REDEFINE PROPERTIES LIMITED - Proposal to acquire additional Fountainhead units

Proposal to acquire additional Fountainhead units

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000143178
(Approved as a REIT by the JSE)
(“Redefine”)


PROPOSAL TO ACQUIRE ADDITIONAL FOUNTAINHEAD UNITS


Redefine, which currently owns approximately 50% of the participatory units in Fountainhead Property
Trust, a collective investment scheme in property (“Fountainhead”), is the largest single Fountainhead
unitholder.

Redefine proposes acquiring additional participatory interests in Fountainhead (“Fountainhead units”) on
the following basis:

- Redefine proposes acquiring up to an additional 250 million Fountainhead units in return for 110 Hyprop
  units for every 1 000 Fountainhead units acquired by Redefine;
- the minimum number of Fountainhead units to be acquired by Redefine from any single vendor of
  Fountainhead units acting as principal will be 135 000 Fountainhead units* and thereafter in multiples of
  1 000 Fountainhead units;
- agreements to acquire additional Fountainhead units by Redefine will be concluded on a “first come first
  served” basis;
- Redefine’s proposal to acquire additional Fountainhead units will remain open until the earlier of (i) close
  of business on Friday, 18 October 2013 and (ii) Redefine notifying the market over SENS of the
  withdrawal of its proposal;
- a binding legal agreement for the acquisition by Redefine of additional Fountainhead units on the
  aforesaid basis will be subject to the execution of a trade confirmation (in a form provided by Redefine’s
  appointed broker) between Redefine and each Fountainhead unitholder which wishes to sell
  Fountainhead units to Redefine.

Redefine reserves the right, at its election, to withdraw, amend or modify the proposal at any time.

The beneficial owner of any Fountainhead units who wishes to transact with Redefine on the aforesaid basis
should contact Redefine’s appointed broker for the purpose of the transaction, being RMB Stockbroking
Operations (Proprietary) Limited (Ref: Gavin van Wyk, telephone: +27 11 282-8907, email:
gavin.vanwyk@rmb.co.za).

Any queries in regard to the proposal may be addressed to Kevin Joselowitz or Warren Lawlor on
+27 11 283-0042/283-0079 or by email on fountainhead@javacapital.co.za.

2 October 2013


Corporate advisor, legal advisor and sponsor                                     

Java Capital                                           

Attorneys

Cliffe Dekker Hofmeyr                      




This announcement does not constitute or form part of an offer to purchase securities. This announcement does not
and is not intended to constitute an offer to the public in South Africa in terms of the South African Companies Act 71
of 2008 (the “Companies Act”). Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada, Australia or Japan or any other country or
territory where it is unlawful to do so.

*   The minimum number of Fountainhead units to be acquired by Redefine from a single vendor in terms of the proposal is
    informed by requirements imposed in terms of the Companies Act and may need to be adjusted from time to time based on
    the market price of Fountainhead units.

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