Delta International Property Holdings Ltd. Releases Provisional Results for 10 Months Ended 30 June 2014 (Excerpt)

Hamilton, Bermuda – 30 September, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Delta International Property Holdings Ltd. (the “Company” or “Delta International”; Ticker: DLI.BH), announces results to 30 June, 2014. The filing stated:

“PROVISIONAL RESULTS FOR THE TEN MONTHS ENDED 30 JUNE 2014

Delta International, previously known as Osiris Properties International Limited, was incorporated on 16 May 2012 in Bermuda. The primary objective of the Company is to invest in premium real estate assets underpinned by long-term leases with high quality tenants delivering strong sustainable income. The Company has changed its focus from the United Kingdom and Europe to Africa (excluding South Africa), offering investors’ direct access to high growth opportunities in African real estate.

On 16 May 2014 the company changed its name from Osiris Properties International Limited to Delta International Property Holdings Limited.

The Company’s primary listing is on the Bermuda Stock Exchange (“BSX”). It has a secondary listing on the Alternative Exchange of the JSE Limited (“AltX”)

REPORTING CURRENCY

The Company’s results are reported in United States Dollars (US$). The functional and presentation currency of Delta International was converted from Pounds Sterling (GBP) to US$ on 16 May 2014.

BUSINESS REVIEW

The Company had limited trading activity in the reporting period due to the sale of Trito Petersfield Limited (“Trito”) and the Pan-African strategy only taking effect post the reporting date.

On 15 April 2014 the Company entered into an agreement with KSP Offshore Limited to dispose of its entire shareholding in Trito together with any claims on loan account which the Company held in Trito. The sale was in line with the change in strategy.

At reporting date the Company held no investment property. The assets on the Company’s balance sheet at 30 June 2014 consisted of cash on hand of US$ 649,328, prepayments of US$ 31,946 and a loan of US$ 275,734 advanced to Delta International Mauritius Limited (Incorporated in Mauritius),  (“Delta Mauritius”).

Subsequent to the reporting date the Company acquired 100% of the share capital in Delta Mauritius the platform from which investments into African real estate will be made.

SUBSEQUENT EVENTS

The Company has embarked on a strategy of acquiring a portfolio of African real estate assets (excluding assets situated in South Africa) in furtherance of executing its stated objective.

Post year-end, Delta International directly and indirectly entered into the following transactions:

•               The Company acquired 100% of the issued share capital of Delta Mauritius. Delta Mauritius indirectly owns 100% of the issued share capital of Freedom Property Fund SARL (Incorporated in Morocco), through Delta International Bahrain SPC (Incorporated in Bahrain), a wholly owned subsidiary of Delta Mauritius;

•               On 25 July 2014, Freedom Property Fund SARL, acquired Anfa Place Shopping Centre from Anfa Plage SA;

•               On 14 July 2014, Delta Mauritius acquired 100% of the issued share capital in SAL Investment Holdings Limited (Incorporated in Mauritius) (“SAL”). SAL owns 97% of the ordinary share capital of S&C Imobiliaria Limitada (Incorporated in Mozambique) (“S&C”), the owner of the Anadarko Building. On the same day, Delta Mauritius acquired the remaining 3% issued share capital from the minority shareholders of S&C.

The acquisitions were financed through the issue of 43,254,376 new Delta International shares as well as new debt facilities within the wholly owned subsidiaries.

The Company is finalising the indirect acquisition of two further properties in Mozambique, namely the Hollard and Vodacom buildings. The properties are expected to transfer by 1 November 2014.

PROSPECTS

The Company is committed to increasing its portfolio and has identified a strong acquisition pipeline in Mozambique, Morocco, Zambia, Nigeria and Ghana on which it intends to transact. The acquisitions will be funded through a combination of new equity capital and debt facilities.

DIVIDEND

No dividend has been declared for the period under review.

BASIS OF PREPARATION

The provisional reviewed results for the ten months ended 30 June 2014 have been prepared in accordance with International Financial Reporting Standards, including IAS34 – Interim Financial Reporting, the rules of the BSX and the Listings Requirements of the JSE Limited.

ACCOUNTING POLICIES

The financial statements, on which these provisional results are based, have been reviewed by the Company’s external auditors, Deloitte Limited (Bermuda). The accounting policies adopted are consistent with those published in the prior financial period ended 31 August 2013.

These provisional reviewed results for the ten months ended 30 June 2014 financial statements were approved by the board on 30 September 2014.

CHANGES TO BOARD OF DIRECTORS

Louis Schnetler was appointed as Chief Executive Officer with effect 1 August 2014, Greg Booyens has been appointed as Chief financial officer of the Company on 28 May 2014, Peter Todd has been appointed as an independent non-executive director to the board and Paul Simpson has resigned as an executive director of Delta International with effect from 14 August 2014. The board of directors thanks Paul for his contribution to the Company and looks forward to his continued involvement in an advisory capacity to the Company.”

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Further details concerning the Company, including the full text of this press release can be accessed via the Company’s website www.deltainternationalproperty.com

By order of the Board

Sandile Nomvete                                            Louis Schnetler

Chairman                                                        Chief Executive Officer”

BSX sponsor: Global Custody and Clearing Limited, Bermuda