A diversified portfolio

45% retail sector revenue

Tower Property Fund

48% office sector revenue

7% industrial sector revenue

New Developments

Tower Property Fund Results

Portfolio

value

R5bn

Loan to

Value

33%

Vacancies

reduced to

4.4%

Net asset value

per share

R9.84

Revenue

[Sectoral]

45% | Retail by Revenue

49% | Office by Revenue

6% | Industrial by Revenue

Revenue

[Geographic]

36% | Gauteng by Revenue

27% | Croatia by Revenue

28% | Western Cape by Revenue

9% | KZN by Revenue

Asset Value

[Sectoral]

47% | Retail by Asset Value

48% | Office by Asset Value

5% | Industrial by Asset Value

Asset Value

[Geographic]

32% | Gauteng by Asset Value

29% | Croatia by Asset Value

32% | Western Cape by Revenue

7% | KZN by Revenue

Listed Property Fund

Tower owns a diversified portfolio of high quality office and retail properties based predominantly in Gauteng and the Western Cape, Zagreb in Croatia and with some exposure in KwaZulu-Natal. Flagship properties include Cape Quarter, a landmark retail and office property in Cape Town and Upper Grayston Drive Office Park, a green star rated office park in Sandton.

Property Portfolio

from Cape Town to Croatia