Results of distribution re-investment alternative 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”) RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE 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 Thursday, 8 May 2014 for the six months ended 28 February 2014 and the announcement of the reinvestment price per new linked unit (being R9.66 per linked unit) applicable to Redefine linked unitholders electing the linked unit alternative released on SENS on Friday, 16 May 2013. Linked unitholders holding 1 114 187 138 Redefine linked units or 36% of Redefine linked units qualifying to receive the distribution elected to receive the linked unit alternative, resulting in the issue of 41 613 025 new Redefine linked units, retaining R401 981 821.50 (based on the issue price of R9.66 per new linked unit after accounting for the applicable distribution withholding tax) in new equity for Redefine. Accordingly, a cash distribution of R715 854 268.41 (of which R3 582 296.73 is payable as a result of the dividend withholding tax applicable to certain linked unitholders who elected the linked unit reinvestment alternative) is payable today in respect of 1 956 791 131Redefine linked units. Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units were posted today to certificated linked unitholders at their risk and linked unit certificates in respect of certificated linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be posted on Monday, 2 June 2014 to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units will be credited with the cash distribution today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be credited on Tuesday, 3 June 2014 with their new Redefine linked units. 2 June 2014 Corporate advisor and sponsor Java Capital Date: 02/06/2014 02:26:00 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.