VUKILE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06)

JSE share code: VKE NSX share code: VKN ISIN: ZAE000180865

Bond company code: VKEI (Granted REIT status with the JSE)

("Vukile" or "the Company")

UPDATE TO GUIDANCE

Shareholders are referred to Vukile's unaudited condensed consolidated interim results for the six months ended 30 September 2021, as published on SENS on 30 November 2021, where Vukile guided the market to a full-year FFO of at least 125cps and DPS of at least 80cps.

Given strong trading performance for the year to date, the Company is pleased to update its guidance for the year ending 31 March 2022 as follows:

- FFO of 130cps to 135cps; and

- DPS of 100cps to 105cps.

The dividend pay-out ratio will approximate 75% to 80% of total group FFO for the year ending 31 March 2022.

Shareholders are advised that a copy of the pre-close investor presentation is available on the Company's website as follows:https://www.vukile.co.za/cmsAdmin/uploads/pre-close_presentation_2022FY

30 March 2022

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Vukile Property Fund Limited published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 08:14:02 UTC.