REDEFINE INTERNATIONAL PLC - Part disposal of Delta portfolio

Part disposal of Delta portfolio

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or the “Company” or the “Group”)


PART DISPOSAL OF DELTA PORTFOLIO


Redefine International, the income focused UK Real Estate Investment Trust (“UK-REIT”), is
pleased to announce that it has completed the disposal of 10 regional office assets for an
aggregate consideration of GPB35.06m representing a 12.4% premium to book value (the
“Disposal”).

The assets formed part of the Company’s non-core portfolio which, following the Disposal, has
been reduced to approximately GBP30m or 3.0% of the Group’s direct property portfolio. The
proceeds of the Disposal will be used to repay debt associated with the Delta facility which was
successfully restructured in October 2012. The Company continues to benefit from a 65% share
of net income from the remaining Delta portfolio. The Delta facility remains non-recourse to the
Group and the Disposal has no impact on the Company’s adjusted net asset value.

Mike Watters, Chief Executive of Redefine International, said:

“We are pleased with the successful outcome of this disposal. Investor appetite for regional
offices is growing and we are therefore confident of our plans for completing the remaining
disposals of our non-core assets and we will provide a further update in due course.”

For further information:
Redefine International P.L.C.
Michael Watters, Stephen Oakenfull                                    Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore, Claire Turvey                      Tel: +44 (0) 20 3727 1000

FTI Consulting
SA Public Relations Adviser
Max Gebhardt                                                          Tel: + 27 (0) 11 214 2402

JSE Sponsor
                                                                      Tel: + 27 (0) 11 283 0042
Java Capital

Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a
secondary listing on the Johannesburg Stock Exchange.


7 October 2014

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