Page 108 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - EPE Profile’s Stock Exchange Handbook: 2026 - Issue 2
EPE Capital Partners Ltd. Equites Property Fund Ltd.

ISIN: MU0522S00005 SHORT: ETHOSCAP CODE: EPE ISIN: ZAE000188843 SHORT: EQUITES CODE: EQU
REG NO: C138883 C1/GBL FOUNDED: 2016 LISTED: 2016 REG NO: 2013/080877/06 FOUNDED: 2013 LISTED: 2014
NATURE OF BUSINESS: EPE Capital Partners Ltd. (“Ethos Capital” NATURE OF BUSINESS: Equites is listed on the JSE as a REIT and
or “the Company”) is registered and incorporated in Mauritius its main business is rental income generation from investment
as a public company under the Mauritius Companies Act. As in and development of modern logistic facilities. The Company
an investment holding company, it offers shareholders long- is incorporated and domiciled in South Africa with its registered
term capital appreciation by indirectly investing in a diversified address being 14th Floor Portside Tower, 4 Bree Street, Cape Town,
portfolio of unlisted private equity-type investments (“Portfolio South Africa, 8001.
Companies”) through participating in Funds or Co-Investments. SECTOR: RealEstate--RealEstate--REITs--Industrial REITs
These investments were managed by Ethos Private Equity (Pty) Ltd. NUMBER OF EMPLOYEES: 47
(“Ethos”) since July 2016. On 1 April 2023, The Rohatyn Group (“TRG DIRECTORS: Brey M (ind ne), Cross E (ind ne), Gouws A J (ne),
Group”) acquired the business of Ethos. TRG Group is a specialised Hess Robertson C (ind ne), Mkhize N (ind ne), Murray A D (ind ne),
global asset management firm focused on investment solutions in Ntuli K (ind ne), Tonelli F (ne), Campher L (Chair, ind ne),
emerging markets and real assets that is headquartered in New York. Taverna-Turisan A (CEO), Gous R (COO), Razack L (CFO)
Rohatyn Management South Africa (Pty) Ltd. (“TRG SA”) has assumed MAJOR ORDINARY SHAREHOLDERS as at 30 Mar 2026
responsibility as the sole Investment Advisor to Ethos Capital. Government Employees Pension Fund 21.10%
SECTOR: Fins--FinServcs--ClosedEndInvstmnts--ClosedEndInvstmnts Coronation Fund Managers 15.40%
NUMBER OF EMPLOYEES: 0 Standard Bank Group Ltd. 5.00%
DIRECTORS: Allagapen K (ind ne), Hayward-Butt P (ne), Juwaheer Y POSTAL ADDRESS: PO Box 7391, Roggebaai, 8012
(ind ne), Pfaff M (ind ne), Stillhart Y (Chair, ind ne), Matthews J (CEO), MORE INFO: www.sharedata.co.za/sdo/jse/EQU
Mkwanazi M (CFO) COMPANY SECRETARY: Thabo Vilakazi
MAJOR ORDINARY SHAREHOLDERS as at 15 Apr 2026 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Consolidated Retirement Fund 9.28% SPONSOR: Java Capital (Pty) Ltd.
Steyn Capital Management (Pty) Ltd. 4.90% AUDITORS: PricewaterhouseCoopers Inc.
Public Investment Corporation (SOC) Ltd. 3.38% CAPITAL STRUCTURE Authorised Issued
POSTAL ADDRESS: 6th Floor, Tower A, 1 Exchange Square, Wall Street, EQU Ords no par val 2 000 000 000 867 290 341
Ebene, Mauritius
MORE INFO: www.sharedata.co.za/sdo/jse/EPE DISTRIBUTIONS [ZARc]
COMPANY SECRETARY: Ocorian (Mauritius) Ltd. Ords no par val Ldt Pay Amt
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Interim No 24 28 Oct 25 3 Nov 25 69.04
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) Final No 23 3 Jun 25 9 Jun 25 67.42
AUDITORS: Deloitte & Touche Inc. LIQUIDITY: Apr26 Avg 6m shares p.w., R103.8m(36.6% p.a.)
CAPITAL STRUCTURE Authorised Issued
EPE A ords no par val - 150 972 248
LIQUIDITY: Apr26 Avg 2m shares p.w., R11.0m(54.6% p.a.)

FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R million)
Interim Final(rst) Final Final Final
FINANCIAL STATISTICS NetRent/InvInc 1 319 3 272 2 012 2 909 1 447
(R ‘000) Dec 25 Jun 25 Jun 24 Jun 23 Jun 22 Total Inc 1 500 3 510 1 768 2 673 1 617
Interim Final Final Final Final Attrib Inc 839 944 1 152 - 639 2 033
Turnover 14 443 701 134 - 303 047 70 603 511 568 TotCompInc/Loss 1 191 1 196 1 949 318 2 337
Op Inc 5 881 689 914 - 317 350 61 212 502 666 Ord UntHs Int 13 988 13 772 13 383 12 888 14 452
NetIntPd(Rcvd) 4 828 36 217 68 835 54 510 29 089 FixedAss/Prop 20 485 24 478 24 227 23 786 25 534
Att Inc 3 863 495 770 - 387 742 5 191 470 538 Tot Curr Ass 3 742 3 540 1 968 1 307 1 777
TotCompInc/Loss 3 863 495 770 - 387 742 5 191 470 538 Total Ass 31 448 30 542 30 223 28 545 27 740
Inv & Loans 1 135 766 2 371 221 2 309 219 2 688 078 2 650 564 Tot Curr Liab 5 490 2 361 3 550 4 431 1 688
Tot Curr Ass 280 287 23 389 19 092 20 026 17 311 PER SHARE STATISTICS (cents per share)
Ord SH Int 2 026 813 2 193 608 1 784 377 2 172 119 2 186 928 HEPS-C (ZARc) 53.10 125.20 117.10 156.00 129.10
LT Liab - 82 500 522 465 526 473 460 485 DPS (ZARc) 69.04 133.92 131.12 169.60 162.99
Tot Curr Liab 20 738 118 502 21 469 9 512 20 462 NAV PS (ZARc) 1 632.00 1 589.00 1 668.00 1 611.00 1 861.00
PER SHARE STATISTICS (cents per share) 3 Yr Beta 0.51 0.57 0.49 0.43 0.48
HEPS-C (ZARc) 2.00 197.00 - 153.00 2.00 182.00 Price Prd End 1 663 1 390 1 309 1 546 2 105
NAV PS (ZARc) 792.00 857.00 703.00 856.00 849.00 Price High 1 722 1 533 1 600 2 300 2 392
3 Yr Beta 0.50 0.15 - 0.15 - 0.65 0.43 Price Low 1 313 1 140 1 036 1 480 1 791
Price High 870 700 530 600 620 RATIOS
Price Low 601 370 353 461 368 RetOnSH Funds 12.36 8.08 8.99 - 0.64 13.46
Price Prd End 700 665 421 479 575 RetOnTotAss 9.54 11.49 5.85 9.36 5.83
RATIOS Debt:Equity 0.57 0.68 0.72 0.69 0.51
Ret on SH Fnd 0.38 22.60 - 21.73 0.24 21.52 OperRetOnInv 12.88 13.37 8.31 12.23 5.67
Oper Pft Mgn 40.72 98.40 104.72 86.70 98.26 OpInc:Turnover 78.96 84.64 81.01 90.54 85.75
D:E - 0.04 0.29 0.24 0.21
Current Ratio 13.52 0.20 0.89 2.11 0.85

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