REDEFINE PROP INTERNATIONAL LTD - Redefine International P.L.C. - Acquisition of Retail Property in Huckelhoven, Germany

Redefine International P.L.C. - Acquisition of Retail Property in Huckelhoven, Germany

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. (“Redefine International”), the London
Stock Exchange listed subsidiary of RIN, on the Regulatory News Service (“RNS”) of the London Stock Exchange today,
24 December 2012.

From a RIN perspective, the transaction referred to below is not categorisable in terms of the Listings Requirements of the JSE
Limited and is made for information purposes.

24 December 2012

                                                 REDEFINE INTERNATIONAL P.L.C.
                                    (“Redefine International”, the “Company” or the “Group”)

                                     Acquisition of Retail Property in Hückelhoven, Germany

Redefine International is pleased to announce that the Group has completed the acquisition of a newly developed retail
property in Hückelhoven, Germany (the “Property”). The Property was acquired through the Group’s jointly controlled entity RI
Menora German Holdings S.a.r.l. (“RI Menora”).

RI Menora acquired the shares in the property owning company, ITB FMZ Hückelhoven BV & Co. KG for EUR 3.7 million
(GBP 3.0 million) (EUR 4.18 million including acquisition costs). The Property has a value of EUR 11.6 million (GBP 9.4 million)
and has a senior debt facility of EUR 7.9 million (GBP 6.4 million) secured against it from Bayerische Landesbank. The senior debt
facility has a term of 5 years and bears interest at a rate of 1.5% above Euribor. An interest rate fix is currently being negotiated.

The Property is leased to OBI AG on a 15 year lease. OBI AG is Germany’s leading DIY chain with over 580 stores throughout
Europe.
                                                                                        
The Property was acquired directly from the developers and has an area of 30,276 m2 with 317 parking bays. The lettable area of
the store is 11,371 m2 . The property was acquired at a net initial yield of 7.3%. The lease is linked to German CPI.

The acquisition was funded by the proceeds from the Company’s recent capital raise and represents the fourth acquisition in
joint venture with Menora Mivtachim Group, a leading Israeli pension and insurance company. The acquisition complements the
existing discount retail market investments held in Germany and demonstrates Redefine International’s ability to purchase
quality assets in the European market in a low interest rate environment.

Further enquiries:

Redefine International Property Management Limited
Investment Adviser
Michael Watters, Stephen Oakenfull                                                          Tel: +44 (0) 20 7811 0100

FTI Consulting
Public Relations Adviser
Stephanie Highett, Dido Laurimore, Faye Walters                                             Tel: +44 (0) 20 7831 3113


Sponsor to Redefine Properties International Limited

Java Capital

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