REDEFINE PROP INTERNATIONAL LTD - Cromwell Release Half Year Results

Cromwell Release Half Year Results

REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN code: ZAE000149282
(“RIN”)


Set out below is an announcement which was released by Redefine International P.L.C. (“Redefine
International”), the London Stock Exchange-listed subsidiary of RIN, on the Regulatory News Service (“RNS”)
of the London Stock Exchange today, 15 February 2013.


15 February 2013

REDEFINE INTERNATIONAL P.L.C.
(“Redefine International” or the “Company”)

Cromwell Release Half Year Results

Redefine International is pleased to announce that its associate company, the Cromwell Property Group (“Cromwell”),
released its half year results for the period ended 31 December 2012 on 14 February 2013. Cromwell is an Australian
Property Trust listed on the Australian Stock Exchange, in which the Company currently has a 22.01% interest held
through its wholly-owned subsidiary Redefine Australian Investments Limited.

Cromwell’s half year financial report can be found at http://www.cromwell.com.au/aboutcromwell/newsroom/.
The highlights for the period are set out below:-


CROMWELL POISED FOR GROWTH AFTER STRONG FIRST HALF

1H13 HIGHLIGHTS

-  Statutory accounting profit of $29.5 million, compared to a prior year loss of $6.8 million
-  Operating earnings of $45.9 million, up 24% from $37.0 million in 1H12
-  Like-for-like increase of 3.8% in net property income
-  Reduction in gearing from 51% at June 2012 to 44%
-  $143 million raised from institutional placements and $39 million raised from security purchase plan
-  Completed the acquisition of the balance of the Cromwell Property Fund
-  Fund management momentum continued with completion of Ipswich fund and launch of Box Hill Trust
-  FY13 operating earnings guidance maintained at not less than 7.5 cps, with distributions of 7.25 cps


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




Sponsor to Redefine Properties International Limited

Java Capital

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