REDEFINE PROP INTERNATIONAL LTD - Redefine International makes part disposal of Cromwell Securities generating significant net profit

Redefine International makes part disposal of Cromwell Securities generating significant net profit

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, 3 April 2013.

3 April 2013

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

Redefine International makes part disposal of Cromwell Securities generating significant net
profit

Redefine International, the diversified income focused property company, announces that it has
disposed of 84.5 million securities in its associate company the Cromwell Property Group
(“Cromwell”), held through its 100% held subsidiary, Redefine Australian Investments Limited (the
“Transaction” or the “Sale”).

Cromwell, a stapled security listed on the Australian Stock Exchange (“ASX”), comprises the
Cromwell Diversified Property Trust and Cromwell Corporation Limited.

The Cromwell securities were sold on the ASX at prices ranging from AUD90 cents to AUD96.53
cents for which the Company received a total consideration of AUD76.2 million (GBP52.5 million).
Following the Transaction the Company’s holding in Cromwell will reduce from 22.01% to 16.22%.
The Company remains a committed long-term investor in Cromwell and will continue to support the
management team at both equity and board levels.

The Transaction is in line with Redefine International’s objective of recycling its capital into new high
yielding opportunities where it can use its asset management expertise to extract value on behalf of
shareholders. The net profit attributable to the Sale amounts to approximately AUD18.7 million
(GBP12.9 million), the proceeds of which will be used to further strengthen the Company’s cash
position and for general investment purposes. Suitable opportunities in this regard are currently
being considered and further announcements will be made as and when appropriate.

Commenting, Mike Watters, said:
“We have achieved excellent returns from our investment in Cromwell and remain a committed long-
term investor to both Cromwell and the Australian property market. The sale of part of Redefine
International’s investment in Cromwell is in line with our objective of recycling our capital and will
enable us to take advantage of a number of new and exciting investment opportunities which support
our income focussed strategy.”

Further enquiries:
Redefine International Property Management Limited
Investment Adviser

Mike 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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