GEN – General – REMOVAL OF REIT STATUS

GEN – General – REMOVAL OF REIT STATUS


aReit Prop Limited (the "Company")
ALPHA CODE: APO
ISIN CODE: ZAE000306585


REMOVAL OF REIT STATUS


The JSE refers to its announcement of 20 February 2025 informing the market that the
Company's REIT status will be removed if it failed to submit a REIT Compliance Declaration
compliant with paragraph 13.49(d) of the JSE Listings Requirements ("Requirements").


The REIT declaration submitted by the Company does not constitute a complete and valid
submission as it is not supported by the Issuer's Audited Annual Financial Statements and
consequently, the JSE notified the Company of its decision to remove its REIT status in
accordance with paragraph 13.50(c) of the Requirements ("Decision").


On 8 April 2025, the Company objected to the JSE's decision in terms of section 1.4 of the
Requirements ("Objection"). The JSE carefully considered the reasons for the Objection in its
entirety including the further submissions and representations made by the Company in its
Objection. The JSE decided to dismiss the Objection, and the REIT status of the Company will
be removed with effect from the commencement of trade on Tuesday, 6 May 2025.


This announcement has been placed by the JSE in the interest of shareholders.


5 May 2025

Date: 05-05-2025 03:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.