REDEFINE PROPERTIES LIMITED - Changes to the board of directors of Redefine

Release Date: 01/08/2014 09:30
Code(s): RDF
Wrap Text
Changes to the board of directors of Redefine

(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”)


Linked unitholders are advised that following the resignation of Dines Gihwala as Chairman of the board of
directors of Redefine on 26 June 2014, Marc Wainer, currently the company’s Chief Executive Officer, has
been appointed as Executive Chairman of Redefine and Andrew Konig, currently the Financial Director of
the company, has been appointed as Chief Executive Officer of Redefine with immediate effect. A Financial
Director will be recruited in due course.

As Marc is an executive director he is deemed to be non-independent in terms of King III. Accordingly,
Bernie Nackan currently an independent non-executive director to Redefine has been appointed as the lead
independent non-executive director.

Marc will retain a key strategic role in growing and diversifying Redefine’s property asset base and will
support group Investor Relations. Andrew will be charged with managing the daily activities of Redefine
with a continuing focus on Redefine’s finance and funding operations.

David Rice continues as Chief Operating Officer and Mike Ruttell as the Executive Director responsible for
development activities.

David Nathan has been appointed Chairman of the Audit and Risk Committee following the untimely
passing of Roger Rees and will replace Dines Gihwala as Chairman of the Social and Ethics Committee. In
addition Günter Steffens has been appointed as a member of the Audit and Risk Committee and of the
Remuneration and Nomination Committee.

Linked unitholders are further advised that Mike Watters, the current Chief Executive Officer of Redefine
International P.L.C. has been appointed an a non-independent non-executive director with immediate effect.
Mike brings with him a wealth of property and corporate finance experience.

1 August 2014


Java Capital

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