HYPROP INVESTMENTS LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Hyprop Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1987/005284/06)
Share Code: HYP
ISIN Code: ZAE00003430
("Hyprop" or "the company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Combined unitholders are advised that the distribution per combined unit for the
year ended 31 December 2003 will be significantly higher ("significantly" being
a change of less than 10% but regarded as price sensitive, as defined by the
Listing Requirements of the JSE Securities Exchange South Africa) than that for
the year ended 31 December 2002 and the forecast for the year ended 31 December
2004 of 135,12 cents per combined unit published on 11 September 2003 ("the
forecast").
The forecast was based on a number of assumptions with regard to, inter alia,
rentals, vacancies, operating costs and interest rates on the borrowings
procured for the acquisition of Canal Walk Shopping Centre, all of which have
achieved results more favourable than were projected.
As the results for the year ended 31 December 2003 ("the results") have not been
reviewed or reported on by Hyprop"s auditors, combined unitholders are advised
to exercise caution when dealing in Hyprop"s combined units until the release of
the results, which is expected to be during the last week of February 2004.
Johannesburg
12 February 2004
Corporate Advisor and Sponsor
Java Capital (Proprietary) Limited
Date: 12/02/2004 05:24:02 PM Produced by the JSE SENS Department
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