RDF - Redefine Properties Limited - Update on Hyprop investments Limited

RDF - Redefine Properties Limited - Update on Hyprop investments Limited        
("Hyprop") transaction                                                          
Redefine Properties Limited                                                     
(formerly Redefine Income Fund Limited)                                         
(Registration No. 1999/018591/06)                                               
Share Code: RDF ISIN Code: ZAE000143178                                         
("Redefine")                                                                    
UPDATE ON HYPROP INVESTMENTS LIMITED ("HYPROP") TRANSACTION                     
Redefine unitholders are referred to the previous announcements in relation to: 
1.   the proposed acquisition by Redefine of 19 686 558 Hyprop units from       
    Coronation Asset Management (Proprietary) Limited (the "acquisition"); and  
2.   the mandatory offer to Hyprop unitholders that will be triggered on the    
    implementation of the acquisition,                                          
(collectively "the transactions").                                              
Unitholders are advised that Redefine has given an undertaking to certain of its
major unitholders that after and subject to the implementation of the           
transactions, Redefine will not acquire any further units in Hyprop without     
first seeking and obtaining the approval of Redefine unitholders by way of an   
ordinary resolution at a general meeting of Redefine unitholders.               
11 August 2010                                                                  
Corporate advisor, legal advisor and sponsor to Redefine                        
Java Capital (Proprietary) Limited                                              
Date: 11/08/2010 12:00:01 Supplied by www.sharenet.co.za                     
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