RIN - Redefine Properties International Limited - Issue of equity

RIN - Redefine Properties International Limited - 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" or "the company")                                                        
ISSUE OF EQUITY                                                                 
Linked unitholders are referred to the announcement released on SENS on 7 April 
2011 and in the press on 8 April 2011 whereby linked unitholders were advised   
that the company had through its 82% held subsidiary Redefine International plc 
("RI plc") concluded an agreement with Corovest Offshore Limited in terms of    
which RI plc had agreed to acquire all the issued shares in St Georges Harrow   
Limited for a purchase price of GBP25 million.                                  
Linked unitholders were further advised that the company intended to fund the   
purchase price of GBP25 million, through a combination of internal resources, a 
capital raising by RI plc in the AIM market and the issue of RIN linked units on
the JSE in terms of a vendor consideration placement ("the vendor consideration 
placement").                                                                    
In regard to the vendor consideration placement, the company advises that the   
company has today issued a total of 35 731 000 new linked units at R5.80 per    
linked unit and subject to receiving approval from the South African Reserve    
Bank, will subscribe for 35 7310 000 new RI plc shares at R5.80 per share       
divided by the ZAR/GBP exchange rate on the day of the issue of the new RI plc  
shares.                                                                         
28 April 2011                                                                   
Sponsor to Redefine Properties International Limited                            
Java Capital                                                                    
Date: 28/04/2011 09:00:34 Supplied by www.sharenet.co.za                     
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