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REDEFINE PROP INTERNATIONAL LTD - Redefine Internal P.L.C. - Cromwell Capital Raising

Release Date: 29/05/2013 08:01
Code(s): RIN     PDF:  
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Redefine Internal P.L.C. - Cromwell Capital Raising

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, Wednesday, 29 May 2013.


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

CROMWELL CAPITAL RAISING

Further to the announcement released by the Company on 22 May 2013, Redefine International announces
that its associate company, the Cromwell Property Group (“Cromwell”), has released details of an AUD250
million capital raising, to partially fund the AUD405 million acquisition of the NSW State Government
Portfolio and to repay existing debt (the “Capital Raising”).

The Capital Raising comprises the issue of up to 250 million new securities at AUD1.00 per security,
through a placement offered to institutional investors (the “Placement”); a 1 for 12 pro rata offer to existing
institutional security holders (the “Institutional Entitlement Offer”); and a 1 for 12 pro rata offer to
eligible retail security holders (the “Retail Entitlement Offer”).

On 27 May 2013, Cromwell confirmed the completion of the Placement and the Institutional Entitlement
Offer which successfully raised approximately AUD193 million. The AUD57 million, fully underwritten
Retail Entitlement Offer, will be open from 31 May 2013 to 17 June 2013.

Although fully supportive of the transaction, Redefine International did not elect to participate in the Capital
Raising and its holding in Cromwell will consequently reduce from 16.1% to 13.7% following the issue of
the new securities.

Full details of the acquisition can be found at
http://www.cromwell.com.au/aboutcromwell/newsroom/.

Further enquiries:

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

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

29 May 2013


Sponsor to Redefine Properties International Limited

Java Capital

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