Hyprop Investments Limited provided that FY2024 guidance of a 10% to 15% reduction in distributable income per share (FY2024 guidance) was based on certain assumptions, notably that no corporate transactions occurred and that exchange rates remained in line with those at 30 June 2023. Given the strong performance of the SA and EE portfolios for HY2024, the inclusion of the results of Table Bay Mall from 1 April to 30 June 2024, would not have required Hyprop to revise the FY2024 guidance. However, having regard to the severity of the impact that the devaluation of the naira has had on the Group' distributable income in HY2024, Hyprop expects a further reduction of up to 5% in distributable income per share for the year ending 30 June 2024 (i.e. an overall reduction of 15% to­ 20% compared to the 405.2 cents achieved in FY2023).