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Drives focus on high-quality lifestyle, secure developments, and dignified memorial parks

Group reports strong results and adds significant growth assets Highlights: Johannesburg, 13 May 2024 – JSE-listed Calgro M3, the property and property-related investment company specialising in the development of Integrated Residential Housing Developments and the development and management of Memorial Parks, today announced robust final results for the period ended 29 February 2024. This comes as the Group continues to embrace its role as the architect of lifestyle, security, and high-specification offerings that have become the standard in both its

Highlights: Headline earnings per share increased to 78.88 cents per share (cps) (2022: 57.00 cps) Earnings per share increased to 78.88 cps (2022: 57.04 cps) Share buyback of 22.6 million shares at an average price of R2.63 per share. Revenue increased by 13.5% to R688.9 million (2022: R607.1 million) Gross profit margin remained within 20% to 25% target range, at 22.2% (2022: 22.1%) Cash increased by 11.2% to R191.9 million (February 2023: R172.6 million) Net debt to equity stable at

Highlights: Revenue increased by 15,4% to R1,5 billion (2022: R1,3 billion) Headline earnings per share (“HEPS”) increased 45,01% to 153.18 cents per share (2022: 105.63 cents per share) which is the highest ever achieved Gross profit margin improved to 23.5% (2022: 21.3%), remaining within the target range of 20% to 25% Net debt to equity decreased to 0.62 from 0.71 which is the best achievement in the past 10 years Share buy-back of 9.27% at an average price of R2.34

Highlights: Headline earnings per share (“HEPS”) increased to 57.00 cents per share (2021: 42.79 cents per share) Earnings per share (“EPS”) increased to 57.04 cents per share (2021: 39.56 cents per share) Revenue increased by 5% to R607 million (2021: R576 million) Gross profit margin remained within the 20% to 25% target range, increasing to 22% (2021: 19.7%) Net finance cost decreased by 76% Interest-bearing borrowings decreased by 3% Johannesburg, 17 October 2022 – JSE-listed Calgro M3, the property and

Highlights: Revenue increased by 50.3% to R1.322 billion Headline earnings of 105.63 cents per share (2021: Headline loss of 15.17 cents per share) Group net asset value (“NAV”) increased by 16.4% to R7.93 per share Net debt to equity decreased to 0.71 from 0.99 at February 2021 Gross profit margin returned to its target range of 21.3% Return on equity increased to 14.7% Net cash generated from operations of R129.9 million Liquidity – a total of R591 million available Retained

18 February 2022, CFO Magazine – Sayuri will step into the role of Calgro M3’s new FD in March this year, replacing Waldi Joubert. Calgro M3 has appointed Sayuri Naicker, currently the group financial manager, as its new financial director with effect from March 2022. Her appointment follows the announcement in July 2021 that Waldi Joubert would be relinquishing the role of FD to assume the role of managing director of the company’s Memorial Parks business. Sayuri explains that, unlike

Highlights: Revenue increased by 45.6% to R576.2 million (August 2020: R395.8 million) Gross profit margin increased to 19.7% (August 2020: 7.9%) Headline earnings per share increased by 262.8% to 42.79 cents per share (August 2020: 26.29 cents loss per share) Net asset value (“NAV”) increased to R7.23 per share Cash generated from operating activities amounted to R133.2 million (August 2020: R115,7 million) 771 opportunities handed over with 5 091 opportunities currently under development Johannesburg, 18 October 2021 – JSE-listed Calgro

Highlights: Positive cash generated from operations of R114.8 million to support the #sustainableactions strategy Profit after tax of R18.5 million Earnings per share (“EPS”) increased to 14.88 cents per share Liquidity of R155 million available Group net asset value (“NAV”) increased by 7.2% to R6.82 per share Memorial Parks revenue increased by 65.2% 4 654 units under construction compared to 2 393 a year ago Strategic successes of the financial year: Disposed of the Ruimsig rental portfolio and of the non-core project,

THE GOVERNMENT’S Finance Linked Individual Subsidy Programme (Flisp) works well to provide homes for firsttime low-income buyers and meet the government’s social housing objectives, but the process to access the subsidy needs to be made easier. First National Bank (FNB), which has grown its affordable housing lending book by 24 percent year-on-year, estimated that 57 percent of its retail customers qualified for Flisp, with the potential to benefit first-time buyers to the value of R100 million. However, only a small