REDEFINE PROPERTIES LIMITED - Proposed modification of ordinary resolution 10 proposed for adoption at the annual general meeting of the company

Proposed modification of ordinary resolution 10 proposed for adoption at the annual general meeting of the company

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” or the “company” or the “group”)


PROPOSED MODIFICATION OF ORDINARY RESOLUTION 10 PROPOSED FOR ADOPTION
AT THE ANNUAL GENERAL MEETING OF THE COMPANY


Linked unitholders are advised that following feedback from institutional shareholders in respect of the
resolutions proposed for adoption at the annual general meeting to be held at Redefine Place, 2 Arnold
Road, Rosebank, on Thursday, 30 January 2014 at 10h00, the company has decided to limit the scope of
authority granted to the board of directors in respect of ordinary resolution 10 by proposing the following
modification at the annual general meeting:

  -    to reduce the number of linked units which may be allotted or issued to fund the acquisition of
       property assets from 10% of the authorised but unissued linked units of the company to 10% of the
       issued linked units of the company.

Shareholders are further advised that in the interest of complete disclosure, the fees payable to the auditors
of the group and the company, for both audit and non-audit services for the financial year ended 31 August
2013 are set out below:

Group                                                      Audit fees       Non-audit fees              Total
                                                                R’000                R’000              R’000
Grant Thornton (Jhb) Inc. (formerly PKF (Jhb) Inc.)             1 860                  891              2 751
Grant Thornton (Jhb) Inc. (Due diligence fees paid                  -                  608                608
prior to PKF (Jhb) Inc. merger with Grant Thornton
(Jhb) Inc.)
KPMG Inc. (external auditors to Fountainhead                    1 281                    -              1 281
Property Trust)
BDO South Africa Inc. (internal auditors to                         -                  325                325
Fountainhead Property Trust)
Other group audit fees (Saunderson and Co, Marx                   873                    -                873
Gore etc)
                                                                4 014                1 824              5 838

Redefine company                                           Audit fees       Non-audit fees              Total
                                                                R’000                R’000              R’000
Grant Thornton (Jhb) Inc.                                       1 860                    -              1 860
                                                                1 860                    -              1 860

23 January 2014

Sponsor

Java Capital

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