REDEFINE INTERNATIONAL PLC - Redefine International completes sale of Harrow residential scheme

Redefine International completes sale of Harrow residential scheme

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 111198C)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)


REDEFINE INTERNATIONAL COMPLETES SALE OF HARROW RESIDENTIAL SCHEME


Redefine International, a UK Real Estate Investment Trust (“UK-REIT”) is pleased to confirm that it has
completed the sale of the Lyon House and Equitable House sites Harrow, northwest London for £13.77 million
to Redrow Homes Limited (the “Disposal”) reflecting a 12.4% premium to book value as at 31 August 2013. In
addition, the Company has agreed a share of sales revenues above agreed aggregate thresholds.

Lyon House was previously occupied by HMRC until June 2010. Following a successful site assembly and
planning process, the Company secured planning permission for 238 private residential units, 49 affordable
housing units and approximately 33,000 sq ft of commercial space. The Disposal reflects a positive recycling of
capital following a successful asset management strategy to convert the sites from commercial to predominantly
residential use. The profit share provisions secure an ongoing interest in the development against an improving
residential market.

Commenting, Mike Watters, Chief Executive of Redefine International, said:
“This Disposal, at a significant premium to book value, demonstrates how we can add and crystalise immediate
value through successful asset management, whilst structuring the deal to ensure shareholders are able to
benefit from the improving residential market.”

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 7831 3113

Marketing Concepts
SA Public Relations Adviser
Jaclyn Lovell                                                                  Tel: + 27 (0) 11 783 0700

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

Notes to editors:

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

17 December 2013

JSE sponsor
Java Capital

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