Grit Real Estate Income Group appoints Sir Samuel Jonah to its Board as Independent Director

– MAURITIUS, Grand Baie –  Grit Real Estate Income Group Limited (LON:GR1T | JSE:GTR), a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases with high quality multi-national tenants, today announced that Sir Samuel Esson Jonah, KBE, OSG, has been appointed as a Independent Non-Executive Director of the Company with effect from 21 February 2019.

Peter Todd, Non-Executive Chairman of Grit Real Estate Income Group Limited, commented: “I am delighted to welcome Sir Samuel Jonah to the Grit Board as a Non-Executive Director. He brings with him invaluable experience and knowledge and he will make a great contribution to our company. We very much look forward to working with him.”

About Sir Samuel Jonah

Sir Samuel Jonah, is one of Africa’s leading businessmen and internationally recognised as a leading business executive. He is currently Executive Chairman of Jonah Capital Limited, an investment holding company in South Africa, and is former Executive President of AngloGold Ashanti Limited.

Born and educated in Ghana, he obtained a Master’s degree in Management from Imperial College, London in 1977, following which he worked for Ashanti Goldfields and became CEO of the company in 1986, overseeing its growth into a multi-national company.

Sir Samuel Jonah was elected in 2018 as a Foreign Member of the United States National Academy of Engineering in recognition of his distinguished leadership and technical contributions to engineering and for advancing the mineral industry in Africa.

An Honorary Knighthood was conferred on him by Her Majesty the Queen in 2003 and in 2006 he was awarded Ghana’s highest national award, the Companion of the Order of the Star.

Currently, Sir Samuel Jonah serves on the boards of various public and private companies, including Vodafone Group Plc. He was formerly a director of The Standard Bank Group, Lonmin and a member of the Advisory Council of the President of the African Development Bank. He brings extensive experience of business in Africa and has been an adviser to a number of African Heads of State including the Presidents of Ghana, South Africa, Nigeria and Zambia, and a member of the Advisory Board of the London Business School.

About Grit Real Estate Income Group

Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting an annual dividend yield in USD of 8%+ and a net total shareholder return inclusive of NAV growth of 12.0%+ p.a.

The Company currently holds primary listings on both the Main Market of the London Stock Exchange (LSE: GR1T) and on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with a secondary listing on the Official Market of the Stock Exchange of Mauritius (SEM: DEL.N0000).

For more information : https://grit.group

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