Impact of Social Unrest on Stor-Age Waterfall
Impact of Social Unrest on Stor-Age Waterfall Stor-Age Property REIT Limited Incorporated in the Republic of South Africa Registration number 2015/168454/06 Share Code: SSS ISIN: ZAE000208963 Approved as a REIT by the JSE (“Stor-Age”, “the group” or the “Company”) IMPACT OF SOCIAL UNREST ON STOR-AGE WATERFALL Shareholders will be aware of the ongoing violence and looting currently affecting large parts of South Africa, particularly KwaZulu-Natal and Gauteng. Stor-Age Waterfall (127 Brackenhill Road and 1 Nguni Way) located in Hillcrest, KwaZulu-Natal, has been extensively looted and then certain parts of the property set on fire. All fires have now been extinguished. As the situation remains volatile within the greater area, the full extent of the damage has not yet been fully assessed. Stor-Age has appropriate levels of SASRIA cover in place from both a capital and income perspective. Thus far, no other Stor-Age properties have been damaged by the unrest and significant measures have been taken to further safeguard the entire portfolio throughout South Africa. Stor-Age will continue to update the market as matters develop further. Cape Town 15 July 2021 Sponsor Investec Bank Limited Date: 15-07-2021 04:31:00 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.