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REDEFINE PROPERTIES LIMITED - Announcement of distribution reinvestment price and confirmation of finalisation information

Release Date: 16/05/2014 11:07
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Announcement of distribution reinvestment price and confirmation of finalisation information

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”)


ANNOUNCEMENT OF DISTRIBUTION REINVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION


Further to the declaration of a cash distribution of 36.40 cents per linked unit (the “distribution”) with an
election to reinvest the distribution in return for Redefine linked units (the “linked unit reinvestment
alternative”) announced on SENS on 8 May 2014 (the “declaration announcement”), the price per linked
unit, as determined on 15 May 2014, applicable to Redefine linked unitholders electing the linked unit
reinvestment alternative and recorded in the register on Friday, 30 May 2014 (i.e. the “record date”’), is
R9.66 per linked unit (the “reinvestment price”).

The reinvestment price is at a 3.59% discount to the 5-day volume weighted average cum price of R10.02
and a discount of 3.21% to the closing price of R9.98 on 15 May 2014. Linked unitholders are advised that,
as per the published timetable, linked units will trade ex-distribution on Monday, 26 May 2014.

The linked unit ratio in respect of the linked unit alternative is 3.76812 new linked units : 100 linked units
held on the record date. Accordingly the number of new linked units to be issued per 100 linked units held
on the record date is 3.76812 new linked units. Fractions will be rounded up to the nearest whole number
where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the
fraction is less than 0.5.

Trading of Redefine linked units

As published in the declaration announcement, linked unitholders electing the linked unit reinvestment
alternative are once again alerted to the fact that the new linked units will be listed on LDT + 2 and that
these new linked units can only be traded on LDT + 2 being Tuesday, 27 May 2014, due to the fact that
settlement of the linked units will be two days after the record date, being Tuesday, 3 June 2014, which
differs from the conventional one day after record date settlement process.

Linked unitholders are reminded that the last day to elect to receive the linked unit reinvestment alternative
is 12:00 (South African time) on Friday, 30 May 2014.

The salient dates, timetable and all other information relating to the distribution (including the tax
implications) and linked unit reinvestment alternative disclosed in the declaration announcement remain
unchanged.

16 May 2014


Corporate advisor and sponsor

Java Capital

Date: 16/05/2014 11:07:00 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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