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REDEFINE PROP INTERNATIONAL LTD - Redefine International completes acquisition of three shopping centres in Germany

Release Date: 02/09/2013 08:00
Code(s): RIN     PDF:  
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Redefine International completes acquisition of three shopping centres in Germany

REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN: 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, 2
September 2013.


REDEFINE INTERNATIONAL P.L.C.
(‘Redefine International’ or the ‘Company’)

REDEFINE INTERNATIONAL COMPLETES ACQUISITION OF THREE SHOPPING CENTRES IN GERMANY

Further to the announcement on 14 August 2013 regarding the proposed acquisition of three prime shopping centres in Berlin,
Hamburg and Ingolstadt (the "Transaction"), Redefine International is pleased to announce that the Transaction completed on
30 August 2013.

The consideration in respect of the Hamburg and Ingolstadt assets has been confirmed on completion as €19.3 million in cash and
12,606,061 new ordinary shares of 8 pence each in Redefine International (the “Hamburg and Ingolstadt Consideration Shares”).

It has also now been confirmed that the consideration for the Berlin asset to be settled on 6 December 2013 will be made up by way of
an issue of approximately 19,635,340 new ordinary shares of 8 pence each in Redefine International (the precise number being
determined pursuant to the Sterling: Euro exchange rate on 29 November 2013) (the “Berlin Consideration Shares”) at an effective
issue price of 40.0 pence per share and €12.1 million in cash. The Berlin Consideration Shares are expected to be issued and admitted
to trading after the final dividend for the year ended 31 August 2013 has been declared and paid, and as such will not rank for such
dividend.

The total consideration payable in respect of the Transaction will therefore comprise approximately 32,241,401 new ordinary shares
of 8 pence each in Redefine International (“Ordinary Shares”) at an effective issue price of 40.0 pence per share and €31.4 million in
cash, with the consideration for the Berlin asset being deferred to 6 December 2013 as described above. The final number of Berlin
Consideration Shares will be determined on 29 November 2013, as noted above.

An application has been made for the Hamburg and Ingolstadt Consideration Shares to be admitted to the Premium Segment of the
Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange’s Main Market for listed
securities. It is expected that such admission will occur on 3 September 2013 and these shares will rank pari passu in all respects with
the Company’s existing Ordinary Shares in issue.

Following admission of the Hamburg and Ingolstadt Consideration Shares and the 40.0 million Placing Shares announced on
23 August 2013, which is expected to occur on 3 September 2013, the total number of voting rights in the Company will be
1,020,569,818. No Ordinary Shares are held in treasury. The figure of 1,020,569,818 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency
Rules.

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

2 September 2013


Sponsor to Redefine Properties International Limited

Java Capital

Date: 02/09/2013 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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