Sharenet Sites 
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RDF/AWA/AWB - Redefine Properties Limited/Arrowhead Properties Limited - Unbundling of Arrowhead Redefine Properties Limited (Registration No. 1999/018591/06) JSE code: RDF ISIN Code: ZAE000143178 ("Redefine" or "the company") Arrowhead Properties Limited (formerly Nervada Trading 13 (Proprietary) Limited) (Registration number 2011/000308/06) JSE code: AWA ISIN: ZAE000158101 JSE code: AWB ISIN: ZAE000158119 ("Arrowhead") UNBUNDLING OF ARROWHEAD Redefine linked unitholders are referred to the circular to Redefine linked unitholders dated 30 September 2011 (the "unbundling circular") relating to, inter alia, the distribution (the "distribution") of the Arrowhead shares and the Arrowhead debentures (collectively "Arrowhead linked units") to Redefine linked unitholders. The unbundling circular provides that if a Redefine linked unitholder becomes entitled to a fraction of an Arrowhead linked unit, the relevant fraction will be rounded up or down to the nearest whole number and that Redefine linked unitholders who hold 31 or less Redefine linked units shall have their proportionate entitlement to Arrowhead linked units sold on their behalf and receive the cash proceeds thereof. The JSE has advised that the proposed sale of the proportionate entitlement to Arrowhead linked units of Redefine linked unitholders who hold 31 or less Redefine linked units on the record date is problematic and may be construed as unequal treatment of Redefine unitholders. Accordingly the rounding principle shall be applied to all Redefine linked unitholders regardless of the number of linked units held by them on the record date. The effect of this is such that those Redefine linked unitholders holding between 16 and 31 Redefine linked units on the record date shall receive 1 Arrowhead A linked unit and 1 Arrowhead B linked unit and those Redefine linked unitholders holding 15 or less Redefine linked units on the record date shall not receive any Arrowhead linked units. Redefine linked unitholders holding 32 or more Redefine linked units on the record date shall receive their entitlement in accordance with the table of entitlement contained in Annexure 8 to the unbundling circular. Johannesburg 8 December 2011 Corporate advisor, legal advisor and sponsor to Redefine and Arrowhead Java Capital Date: 08/12/2011 17:02:17 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
