RESULTS PRESENTATION RETAIL: EIKESTAD MALL PRECINCT Location Stellenbosch Total GLA 47 560m² Value R877 million Value/GLA R18 447/m² 11 OVERVIEW 1. Information provided in this table

RESULTS PRESENTATIONFOR THE SIX MONTHS ENDED

31 DECEMBER 2013

Reviewed Condensed Consolidated Financial Results for the six months ended 31 December 2013 I ATTACQ 1

NOTES

NOTES

AGENDA

ATTACQ AT A GLANCE

BUSINESS STRATEGY

RATIONALE FOR LISTING

STRATEGIC EXECUTION HIGHLIGHTS

NAV – PERFOMANCE METRIC

5 KEY DIFFERENTIATORS

OVERVIEW OF ASSETS

INVESTMENTS

DEVELOPMENTS

FINANCIAL REVIEW

PROSPECTS

Q&A

INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 DECEMBER 2013

2 ATTACQ I Reviewed Condensed Consolidated Financial Results for the six months ended 31 December 2013

NOTES

NOTES

4

BUSINESS STRATEGY

Utilise balance sheet to secure and fund developments

Investments – 65%*

Africa International South Africa

Increase in Risk/Return Profile

Developments – 35%*

Create pipeline

* Guideline

3

ATTACQ AT A GLANCE

CAPITAL GROWTH FUNDMetric Dec 2013 Jun 2013 % Change Change

Total assets R15.10 billion R13.35 billion 13%

NAV R7.48 billion R5.37 billion 39%

Current gearing 35.7% 41.4%

Shares in issue 580 416 250 449 406 150 29.2%

NAV per share R12.89 R11.96 7.8%

Property portfolio value R11.47 billion R10.50 billion 9.2%

Operational 14 properties 13 properties

Under development 13 properties 16 properties

Development pipeline 304 958m² 357 445m²

Rentable area (GLA) 446 252m² 435 842m²


NOTES

NOTES

6

STRATEGIC EXECUTION HIGHLIGHTS

Internalisation of the asset manager

Disposal of 4 non-core assets for R861 million: 17% above June 2012 carrying values

Consolidated the international portfolio via increasing shareholding in MAS to 47.2%

Increased effective shareholding in Waterfall to 85.9%

1.75 million m² Waterfall pipeline gained momentum. As at 31 December 2013:• 108 363m² completed• 215 892m² under construction

Broke ground on Waterfall’s super regional mall - Mall of Africa

Buyout of the minorities in retail assets (Attacq Retail Fund and Garden Route Mall)

Increased ownership to 100% in Brooklyn Bridge (post period end)

Acquired 12.4% of African Land Investments

5

RATIONALE FOR LISTING

• Strong institutional holding• R800 million raised on listing• R1.5 billion raised post period end

• Free float of 60%• Included in SAPY index• Total valued traded: R1.49 billion• Total shares traded: 90.6 million• Number of trades: 8 811

• Successful pre-listing ad campaign, site visit and roadshow• Shareholder base increased circa 500 to over 6 000• Solid demand for Attacq shares• 4.3% international holding

Create a capital raising platform

Provide liquidityto shareholders

Increased brand awareness


NOTES

NOTES

8

5 KEY DIFFERENTIATORS

Quality portfolio

Existing development pipeline

Future Waterfall development pipeline – 15 years

25% share in Atterbury – a developer

Diversification

• Africa

– Early mover to access high growth potential

• International

– Rand hedge

7

NAV – PERFORMANCE METRIC

Capital Growth Fund

Emphasis on net asset value per share (“NAVPS”) as opposed to yield

Income is re-invested into development pipeline

NAV growth from development profit/revaluation

December 2012 to December 2013 NAVPS growth of 19.9%


NOTES

NOTES

INVESTMENTSSOUTH AFRICA

9

OVERVIEW OF ASSETS

1. Gross assets2. Cost to date plus fair value adjustments3. Excludes the MBT building which is held as inventory at 31 Dec 2013 and 30 Jun 2013

R’000 Dec 2013 Jun 2013 % Change Change

Investments¹

South Africa 8 536 888 7 697 762 11%

Africa 819 094 679 690 21%

International 1 067 603 896 052 19%

Total 10 423 585 9 273 504 12%

Developments²

Under development 2 234 979 1 268 468 76%

Infrastructure and vacant land 2 439 440 2 807 417 (13%)

Total 4 674 419 4 075 885 15%

Total Gross Assets 15 098 004 13 349 389 13%


NOTES

NOTES

12

RETAIL: EIKESTAD MALL PRECINCT

Location Stellenbosch

Total GLA 47 560m²

Value R877 million

Value/GLA R18 447/m²

11

OVERVIEW

1. Information provided in this table is based on Attacq’s undivided share of GLA, property values, andaverage property values

2. The GLA excludes the Massmart yard area of 3 539m²

SectorTotal GLA¹

(m²)Value¹

(Rm) Vacancies¹Number of properties

Ave property value¹ (Rm)

Retail 195 879 3 975.8 1.68% 6 662.6

Offices/mixed use 119 375 2 626.1 4.66% 6 437.7

Hotel 7 946 162.0 0% 1 162.0

Light Industrial² 35 671 245.6 0% 1 245.6

Total 358 871 7 009.5 2.51% 14 500.7


NOTES

NOTES

14

Location Potchefstroom

Total GLA 53 051m²

Value R993 million


RETAIL: MOOIRIVIER MALL

13

RETAIL: GARDEN ROUTE MALL

Location George

Total GLA 53 362m²

Value R1,084 billion



NOTES

NOTES

16

MIXED USE: LYNNWOOD BRIDGE PRECINCT

* Includes Aurecon head office and excludes Phase IIII which is still under development.

Office* Retail Hotel Total

Location Pretoria

Total GLA 38 504m² 12 550m² 7 946m² 59 000m²

Value R1,1 billion R291 million R162 million R1,553 billion

Value/GLA R29 322/m² R23 187/m² R20 388/m² R26 814/m²

15

RETAIL: BROOKLYN MALL

Location Pretoria

Total GLA 74 506m²

Value R2,5 billion



NOTES

NOTES

18

Location Waterfall

Total GLA 35 671m²

Value R246 million


Lease term 15 years

LIGHT INDUSTRIAL: MASSBUILD

17

Location Waterfall

Total GLA* 44 200m²

Value R748 million


Lease term 15 years

OFFICE: CELL C CAMPUS


NOTES

NOTES

20

AFRICA STRATEGIES

Three pronged approach

Atterbury Africa

• 32.5% effective stake

• Focus on retail development opportunities in Africa

African Land Investments

• 12.4% stake

• Focus on the acquisition of completed retail assets

• 50% to be held by Atterbury Africa

Mauritius

• 41.8% effective stake

• Focus on development of Bagatelle precinct, Mauritius

• Strong local partner – ENL Group

INVESTMENTS AFRICA


NOTES

NOTES

22

AFRICAN LAND INVESTMENTS

Strong management – Kevin Teeroovengadum

Acquired a 12.4% stake for R110 million • Hyprop acquired 87%

Asset secured to date: 43 400m² Manda Hill Shopping Centre in Lusaka, Zambia• Fully let• Anchor tenants include Shoprite, Game, Woolworths, Homecorp, Foschini• Valued at $149 million as at 31 December 2013

21

ATTERBURY AFRICA

Property LocationGLA (m²)

(proposed*)

Atterbury Africa’s

ownership

Attributableproperty value

(USD’000) Status

Accra Mall Accra, Ghana 19 000 47% 38 328 Income producing, fully let

West Hills Mall Accra, Ghana 27 500 45% 42 087 Under development, expected completion date October 2014

Achimota Accra, Ghana 14 500* 75% 4 630 Land acquired and design finalised.Pre-letting in progress

Kumasi Kumasi, Ghana 27 800* 75% 4 851 Land acquired

Waterfalls Lusaka, Zambia 27 500* 25% 1 374 Land acquired for retail and hotel development


NOTES

NOTES

INVESTMENTS INTERNATIONAL

23

MAURITIUS

Bagatelle Precinct

Strategically located between the capital of Port Louis and the emerging Cyber City growth zone

44 543m² Mall of Mauritius opened in September 2011

Further pipeline of approximately 30 000m² of commercial bulk


NOTES

NOTES

26

NOVA EVENTIS

Nova Eventis

19% stake

96 000m²

Shopping centre focusing on lower and middle LSM market

German economic recovery – potential upside

25

MAS REAL ESTATE INC.

MAS

Integral part of Attacq’s diversification strategy:• Exposure to European markets• Strong management team• Attractive acquisition & development

pipeline • Quality operational portfolio• Successful private placement of R2.7bn

in March 2014 – doubled in market capitalisation

• Intention of listing on the JSE main boardin 2014

Consolidation of Attacq’s international assets:• August 2013: Acquired 2.8% in MAS in

return for Caltongate stake in Edinburgh• December 2013: Acquired 23.4% in MAS

in return for Karoo – further potential upside with Agterskot payment

21.13%

47.24%

2.75%

23.36%

Openingbalance

Caltongate Karoo deal Closingbalance

MAS shareholding evolution


NOTES

NOTES

28

DEVELOPMENTS OVERVIEW

Waterfall land – up to 15 year development pipeline

Existing development pipeline

Newly secured developments

DEVELOPMENTS


NOTES

NOTES

30

WATERFALL DEVELOPMENT BULK

December 2013

% of Approved Bulk

June 2013

% of Approved Bulk

Approved Bulk 1 752 488 100.0% 1 752 488 100.0%

Completed – Held 99 363 5.7% 44 059 2.5%

Completed – Sold 9 000 0.5% 9 000 0.5%

Under construction 215 892 12.3% 75 304 4.3%

Vacant 1 428 233 81.5% 1 624 125 92.7%

29

WATERFALL

Game changer

Infill development linking Sandton and Midrand/Pretoria

Centralised logistical positioning

323ha with 1.75 million m² of currently approved developable bulk(infrastructure planning for bulk of 2 million m²)

Development rolled out over the next 10 to 15 years

Excellent access • Allandale upgrade - free flowing interchange• Accessibility to major road infrastructure including

the M1, N1, N3 and R55 road networks

Land fully paid up

Opportunity to develop new city from the ground up• Sustainable and green principles• Best urban design principles in terms of

infrastructure, services and open public spaces


NOTES

NOTES

32

OFFICE: GROUP 5

Location Waterfall

Total GLA 23 139m²

Value R518 million


Lease term 12 years

Effective shareholding 85.9%

31

EXISTING PIPELINE*

* Excludes developments undertaken by associates of Attacq1. Includes the MBT building which is held as inventory as at 31 Dec 2013 and 30 Jun 2013

Waterfall¹ Other Total

Total Bulk 215 892m² 90 000m² 305 892m²

Total capital cost R4.50bn R1.57bn R6.07bn

Est value on completion R5.53bn R1.74bn R7.27bn

Value as at 31 December 2013 R1.50bn R865m R2.40bn

Number of buildings 11 2 13

Number of buildings completed before June 2014 5 - 5


NOTES

NOTES

34

WATERFALL – CITY LODGE

Location WaterfallTotal GLA 6 180m²Total capital cost R88.5 millionEstimated completion value R104.9 million*Expected completion date November 2014Lease term 10 yearsEffective shareholding 85.9%

* Director’s valuation

33

WATERFALL – MALL OF AFRICA


Location WaterfallTotal GLA 117 875m²Total capital cost R3.20 billionEstimated completion value R4.05 billion*Expected completion date April 2016Major tenants National and international retailersEffective shareholding 85.9%


NOTES

NOTES

36

Location WaterfallTotal GLA 26 286m²Total capital cost R188 millionPotential profit - turnkey R31 millionCompletion date January 2014Effective Shareholding 85.9%

WATERFALL – MBT BUILDING

35

WATERFALL CORNER

Location WaterfallTotal GLA 9 126m²Total capital cost R136.5 millionEstimated completion value R178.2 million*Expected completion date April 2014Major tenants Checkers, Clicks, and WoolworthsEffective shareholding 85.9%



NOTES

NOTES

38

Location Waterfall WaterfallTotal GLA 7 055m² 11 050m²Total capital cost R160.1 million R89.0 millionEstimated completion value R182.1 million R101.1 millionExpected completion date 1 March 2015 1 December 2014Major tenants Novartis CovidienEffective shareholding 85.9% 85.9%

NEWLY SECURED DEVELOPMENTS

37

Location NewtownTotal GLA 75 000m²Total capital cost R1.26 billionEstimated completion value R1.36 billion*Expected completion date October 2014Major tenants Nedbank, Shoprite, Pick n Pay, Ster-Kinekor, Planet FitnessEffective shareholding 62.5%

NEWTOWN JUNCTION

*Director’s valuation


NOTES

NOTES

40

INCOME STATEMENT

R’000 Dec 2013 Dec 2012 Change Change %

Net rental income 237 730 180 699 57 031 32%

Gross rental income 368 696 314 076 54 620 17%

Property expenses (130 966) (133 377) 2 411 (2%)

Operating profit 85 180 146 241 (61 061) (42%)

Fair value adjustments 591 269 305 324 285 945 94%

Finance costs (354 272) (245 390) (108 882) 44%

Profit before tax 438 937 292 640 146 297 50%

FINANCIAL REVIEW


NOTES

NOTES

42

BALANCE SHEET

R’000 Dec 2013 June 2013 Change Change %

Total assets 15 098 004 13 349 389 1 748 615 13%

Non-current assets 13 816 140 10 885 550 2 930 590 27%

Current assets 1 081 565 862 197 219 368 25%

Assets held for sale 200 299 1 601 642 (1 401 343) (87%)

Total liabilities 7 460 475 7 620 485 (161 010) (2%)

Interest-bearing debt 5 575 560 5 567 017 8 543 0.2%

Non-interest bearing debt 1 884 915 2 053 468 (168 553) (8%)

Total equity 7 637 529 5 728 904 1 908 625 33%

41

FAIR VALUE ADJUSTMENTS

R’000 Dec 2013 Dec 2012 Change Change %

Total properties 485 638 296 719 188 919 64%

Completed 213 275 206 847 6 428 3%

Land 15 211 89 294 (74 083) (83%)

Property under construction 257 152 578 256 574 nmf

Other financial assets 16 092 (26 751) 42 843 (160%)

Other investments 89 539 35 356 54 183 153%

Total 591 269 305 324 285 945 94%

nmf – not meaningful due to low base


NOTES

NOTES

44

DEBT MANAGEMENT

Dec 2013 Jun 2013

Total net interest bearing debt R’000 5 387 874 5 522 628

Gearing 35.7% 41.4%

Debt at fixed rates 69.6% 52.1%

Weighted average cost of debt 9.7% 9.1%

Net cash on hand R’000 187 686 44 389

Working capital facilities R’000 185 000 185 000

Total net cash & facilities R’000 372 686 229 389

43

TOTAL ASSETS


Total properties 11 653 768 10 655 236 998 532 9%

Completed buildings 6 601 352 5 419 796 1 181 556 22%

Vacant land & infrastructure 2 439 440 2 807 417 (367 977) (13%)

Buildings under construction 2 234 979 1 268 468 966 511 76%

Held for sale 200 299 1 033 251 (832 952) (81%)

Inventory 177 698 126 304 51 394 41%

Intangible assets & goodwill 355 127 - 355 127 n/a

Associates & other investments 2 533 292 2 306 526 226 766 10%

Cash 187 686 44 389 143 297 323%

Other assets 368 131 343 238 24 893 7%

Total assets 15 098 004 13 349 389 1 748 615 13%


NOTES

NOTES

46

EQUITY & ISSUED SHARES


Total equity 7 637 529 5 728 904 1 908 677 33%

Attributable to owners of company 7 479 583 5 373 073 2 106 465 39%

Non-controlling interest 157 991 355 831 (197 840) (56%)

Shares in issue 580 416 250 449 406 150 131 010 100 29%

Actual 626 843 803 522 989 885 103 853 918 20%

Treasury shares (46 427 553) (73 583 735) 27 156 182 (37%)

NAVPS 1 289 cps 1 196 cps 93 cps 7.8%

45

DEBT MANAGEMENT

2%

26%

25%

47%

Maturity of Debt

Assets held forsale

Within 1 year

1 to 5 years

5 years andlonger

3%

62%

10%

22%

3%

Debt Providers

Investec

Nedbank

RMB

Standard Bank

Sanlam


NOTES

NOTES

48

R2.76 R4.08

R5.49 R6.75 R7.08

R7.54

R9.16 R10.32 R10.75

R11.96 R12.89

0.0%

47.9%

34.4%

23.1%4.9%

6.5%

21.4%

12.7%4.2%

11.3%

7.8%

R-

R2.00

R4.00

R6.00

R8.00

R10.00

R12.00

R14.00

June 2005 June 2006 June 2007 June 2008 June 2009 June 2010 June 2011 June 2012 Dec 2012 June 2013 Dec 2013

NAVPS PERFORMANCE

47

ISSUED SHARES

449 406 150

580 416 250

50 434 783

55 172 413

11 333 142

12 273 188 1 796 574

449 406 150

474 406 150

499 406 150

524 406 150

549 406 150

574 406 150

599 406 150

Openingbalance

Pre-listingrights offer

Issueon listing

AAMbuy-out

ARF minoritybuy-out

Other transactions

Closingbalance

Issued shares evolution


NOTES

NOTES

Q&A

49

PROSPECTS

Risks • Slower economic growth• Increase in interest rates and impact on cap rates• Global macro economic uncertainty

Market opportunities• European recovery• Growth potential for markets coming from low base e.g. Eastern Europe and Africa• Market consolidation

Key focus areas• Development pipeline• Roll-out of Waterfall• Further simplification of Structure• Diversification strategy• Seeking new opportunities


NOTES

NOTES

APPENDICES

51

DISCLAIMER

This presentation and any materials distributed in connection with this presentation may include certain forward-looking statements, beliefs or opinions, including statements with respect to the Company’s business, financial condition and results of operations. These statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “forecast” and words of similar meaning, reflect the Directors’ beliefs and expectations and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these statements and forecasts. Past performance of the Company cannot be relied on as a guide to future performance. Forward-looking statements speak only as at the date of this presentation and the Company expressly disclaims any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this presentation. No statement in this presentation is intended to be a profit forecast. As a result, you are cautioned not to place any undue reliance on such forward-looking statements.

This document speaks as of the date hereof. No reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. This information is still in draft form and has not been legally verified. The financial information included herein is in draft form and unaudited. The Company, its advisers and each of their respective members, directors, officers and employees are under no obligation to update or keep current the information contained in this presentation, to correct any inaccuracies which may become apparent, or to publicly announce the result of any revision to the statements made herein except where they would be required to do so under applicable law, and any opinions expressed in them are subject to change without notice. No representation or warranty, express or implied, is given by the Company, or any of its subsidiary undertakings or affiliates or directors, officers or any other person as to the fairness, accuracy or completeness of the information or opinions contained in this presentation and no liability whatsoever for any loss howsoever arising from any use of this presentation or its contents otherwise arising in connection therewith is accepted by any such person in relation to such information.


NOTES

NOTES

54

PORTFOLIO OVERVIEW

Property portfolio reflected above is shown at 100%* Single tenanted office buildings were weighted and shown at the same weighted average rental

Investments: Offices, Mixed use and Hotel

Property name Location Key tenantsLease expiry

Total GLA Valuation Value

Effective holding

year m² R’000 R/m² %

Great Westerford Cape Town Korbitec, Teraco, Futuregrowth, CSGI Mixed 32 667 535 900 16 405 50.0

Lynnwood Bridge

Offices Pretoria Adams & Adams, Sanlam, Atterbury 2022 16 876 444 000 26 310 100.0

Retail Pretoria Woolworths, Planet Fitness, Pro Shop, Cycle Lab Mixed 12 550 291 000 23 187 100.0

City Lodge Hotel Pretoria City Lodge 2028 7 946 162 000 20 388 100.0

Aurecon Building Pretoria Aurecon 2023 21 628 685 000 31 672 78.1

Cell C Waterfall Cell C 2028 44 200 769 115 17 401 85.9

Maxwell Office Park: Golder Waterfall Golder 2024 6 066 137 104 22 602 43.0

Maxwell Office Park: Attacq Waterfall Attacq, Atterbury Property Developments, Cipla 2019 5 038 115 201 22 866 43.0

Woodmead North Office Park Waterfall Altech 2022 4 471 85 800 19 190 43.0

151 442 3 225 120 24 716

53

PORTFOLIO OVERVIEW

Key* Vacant land** In process or to be developed^ Accounted for as an investment in associate^^ Accounted for as an investment

$ 78.1% effective shareholding in Building A;100% effective shareholding in Building B# Undivided share¥ Held for sale

% Attacq’s effective shareholding in a property(other than in respect of associates)∏ In the process of being disposed of

GP Gauteng provinceEC Eastern Cape provinceNW North West provinceWC Western Cape province

International (excl Africa) Africa (excl South Africa) South Africa

DevelopmentsProperty and Investment Holdings

Retail portfolio Office and mixed use portfolio

• MAS (47.2%)^• Nova Eventis, Leipzig, Germany

(19.7%)^^• Bishopsgate, Birmingham, England

(29.8%)^

• Bagatelle - Mall of Mauritius, Port Louis, Mauritius (41.8%)^

• Bagatelle Office, Port Louis, Mauritius (41.8%)^

• Atterbury Africa :̂› Achimota, Accra, Ghana

(24.38%)*^› Accra Mall, Accra, Ghana

(15.27%)^› West Hills Mall, Accra, Ghana

(14.63%)**^› Waterfall Mall, Lusaka, Zambia

(8.13%)*^• Manda Hill, Lusaka, Zambia(12.4%)

• Garden Route Mall, George, WC (100.0%)

• Brooklyn Mall, Pretoria, GP (25%)#• Glenfair Boulevard, Pretoria, GP

(100%)• Mooirivier Mall, Potchefstroom, NW

(100%)• Mill Square, Stellenbosch, WC

(80%)#• Eikestad Mall, Stellenbosch, WC

(80%)#• Andringa Walk, Stellenbosch, WC

(100%)• De Ville, Cape Town, WC (100%)¥• Wingspan (34.2%)^¥• Rapfund (26.0%)^¥• Fountains Mall, Jeffreys Bay, EC

(35.9%)^

• Aurecon Building, Pretoria, GP (78.1%)

• Woodmead North Office Park, • Johannesburg, GP (42.9%)#• Great Westerford, Cape Town, WC

(50.0%)¥#• Lynnwood Bridge, Pretoria, GP

(100%)• Brooklyn Bridge and Lewis House, • Pretoria, GP (25%)^• Club 1, Pretoria, GP (40.0%)^• Maxwell Office Park, Building 1&2,

Waterfall, GP (42.9%)• Cell C Campus, Waterfall, GP

(85.9%)

• Club Retail, Pretoria, GP (40.0%)^: Apr 2014

• Lynnwood Bridge – Phase III,Pretoria, GP (100%)$: Oct 2014

• Newtown and Majestic Development, Johannesburg, GP (62.5%): Nov 2014

• Mall of Namibia: The Grove^, Windhoek, Namibia (31.3%): Oct 2014

• Waterfall, Johannesburg, GP:› Waterfall land (85.9%)*› Group 5 (85.9%): Jan 2014› Waterfall Corner (85.9%): Apr

2014› Waterfall Lifestyle (85.9%): June

2014› MB Technologies warehouse

(85.9%)¥∏: Jan 2014› Mall of Africa (85.9%): Apr 2016› City Lodge (85.9%): Nov 2014› Maxwell Office Park (42.9%)#: › Premier Foods building: Jun

2014› Spec building: July 2014› Dräger building (85.9%): Dec

2014› Westcon building (85.9%): Sep

2014› Angel Shack (85.9%): July 2014Industrial portfolio Office and mixed use portfolio

• Massbuild Distribution Centre, Johannesburg, GP (85.9%)

• Le Chateau, Hartbeespoort Dam, GP (100%)*

• Val de Vie, Paarl, WC (50.0%)*^• Geelhoutboom, George, WC

(36.7%)*^• Paradise Coast (serviced stands), • Mosselbay, WC (44.8%)*^

Atterbury Property (25.0%)^ -strategic investment in

property developer


NOTES

NOTES

55

PORTFOLIO OVERVIEW

* De Ville is held for sale as at 31 December 2013

Investments: Retail

Property name Location Key tenantsTotal GLA Valuation Value

Effective holding

m² R’000 R/m² %

Brooklyn Mall & Brooklyn Square Pretoria Woolworths, Dischem, Zara, Game, Platinum Group 74 506 2 493 975 31 130 25

Glenfair Boulevard Pretoria Checkers, SuperSpar 17 205 336 400 19 552 100

De Ville* Cape Town Pick n Pay, Virgin Active, Clicks 13 455 204 899 15 228 100

Garden Route Mall George Pick n Pay, Game, Woolworths, Dischem 53 362 1 084 465 20 323 100

Mooirivier Mall Potchefstroom Woolworths, Checkers, Game 53 051 992 719 18 713 100

Eikestad Mall Stellenbosch Checkers, Woolworths 32 453 644 114 19 848 80

Mill Square Stellenbosch Ocean Basket, Cape Union Mart 4 452 73 561 20 343 80

Andringa Walk Stellenbosch Food Lovers, Game, Usave 10 655 159 644 14 983 100

259 139 5 989 777

Investments: Light Industrial

Property name Location Key tenantsLease expiry

Total GLA Valuation Value

Effective holding

year m² R’000 R/m² %

Massbuild Distribution Centre Johannesburg Massbuild 2028 35 671 245 600 6 885 85.9

56

PORTFOLIO OVERVIEWDevelopments: Waterfall

Property name Status Completion date Total GLA% Pre-let

(GLA)Total capital

costValue est

on completionEst dev profit/

revaluationEffective

holding

m² % R’000 R’000 R’000 %

Mall of Africa Under construction Apr 2016 117 875 >60 3 198 976 4 054 000* 855 024 85.9

MB Technologies Under construction Dec 2013 26 286 Sold 188 934 220 823* 31 889 85.9

Group 5 Under construction Jan 2014 23 139 100 428 406 498 403 69 997 85.9

Maxwell Office Park 8 703 162 233 174 936 12 703 43.0

Spec building Under construction Jul 2014 4 360 0 80 062 79 790 -272 43.0

Premier Foods Under construction Jun 2014 4 343 100 82 171 95 146 12 975 43.0

Waterfall Corner Under construction Apr 2014 9 126 >95 136 498 178 177 41 679 85.9

Angel Shack Under construction Jul 2014 4 558 100 27 516 27 972 456 85.9

Westcon Under construction Sep 2014 7 500 100 77 858 94 698 16 840 85.9

Waterfall Lifestyle Under construction Jun 2014 6 917 >57 114 230 111 562 -2 668 85.9

City Lodge Under construction Nov 2014 6 180 100 88 477 104 926 16 449 85.9

Dragër Under construction Dec 2014 4 674 100 54 893 67 424 12 531 85.9

214 958 4 478 021 5 532 921 1 054 900


NOTES

NOTES

58

PORTFOLIO OVERVIEW

57

PORTFOLIO OVERVIEWDevelopments: Other

Property name StatusCompletion

date Total GLA% Pre-let

(GLA)Total capital

costValue est

on completionEst dev profit/

revaluationEffective

holding

m² % R’000 R’000 R’000 %

Newtown and Majestic Development Under construction Nov 2014 75 000 70 1 258 000 1 370 000 112 000 62.5

Lynnwood Bridge: Phase III Under construction Oct 2014 15 000 57 316 314 384 346 68 032 100

90 000 1 574 314 1 754 346 180 032


NOTES

NOTES

THANK YOU

59

JSE LISTING

Successful Listing on JSE on 14 October 2013

Private placement price of 1450cps

Year end close: 1780cps

• +23% to private placement price

Closing price high: 1850cps

Closing price low: 1610cps

Strong investor appetite for shares+23%

Low:1610

High:1850

YE:1780

Private placement price

1400

1450

1500

1550

1600

1650

1700

1750

1800

1850

1900

14 Oct 2013 11 Nov 2013 09 Dec 2013C

losi

ng S

hare

pric

e (c

ps)

ATT share performance since listing


NOTES

www.attacq.co.za

Documents

RESULTS PRESENTATION RETAIL: EIKESTAD MALL PRECINCT Location Stellenbosch Total GLA 47 560m² Value R877 million Value/GLA R18 447/m² 11 OVERVIEW 1. Information provided in this table