Posting of circular regarding the specific issue of shares for cash to the Redefine Empowerment 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” or the “company”) POSTING OF CIRCULAR REGARDING THE SPECIFIC ISSUE OF SHARES FOR CASH TO THE REDEFINE EMPOWERMENT TRUST Further to the announcement released on SENS on 6 May 2015, a circular dated 7 May 2015 (the “BEE circular”) has been issued to shareholders in respect of: - the issue of up to 300 million Redefine shares to the Redefine Empowerment Trust in terms of a specific issue of shares for cash; and - the granting by Redefine of a loan to the Redefine Empowerment Trust to fund the subscription of such Redefine shares. Copies of the BEE circular will be available for inspection during normal business hours at the offices of Redefine, Redefine Place, 2 Arnold Road Rosebank, 2196 from 7 May 2015 to 5 June 2015. The BEE circular will also be available in electronic format at www.redefineproperties.co.za. Included in the circular is a notice of general meeting of Redefine shareholders, which general meeting is to be held at the offices of Redefine, Redefine Place, 2 Arnold Road Rosebank, 2196 at 10:00 on Friday, 5 June 2015 to consider and, if deemed fit, pass, with or without modification, the resolutions necessary to give effect to, inter alia, the specific issue of shares for cash to the Redefine Empowerment Trust. The salient dates and times for the general meeting and specific issue of shares for cash to the Redefine Empowerment Trust are set out below. All times indicated below are local times in South Africa and are subject to change. Any such changes will be released on SENS and, if required, published in the press. 2015 Record date for receipt of notice purposes Thursday, 30 April Circular posted on Thursday, 7 May Last day to trade in order to be eligible to vote at the general meeting Friday, 22 May Record date in order to be eligible to vote at the general meeting Friday, 29 May Last day to lodge forms of proxy in respect of the general meeting Wednesday, 3 June General meeting at 10:00 on Friday, 5 June Results of the general meeting published on SENS on Friday, 5 June Subscription Shares issued to the Redefine Empowerment Trust on Monday, 15 June 7 May 2015 Corporate advisor and sponsor Java Capital Independent reporting accountants Grant Thornton Date: 07/05/2015 04:05:00 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.