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REDEFINE PROPERTIES LIMITED - Results of the Accelerated Bookbuild Offering

Release Date: 26/11/2013 14:12
Code(s): RDF     PDF:  
Wrap Text
Results of the Accelerated Bookbuild Offering

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000143178
(Approved as a REIT by the JSE)
(“Redefine”)


RESULTS OF THE ACCELERATED BOOKBUILD OFFERING


NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, 
JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

Redefine is pleased to announce that it has closed its accelerated bookbuild offering of new linked units (the “Placement”). In
light of strong demand, the amount of capital to be raised has been increased to R1.3 billion.

The Placement was oversubscribed and 135 400 000 new linked units were placed with qualifying investors at a price of R9.60
per linked unit.

The issue price represents a discount of 4.0% to the closing price and to the 30 day volume weighted average price of Redefine
linked units on 25 November 2013.

Subject to approval by the JSE Limited, listing and trading of the new linked units is expected to commence at 09h00 on
3 December 2013.

Java Capital and Rand Merchant Bank, a division of FirstRand Bank Limited, are acting as joint bookrunners (the “Joint
Bookrunners”) for the Placement.

Johannesburg
26 November 2013


Joint Bookrunner and JSE sponsor

Java Capital


Joint Bookrunner

Rand Merchant Bank,a division of FirstRand Bank Limited




This announcement is not for publication or distribution or release, directly or indirectly, in or into the United States, Australia,
Canada, Japan or any other jurisdiction in which such release, publication or distribution would be unlawful. This
announcement is for information purposes only and shall not constitute or form part of an offer or solicitation of an offer to
purchase or subscribe for securities in the United States or any other jurisdiction. The Placement is not to be regarded as an
offer or invitation to any person in any jurisdiction to the extent that any applicable legal requirement in such jurisdiction has
not been complied with or it is for any reason illegal or unlawful to make such an offer or invitation in such jurisdiction.

The securities offered in terms of the Placement have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "Securities Act"), and may not be offered or sold, directly or indirectly, in the United States, absent an
exemption from, or transaction not subject to, the registration requirements of the Securities Act. No public offering of
securities is being made in the United States. Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada, Australia or Japan.

Neither this announcement nor the Placement constitutes or is intended to constitute an offer to the public in South Africa in
terms of the South African Companies Act 71 of 2008 (as amended).

This announcement is for information purposes only and in member states of the European Economic Area (other than the
United Kingdom) is directed only at, and the Placement will only be made to, persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing rules and regulations
adopted by each Member State). In the United Kingdom, this announcement is directed only at, and the Placement will only be
made to, the following persons: investment professionals falling within article 19(5) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the "Order"); and high net worth entities, and other persons to whom it may lawfully
be communicated, falling within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Redefine. No representation or warranty, express or
implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint
Bookrunners or by any of its respective affiliates or agents as to, or in relation to, the accuracy or completeness of this
announcement or any other written or oral information made available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.

This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an
investment in the securities. Any investment decision to buy securities in the Placement must be made solely on the basis of
publicly available information which has not been independently verified by the Joint Bookrunners.

The Joint Bookrunners are acting for Redefine, and no one else, in connection with the Placement and will not be responsible to
anyone other than Redefine for providing the protections offered to clients of the Joint Bookrunners, nor for providing advice in
relation to the Placement.

Date: 26/11/2013 02:12:00 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.

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