Proposed modification of ordinary resolution 10 proposed for adoption at the annual general meeting of the company 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” or the “company” or the “group”) PROPOSED MODIFICATION OF ORDINARY RESOLUTION 10 PROPOSED FOR ADOPTION AT THE ANNUAL GENERAL MEETING OF THE COMPANY Linked unitholders are advised that following feedback from institutional shareholders in respect of the resolutions proposed for adoption at the annual general meeting to be held at Redefine Place, 2 Arnold Road, Rosebank, on Thursday, 30 January 2014 at 10h00, the company has decided to limit the scope of authority granted to the board of directors in respect of ordinary resolution 10 by proposing the following modification at the annual general meeting: - to reduce the number of linked units which may be allotted or issued to fund the acquisition of property assets from 10% of the authorised but unissued linked units of the company to 10% of the issued linked units of the company. Shareholders are further advised that in the interest of complete disclosure, the fees payable to the auditors of the group and the company, for both audit and non-audit services for the financial year ended 31 August 2013 are set out below: Group Audit fees Non-audit fees Total R’000 R’000 R’000 Grant Thornton (Jhb) Inc. (formerly PKF (Jhb) Inc.) 1 860 891 2 751 Grant Thornton (Jhb) Inc. (Due diligence fees paid - 608 608 prior to PKF (Jhb) Inc. merger with Grant Thornton (Jhb) Inc.) KPMG Inc. (external auditors to Fountainhead 1 281 - 1 281 Property Trust) BDO South Africa Inc. (internal auditors to - 325 325 Fountainhead Property Trust) Other group audit fees (Saunderson and Co, Marx 873 - 873 Gore etc) 4 014 1 824 5 838 Redefine company Audit fees Non-audit fees Total R’000 R’000 R’000 Grant Thornton (Jhb) Inc. 1 860 - 1 860 1 860 - 1 860 23 January 2014 Sponsor Java Capital Date: 23/01/2014 01:23:00 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.