Acquisition of Fountainhead units and withdrawal or cautionary REDEFINE PROPERTIES LIMITED (Registration No. 1999/018591/06) Share Code: RDF ISIN Code: ZAE000143178 (“Redefine”) ACQUISITION OF FOUNTAINHEAD UNITS AND WITHDRAWAL OF CAUTIONARY INTRODUCTION Redefine unitholders are referred to the previous announcements in relation to Redefine’s acquisition of Fountainhead Property Trust (“Fountainhead”) units (the “acquisition”). TERMS OF THE ACQUISITION Redefine has acquired 452 442 210 Fountainhead units, representing 38.9% of Fountainhead’s units in issue. The Fountainhead units have been acquired from Fountainhead unitholders for an aggregate offer consideration of R4.239 billion consisting of Hyprop Investments Limited linked units, cash and Redefine linked units. Fountainhead is a property unit trust established in 1983, governed by the Collective Investment Schemes Control Act, 2002 and listed on the Johannesburg Securities Exchange. As announced previously Redefine resolved that if its proposal to acquire the assets of Fountainhead was not successful, it would seek to obtain a meaningful stake in Fountainhead in order to ensure a further alignment of interests between Redefine and the Fountainhead unitholders. Given Redefine’s withdrawal of its offer to acquire the Fountainhead assets it has resolved to proceed to acquire such a stake in Fountainhead. FINANCIAL EFFECTS The impact of the acquisition on Redefine’s net asset value, net tangible asset value, distribution per unit and earnings and diluted earnings per linked unit is not significant (less than 3%) and therefore has not been disclosed. WITHDRAWAL OF CAUTIONARY Following the publication of the financial effects of the acquisition unitholders are no longer required to exercise caution when dealing in their units in the company. Johannesburg 15 March 2013 Corporate advisor and sponsor Java Capital Legal advisor Cliffe Dekker Hofmeyr Date: 15/03/2013 04:50:00 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.