Sharenet Sites 
Sharenet Sites
RIN - Redefine Properties International Limited - Cromwell release half year results Redefine Properties International 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 P.L.C. (formerly Wichford P.L.C.), the London Stock Exchange- listed subsidiary of RIN, on the Regulatory News Service ("RNS") of the London Stock Exchange today, 27 February 2012. "REDEFINE INTERNATIONAL P.L.C. ("Redefine International" or the "Company") CROMWELL RELEASE HALF YEAR RESULTS Redefine International is pleased to announce that its associate company, the Cromwell Property Group ("Cromwell"), has today released its half year results for the period ended 31 December 2011. Cromwell is an Australian Property Trust listed on the Australian Stock Exchange, in which the Company currently has a 23.2% interest held through its wholly-owned subsidiary Redefine Australian Investments Limited. Cromwell`s half year financial report can be found at http://www.cromwell.com.au/aboutcromwell/newsroom/. The highlights for the period are set out below:- CROMWELL PORTFOLIO UNDERPINS STRONG FIRST HALF 1H12 HIGHLIGHTS - Operating earnings of AUD37.0 million (3.8 cps), up 13% - Statutory accounting loss of AUD6.8 million (0.7 cps) impacted by fair value of interest rate swaps - Earnings from property investments of AUD37.5 million, up 15% - Acquired HQ North Tower, Brisbane for AUD186 million - Agreed terms to re-acquire Bundall Corporate Centre, Gold Coast for AUD63.4 million - Successful completion of a 2 year capital raising programme places the Group in a position to drive - earnings and NTA growth from capital recycling opportunities and funds management activities - Commenced AUD49 million equity raising for unlisted Ipswich City Heart Trust - Launch of Cromwell Real Estate Partners, targeting wholesale opportunity fund investors - Maintain guidance for FY12 (for year ending 30 June 2012) operating earnings of 7.3 cps and distributions of 7.0 cps Further enquiries: Redefine International Property Management Ltd Investment Adviser Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100 Peel Hunt Joint Corporate Broker Capel Irwin, Matthew Armitt, Hugh Preston Tel: +44 (0) 20 7418 8900 Evolution Securities Joint Corporate Broker Chris Sim, Jeremy Ellis Tel: +44 (0) 20 7071 4300 FTI Consulting Public Relations Adviser Stephanie Highett, Dido Laurimore Tel: +44 (0) 20 7831 3113" Sponsor to Redefine Properties International Limited Java Capital 27 February 2012 Date: 27/02/2012 17:03:45 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.
