REDEFINE INTERNATIONAL PLC - Redefine International completes on Weston Favell Shopping Centre transaction

Redefine International completes on Weston Favell Shopping Centre transaction

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)


REDEFINE INTERNATIONAL COMPLETES ON WESTON FAVELL SHOPPING CENTRE TRANSACTION


Redefine International, a UK Real Estate Investment Trust (“REIT”) is pleased to confirm that, further to its
announcement on 17 October 2013, it has completed on the acquisition of the Weston Favell Shopping Centre,
Northampton for £84 million.

Weston Favell is an enclosed shopping centre situated on the edge of Northampton. The property comprises
approximately 307,763 sqft of retail accommodation arranged over two floors with 1,150 free parking spaces. Anchored
by one of the largest Tesco Extra supermarkets in the UK (156,987 sqft, with a 14.3 years unexpired lease term), the
centre has a total of 56 retail units and seven kiosks let to a variety of national and local retailers producing a net rental
income of £6.4 million p.a.

The key investment attractions include the centre’s dominance in the wider catchment, the lack of supermarket
competition in the north east of Northampton and the strength of the Tesco covenant which accounts for 53% of the net
passing rent. The current void rate is 3.4% by ERV and 2.2% by area.

Commenting, Mike Watters, Chief Executive of Redefine International, said:

“Delivering a net initial yield (after acquisition costs) of 7.2%, this shopping centre provides strong income whilst
presenting a number of asset management opportunities.”

For further information:

Redefine International P.L.C.
Michael Watters, Stephen Oakenfull                                Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore                                 Tel: +44 (0) 20 7831 3113

Marketing Concepts
SA Public Relations Adviser
Jaclyn Lovell                                                     Tel: + 27 (0) 11 783 0700

JSE Sponsor
Java Capital                                                      Tel: + 27 (0) 11 283 0042


Redefine International is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the
Johannesburg Stock Exchange.


12 December 2013

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