REDEFINE INTERNATIONAL PLC - Acquisition of remaining interest in German portfolio

Acquisition of remaining interest in German portfolio

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)



ACQUISITION OF REMAINING INTEREST IN GERMAN PORTFOLIO


Redefine International is pleased to announce that it has acquired the remaining 50% interest in Ciref Nepi
Holdings Limited from its joint venture partner, New Europe Property (BVI) Ltd (“Nepi”), for a
consideration of EUR3.4 million.

The joint venture owns six properties in Germany (the “Premium Portfolio”), comprising the following
assets:

   -   two retail centres and an office building, let mainly to medical practitioners, in the Munich area;
   -   a retail centre anchored by a Rewe supermarket and medical offices in Leipzig;
   -   a retail centre in Moelln , anchored by a Norma supermarket; and
   -   a supermarket in Frankfurt let to a Netto supermarket.

The Premium Portfolio has a current market value of EUR33.4 million, with a net initial yield of
approximately 6.9%. It was acquired in two stages, in joint venture with Nepi, in April 2007 and May 2008.
The consideration reflects a current return on equity of approximately 10.9%. A refinancing of the portfolio
is currently being negotiated, and a further announcement will follow in due course.

For further information:

Redefine International P.L.C.
Michael Watters, Stephen Oakenfull                                  Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Sweeney                        Tel: +44 (0) 20 3727 1000

FTI Consulting
SA Public Relations Adviser
Max Gebhardt                                                        Tel: + 27 (0) 11 214 2402

JSE Sponsor
Java Capital                                                        Tel: + 27 (0) 11 283 0042

Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange.


23 December 2014

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