Results of Dividend Reinvestment Alternative 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”) RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE Shareholders are referred to the declaration of a final cash dividend of 41.00 cents per share (the “cash dividend”) with an election to reinvest the dividend in return for Redefine shares (the “share reinvestment alternative”) announced on SENS on Thursday, 5 November 2015 for the year ended 31 August 2015 and the announcement of the reinvestment price per new share (being R10.30 per share) applicable to Redefine shareholders electing the share reinvestment alternative released on SENS on Friday, 13 November 2015. Shareholders holding 2 450 342 348 Redefine shares or 51.54% of Redefine shares (prior to the election) qualifying to receive the cash dividend elected to receive the share reinvestment alternative, resulting in the issue of 95 989 000 new Redefine shares, retaining R988 686 013.10 (based on the issue price of R10.30 per new share after accounting for the applicable dividend withholding tax) in new equity for Redefine. Accordingly, a total cash dividend of R960 658 900.39 (of which R15 954 349.58 is payable as a result of the dividend withholding tax applicable to certain shareholders who elected the share reinvestment alternative) is payable today in respect of 2 304 157 441 Redefine shares. Certificated shareholders who did not elect the share reinvestment alternative in respect of some or all of their shares and who have provided their bank details to Redefine’s transfer secretaries will have their bank accounts credited on Monday, 30 November 2015. Share certificates in respect of certificated shareholders who did elect the share reinvestment alternative in respect of some or all of their shares will be posted on Wednesday, 2 December 2015 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share reinvestment alternative in respect of some or all of their shares will be credited with the cash dividend on Monday, 30 November 2015 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share reinvestment alternative in respect of some or all of their shares will be credited on Wednesday, 2 December 2015 with their new Redefine shares. 30 November 2015 Corporate advisor and sponsor Java Capital Date: 30/11/2015 05:22:00 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.