CLS 2016 interim results

DividendMax Ltd.

CLS 2016 interim results

FINANCIAL HIGHLIGHTS

EPRA net assets per share: up 9.6% to 2,282 pence (31 December 2015: 2,083 pence)

Net assets per share: up 7.8% to 1,952 pence (31 December 2015: 1,810 pence)

EPRA earnings per share: up 92% to 80.5 pence (2015: 41.9 pence)

Profit after tax: down to £29.7 million (2015: £68.6 million) due to higher property valuation increases in the prior year (2015: £53.9 million vs. 2016: £2.4 million)

Investment property valuation: up 5.0%, or 0.4% in local currencies

Increase in distributions to shareholders of 10% (based on one-third of distributions for 2015) with a proposed £7.2 million tender buy-back of 1 in 95 at 1,650p per share

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