REDEFINE PROPERTIES LIMITED - Notice in terms of section 45(5)(a) of the Companies Act 71 of 2008 ("the Act")

Notice in terms of section 45(5)(a) of the Companies Act 71 of 2008 ("the Act")

REDEFINE PROPERTIES LIMITED
(Registration No. 1999/018591/06)
Share Code: RDF ISIN Code: ZAE000143178
Bond Code: RDFB01 ISIN: ZAG000094228
Bond Code: RDFC07 ISIN: ZAG000103607
(“Redefine” or “the company”)


NOTICE IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT 71 OF 2008 (“THE ACT”)

In terms of the provisions of section 45(5)(a) of the Act and pursuant to the special resolution passed at the
annual general meeting of the company held on 31 January 2013 authorising the board of directors to
provide direct or indirect financial assistance to related and inter-related parties, notification is hereby given
by Redefine that on 28 February 2013 the board of directors (“the board”) adopted a resolution in terms of
section 45(3)(b) of the Act authorising Redefine to provide financial assistance in the amount of
R1 115 000 000 (one billion one hundred and fifteen million Rand) to Redefine Retail Proprietary Limited, a
wholly owned subsidiary of Redefine, for the purposes of funding the acquisition of a 50% (fifty percent)
share in East Rand Mall, which financial assistance exceeds one tenth of one percent of the company’s net
worth.

In accordance with section 45 of the Act, the board is satisfied and acknowledges that:

   (i)     immediately after providing such financial assistance, Redefine will satisfy the solvency and
           liquidity test as provided for in section 4 of the Act, and

   (ii)    the terms under which such financial assistance is to be given are fair and reasonable to Redefine.


8 March 2013


Sponsor

Java Capital

Date: 08/03/2013 01:15:00 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.