Sharenet Sites 
Sharenet Sites
Refinancing of German retail portfolio and disposal to joint venture
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”)
REFINANCING OF GERMAN RETAIL PORTFOLIO AND DISPOSAL TO JOINT VENTURE
Further to the announcement of 29 January 2015, Redefine International confirms that it has completed the first part of
the refinancing related to the €156.8m German retail property portfolio acquired in a 50/50 joint venture with Redefine
Properties (the “Joint Venture”).
As previously indicated, it was the intention of the Joint Venture to refinance the existing €100.0m debt facilities acquired
on acquisition with a new single facility at current market rates. The Joint Venture has secured a €83.15m facility from
Berlin Hyp AG (the “Facility”) and has initially drawn down €64.93m. Total loan break costs of €10.5m were settled by
the Joint Venture as part of the initial drawdown. The Facility has a margin of 1.20% and an all-in interest rate of 1.58%,
assuming the current five year Euro swap rate. The Facility has no amortisation and matures in May 2020.
Simultaneous to the refinancing, agreement has been reached with Redefine Properties to dispose of 12 German retail
properties currently owned by Redefine International (the “Properties”) to the Joint Venture. The Properties, which have
a total valued of €16.89m, fit well with the profile of the existing portfolio as they also comprise discount retail and mixed
use centres, let to well-known German retailers.
Redefine Properties is a related party of the Company under the Listing Rules by virtue of its 30.03% shareholding in the
Company and therefore the further investment into the Joint Venture as a result of the above transactions fall within
Listing Rule 11.1.10 R. Redefine International will be funding its 50% equity contribution required to complete this
refinancing through the disposal of the Properties and by injecting €9.15m of cash.
For further information:
Redefine International P.L.C.
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Sweeney Tel: +44 (0) 20 3727 1000
FTI Consulting
UK Public Relations Adviser
Max Gebhardt Tel: + 27 (0) 11 214 2402
JSE Sponsor
Java Capital Tel: + 27 (0) 11 722 3050
Notes to editors:
Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock
Exchange and a secondary listing on the Johannesburg Stock Exchange.
The Group invests in large, well developed economies with established and transparent real estate markets. Within these
markets, Redefine International’s £1 billion investment portfolio provides diversified exposure to the commercial,
industrial, retail and hotel sectors.
Redefine International is focused on delivering sustainable and growing income to shareholders through investment in
income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset
management and other low capex development activities.
2
As a UK-REIT, the Group aims to distribute of the majority of its earnings available for distribution on a semi-annual
basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.
www.redefineinternational.com
6 May 2015
Date: 06/05/2015 08:00:00 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.
