REDEFINE INTERNATIONAL PLC - Cromwell releases year end results

Cromwell releases year end results

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”)


CROMWELL RELEASES YEAR END RESULTS


Redefine International is pleased to announce that the Cromwell Property Group (“Cromwell”), in which the Company
currently has a 13.13% interest, has released its results for the year ended 30 June 2014. Cromwell is an Australian
Property Trust listed on the Australian Stock Exchange. The Company’s interest is held through its wholly-owned
subsidiary Redefine Australian Investments Limited.

Cromwell’s financial report and presentation can be found on its website: http://www.cromwell.com.au/investors/shareholders/asx-announcements.

The highlights for the year are set out below:-

    -   Operating Profit up 43% to a record $146.7 million
    -   Statutory Profit up 295% to $182.5 million
    -   Sale of six non-core assets for $253 million
    -   Sale of 321 Exhibition Street post balance date for $205.9m
    -   Increase in external AUM to $1.3 billion, with external funds management earnings up 65%
    -   Gearing reduced to 37% post 321 Exhibition Street
    -   Debt platform consolidated with extended term and reduced pricing
    -   Hedging term extended to 4.7 years
    -   FY 15 operating earnings per security expected to be at least 8.2 cps with distributions of at least 7.75 cps


For further information:

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

FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore                                                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.


28 August 2014

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