RDF - Redefine Properties Limited - Results of mandatory

RDF - Redefine Properties Limited - Results of mandatory                        
offer to Unitholders of Hyprop investments Limited                              
("Hyprop")                                                                      
Redefine Properties Limited                                                     
(formerly Redefine Income Fund Limited)                                         
(Registration No. 1999/018591/06)                                               
Share Code: RDF    ISIN Code: ZAE000143178                                      
("Redefine")                                                                    
RESULTS OF MANDATORY OFFER TO UNITHOLDERS OF HYPROP                             
INVESTMENTS LIMITED ("HYPROP")                                                  
INTRODUCTION                                                                    
Redefine unitholders are referred to the previous                               
announcements in relation to:                                                   
-    the acquisition by Redefine of a further 19 686 558                        
    Hyprop units from Coronation Asset Management (Pty) Ltd                     
at a price of R50 per Hyprop unit (the "acquisition");                      
    and                                                                         
-    the mandatory offer (the "mandatory offer") to Hyprop                      
    unitholders that was triggered as a result of the                           
increase in Redefine`s interest in Hyprop from 33.3% to                     
    45.2% pursuant to the authorisation of the acquisition                      
    by Redefine unitholders at the general meeting of                           
    Redefine unitholders on 12 August 2010,                                     
(collectively, the "transactions").                                         
    Unitholders are hereby informed that the mandatory                          
    offer closed at 12:00 on Friday, 27 August 2010 and was                     
    accepted by Hyprop unitholders holding 926 593 Hyprop                       
units. Accordingly, as a result of the transactions,                        
    Redefine`s interest in Hyprop has increased from 55 323                     
    970 Hyprop units (constituting 33.3% of Hyprop`s issued                     
    unit capital) to 75 937 121 Hyprop units (constituting                      
45.7% of Hyprop`s issued unit capital).                                     
30 August 2010                                                                  
Corporate advisor, legal advisor and sponsor to Redefine                        
Java Capital (Proprietary) Limited                                              
Date: 30/08/2010 15:15:16 Supplied by www.sharenet.co.za                     
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