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REDEFINE PROP INTERNATIONAL LTD - Results of the pro rata offer

Release Date: 02/10/2012 09:50
Code(s): RIN     PDF:  
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Results of the pro rata offer

REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN code: ZAE000149282
JSE share code: RINC ISIN code: ZAE000170262
(“RIN”)

RESULTS OF THE PRO RATA OFFER

Linked unitholders are referred to the offer of new linked units to existing RIN linked unitholders in proportion to
their existing holdings which closed on Monday, 1 October 2012 (“the pro rata offer”). Linked unitholders are
advised that in respect of the 218 141 257 new RIN linked units (“new RIN linked units”) which were offered, linked
unitholders applied for a total of 240 474 300 new RIN linked units (110% of the new RIN linked units available
under the pro rata offer).

The applications included excess applications for 33 449 462 new RIN linked units, of which 11 116 419 new RIN
linked units will be allocated equitably, taking cognisance of the number of RIN linked units held by the linked
unitholder immediately prior to such allocation, including those taken up as a result of the pro rata offer, and the
number of excess linked units applied for by such linked unitholder.

The pro rata offer was partially underwritten by Redefine Properties Limited (“Redefine”). Given that the pro rata
offer was fully subscribed for after taking into account the excess applications received, Redefine will not be allocated
any new RIN linked units pursuant to its underwriting obligation.

Dematerialised linked unitholders who have subscribed for new RIN linked units in terms of their pro rata entitlement
will have their accounts debited and updated by their CSDP or broker on Wednesday, 3 October 2012.

Dematerialised linked unitholders who applied for excess new RIN linked units will be advised by their CSDP or
broker on Wednesday, 3 October 2012 of the excess new RIN linked units which they have been allocated and have
the excess new RIN linked units allocated to them, debited to their accounts by their CSDP or broker on Friday, 5
October 2012.

The new RIN linked units will be issued in the form of convertible securities under the abbreviated name: “REDI
CONV”, JSE share code: RINC and ISIN code: ZAE000170262. Upon issue, on 3 October 2012, each convertible
security will be listed and save that it will not be entitled to the interest distribution in respect of the six-month period
ending 31 August 2012 (“the August 2012 distribution”), shall rank pari passu in all respects with the existing RIN
linked units in issue.

It is anticipated that existing RIN linked units will trade ‘ex’ entitlement to the August 2012 distribution on Monday,
26 November 2012 and that the August 2012 distribution will be paid on Monday, 3 December 2012. Accordingly it is
anticipated that the convertible securities will convert to new RIN linked units on Monday, 3 December 2012.

Convertible linked unit certificates will not be posted to certificated linked unitholders. The transfer secretaries,
Computershare Investor Services (Proprietary) Limited will, at the request of certificated linked unitholders, issue the
convertible securities into a broker account.

Certificates in respect of new RIN linked units will be posted by registered post by the transfer secretaries, at the risk
of the certificated RIN linked unitholder concerned, on or about Monday, 3 December 2012 in respect of the pro rata
allocation and the excess allocation.

Given the demand for new RIN linked units and in order to broaden the RIN linked unitholder base, Redefine made
available a portion of the RIN linked units taken up by it under the pro rata offer for placement with third party
placees. This has resulted in Redefine’s beneficial interest in RIN decreasing to 49.34% and Redefine has issued RIN
a TRP 121 notification in this regard in terms of section 122 of the Companies Act, 2008.

2 October 2012

Corporate advisor, legal advisor and sponsor to RIN

Java Capital

Date: 02/10/2012 09:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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