RIN - Redefine Properties International Limited - Investment acquisition and

RIN - Redefine Properties International Limited - Investment acquisition and    
issue of equity                                                                 
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.                                             
"Redefine International plc                                                     
("Redefine International" or "the Company")                                     
INVESTMENT ACQUISITION AND ISSUE OF EQUITY                                      
Redefine International, the AIM listed property investment and development      
company, announces that it has acquired the remaining 19.54% of Kalihora        
Holdings Limited ("Kalihora") which it did not already hold for a total         
purchase price of GBP1,007,169. The total purchase price will be settled in a   
combination of cash and the issue of ordinary shares in the Company.            
The Company has placed 1,694,000 new Redefine International shares ("the        
Placing Shares") at a subscription price of 54.5 pence per share with the       
minority shareholders of Kalihora ("the Placing").  The Placing Shares          
represent approximately 0.4 per cent. of the current issued share capital of    
the Company. The balance of the purchase price of GBP83,930 will be settled     
in cash.                                                                        
Kalihora, a company that owns two COOP stores in Switzerland, was 80.46%        
owned by the Company, prior to the Placing.                                     
Commenting on the transaction, Chairman Gavin Tipper said:                      
"This acquisition is in line with the Company`s stated strategy of              
simplifying the group ownership structure by acquiring minority shareholder     
interests in underlying investments over time".                                 
An application has been made for the Placing Shares to be admitted to trading   
on AIM and it is expected that such admission will occur on or around 4         
February 2011 and these shares will rank pari passu in all respects with the    
existing ordinary shares in issue.                                              
In accordance with Rule 2.10 of the Takeover Code in the UK, Redefine           
International confirms that, once the Placing Shares have been admitted to      
trading on the AIM market of the London Stock Exchange, there will be           
412,898,995 ordinary shares of 1 pence each in issue under International        
Securities Number GB00B13PT348.                                                 
For further information, please contact:                                        
Redefine International plc                               +27 (0)21 683 3829     
Gavin Tipper - Chairman                                                         
Nominated Adviser & Broker to Redefine International plc +44 (0)203 205 7500    
Singer Capital Markets                                                          
Jeff Keating                                                                    
Redefine International Fund Managers Limited             +1 (284) 494 9820      
Miles Walton"                                                                   
2 February 2011                                                                 
Sponsor to Redefine Properties International Limited                            
Java Capital                                                                    
Date: 02/02/2011 09:00:01 Supplied by www.sharenet.co.za                     
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