Finalisation announcement and salient dates for the conversion of Redefine’s capital structure 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”) FINALISATION ANNOUNCEMENT AND SALIENT DATES FOR THE CONVERSION OF REDEFINE’S CAPITAL STRUCTURE Linked unitholders are referred to the announcement released on SENS on 16 May 2014 wherein the salient dates and times in respect of: - the conversion of Redefine’s current linked unit capital structure to an all share structure, to be effected by way of a scheme of arrangement in terms of section114 of the Companies Act, 71 of 2008; - the amendment of Redefine’s Memorandum of Incorporation to enable and give effect to the change in Redefine’s capital structure; - the amendment of Redefine’s Debenture Trust Deed; and - the subsequent termination of Redefine’s Debenture Trust Deed, (collectively the “transactions”) were announced as well as the announcement released on SENS on 11 July 2014 wherein linked unitholders were advised that the registration of the special resolutions in respect of the transactions had been delayed due to backlogs with the Companies and Intellectual Property Commission (“CIPC”). The special resolutions in respect of the transactions, together with all prescribed documents, have been registered by the CIPC. The Takeover Regulation Panel has issued a compliance certificate in terms of section 119(4) of the Companies Act, 71 of 2008, with the result that the transactions have now become unconditional in accordance with their terms. Accordingly the transactions will be implemented in accordance with the timetable set out below. 2014 Finalisation date announcement published in the press on Monday, 18 August Last day to trade in existing linked units on the JSE prior to the delinking of the linked units and the capitalisation of the debentures on Friday, 22 August Trading in delinked ordinary shares of no par value under the new ISIN: ZAE000190252 and the existing code of “RDF” commences on Monday, 25 August Suspension of listing of linked units on the JSE Monday, 25 August Scheme implementation record date for the delinking of the linked units and the capitalisation of the debentures at the close of business on Friday, 29 August Scheme operative date Monday, 1 September Date dematerialised shareholders will have their accounts updated at their CSDP or broker on Monday, 1 September Date of issue of new replacement share certificates provided that the old linked unit certificates have been surrendered by 12:00 on Friday, 29 August 2014 (any certificated linked units surrendered after this date will be replaced within 5 business days after receipt by the transfer secretaries) Monday, 1 September Termination of listing of linked units Monday, 1 September Notes: 1. All times given in this circular are local times in South Africa. 2. No dematerialisation of linked unit certificates may take place after Friday, 22 August 2014. 15 August 2014 Corporate advisor, legal advisor and sponsor Java Capital Date: 15/08/2014 11:21:00 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.