financial information

Pangbourne’s interim distribution for the six months to 31 December 2008 amounted to 63,50 cents per unit. This represents an increase of 10,43% over the 57,50 cents per unit distribution for the six months to 31 December 2007. The distribution for this interim period includes R11,4 million development profits and fees, being 4,2% of the distribution. It is the board’s stated objective only to distribute recurring property income. This will be achieved in the June 2010 financial year.