REDEFINE PROPERTIES LIMITED - Cancellation of put option

Cancellation of put option

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”)


CANCELLATION OF PUT OPTION


Shareholders are referred to the announcement dated 30 August 2016, relating to the acquisition by key
executives of Redefine of a stake in Echo Polska Properties N.V. (“EPP”) as well as the granting of a put
option to those executives in terms of which they could sell their EPP stake shares back to a wholly-owned
subsidiary of Redefine (the “Put Option”).

A number of Redefine shareholders have raised concerns with the company that the Put Option is
inconsistent with the creation of an alignment of interests between Redefine and the key executives in
relation to their shareholding in EPP. This was never the intention of the Put Option and, having canvassed
further with shareholders, Redefine and the executives have mutually agreed to cancel the Put Option.

9 September 2016

Sponsor
Java Capital

Date: 09/09/2016 02:15:00 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.