdf


The Group has restated its prior period financial statements. For more information, refer to the full announcement.

The full announcement is available for inspection at the registered offices of the Company or its sponsor, at no charge,
during office hours from Tuesday, 22 March 2022 to Tuesday, 29 March 2022. Copies of the full announcement may be
requested via email from brenda@attacq.co.za or sponsor@javacapital.co.za. Any investment decision should be based
on the full announcement available on the Company’s website.

DIVIDEND
The board of directors has elected to take a conservative approach to capital management and has therefore resolved
not to declare an interim dividend for the six months ended 31 December 2021.

By order of the board

Attacq Limited

22 March 2022

Independent non-executive directors
P Tredoux (chairperson)
HR El Haimer (lead independent)
TP Leeuw
IN Mkhari
S Shaw-Taylor
AE Swiegers
JHP van der Merwe

Executive directors
JR van Niekerk (CEO)
R Nana (CFO)

Interim company secretary
B Baker

Registered office
ATT House, 2nd Floor, Maxwell Office Park, 37 Magwa Crescent, Waterfall City, 2090

Postal address
PostNet suite 016, Private Bag X81, Halfway House, 1685

Transfer secretaries
Computershare Investor Services Proprietary Limited

Sponsor
Java Capital

Independent auditors
Ernst & Young Inc.

Date: 22-03-2022 07:15:00
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