RIN - Redefine Properties International - Scrip Dividend in respect of the

RIN - Redefine Properties International - Scrip Dividend in respect of the      
proposed Final Dividend for the period ended 31 August 2010                     
Redefine Properties International Limited                                       
(formerly Kalpafon 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   
plc, the AIM-listed subsidiary of RIN on the Regulatory News Service ("RNS") of 
the London Stock Exchange today.                                                
As set out in the prospectus issued by RIN on 23 August 2010, RIN acquired the  
shares in Redefine International plc ex the entitlement to the dividend in      
respect of the 6 months ended 31 August 2010. Accordingly, RIN will not be      
participating in the dividend set out in the announcement below.                
"Redefine International plc                                                     
("the Company")                                                                 
Scrip Dividend in respect of the proposed Final Dividend                        
for the period ended 31 August 2010                                             
On 14 October 2010 the Board of Directors resolved to recommend a final dividend
for the period ended 31 August 2010 (the "Final Dividend").  The amount of the  
Final Dividend was determined as 2.07 pence per Ordinary Share on the basis of  
the Company`s Preliminary Results announced on 4 November 2010.                 
It is being proposed that, subject to approval of this Final Dividend at the    
Extraordinary General Meeting on 24 November 2010, shareholders with Ordinary   
Shares registered at close of business on 5 November 2010 will receive the whole
of their dividend entitlement in fully paid new Ordinary Shares of the Company  
("Scrip Dividend"), or may elect for a cash alternative.                        
The Market Value for the issue of Ordinary Shares under the Scrip Dividend has  
now been set at 55.6 pence for each Ordinary Share.  The Market Value is        
calculated as the average middle market quotation for the Ordinary Shares on the
London Stock Exchange as derived from the AIM Appendix to the Daily Official    
List for the five trading days commencing on 3 November 2010 (the first day on  
which the shares were quoted ex-dividend).                                      
Copies of the Scrip Dividend Circular and Election Form can be found on the     
Company`s website; www.redefineinternational.je"                                
For further information, please contact:                                        
Redefine International plc                       +27 (0)21 683 3829             
Gavin Tipper - Chairman                                                         


Nominated Adviser and Broker to Redefine         +44 (0)203 205 7500            
International plc                                                               
Singer Capital Markets                                                          
Jeff Keating                                                                    
                                                                                
Redefine International Fund Managers Limited     +1 (284) 494 9820              
Miles Walton                                                                    
11 November 2010                                                                
Sponsor to Redefine Properties International Limited                            
Java Capital                                                                    
Date: 11/11/2010 12:00:01 Supplied by www.sharenet.co.za                     
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