REDEFINE PROPERTIES LIMITED - Update on transaction between Redefine and Fountainhead Property Trust

Update on transaction between Redefine and Fountainhead Property Trust

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
(“Redefine”)


UPDATE ON TRANSACTION BETWEEN REDEFINE AND FOUNTAINHEAD PROPERTY TRUST


Redefine shareholders are referred to the previous announcements, the last of which was released on SENS on
19 August 2014 in terms of which Redefine and Fountainhead Property Trust advised their respective shareholders
and unitholders that they, together with Fountainhead Property Trust Management Limited FPTML, had entered into
an agreement in terms of which Fountainhead had agreed, subject to the fulfilment of various conditions including the
obtaining of requisite Fountainhead unitholder approval, to dispose of all its assets, including the entire Fountainhead
property portfolio in exchange for 82 Redefine shares for every 100 Fountainhead units in issue and the assumption by
Redefine of all of Fountainhead’s liabilities, including Fountainhead’s interest-bearing debt (“the transaction”).

Redefine shareholders are hereby advised that at the general meeting of Fountainhead convened on Friday,
22 August 2014 the proposed resolution necessary to implement the transaction was supported by more than 71% of
Fountainhead unitholders present or represented by proxy at the general meeting but not by the requisite majority
required to pass the proposed resolution, being 75% of Fountainhead unitholders present or represented by proxy at
the general meeting. The transaction will accordingly not be implemented.

22 August 2014


Corporate advisor and sponsor

Java Capital

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