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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