REDEFINE PROP INTERNATIONAL LTD - Redefine International Agrees Standstill Agreement on Gamma Facility

Redefine International Agrees Standstill Agreement on Gamma Facility

REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN code: ZAE000149282
(“RIN”)
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Set out below is an announcement which was released by Redefine International P.L.C., the London
Stock Exchange-listed subsidiary of RIN, on the Regulatory News Service (“RNS”) of the London
Stock Exchange today, 18 October 2012.
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FOR IMMEDIATE RELEASE

18 October 2012

REDEFINE INTERNATIONAL P.L.C.
(‘Redefine International’, the ‘Company’ or the ‘Group’)

REDEFINE INTERNATIONAL AGREES STANDSTILL AGREEMENT ON GAMMA FACILITY

Further to on-going negotiations and following the maturity of the £199.6 million Gamma Facility on
15 October 2012, the Company has entered into a Standstill Agreement with the facility servicer, as
previously anticipated.

The servicer has confirmed its intention to refrain from exercising its rights under the facility or security
documentation while the Standstill Agreement is in place and subject to, inter alia, the borrowers continuing
to co-operate and act in compliance with the facility and finance documentation.

The Company continues to seek agreement on a mutually beneficial solution that will achieve the best
outcome for all parties. The facility remains non-recourse to the Group.

Further enquiries:

Redefine International Property Management Limited
Investment Adviser
Michael Watters, Stephen Oakenfull                                        Tel: +44 (0) 20 7811 0100

FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore, Faye Walters                           Tel: +44 (0) 20 7831 3113
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Sponsor to Redefine Properties International Limited

Java Capital

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