Posting of dividend election circular to Redefine shareholders 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 DIVIDEND ELECTION CIRCULAR TO REDEFINE SHAREHOLDERS Shareholders are referred to the announcement accompanying Redefine’s interim results for the six months ended 28 February 2017, released on SENS on 8 May 2017. Shareholders were advised that the board of directors of Redefine has declared a cash dividend of 44.82 cents per Redefine ordinary share for the six months ended 28 February 2017 and that shareholders have been provided with an election to reinvest the cash dividend in return for Redefine shares (the “share reinvestment alternative”). The circular relating to the share reinvestment alternative has been issued to Redefine shareholders. Copies of the circular may be obtained from the registered offices of Redefine, Rosebank Towers, 19 Biermann Avenue, Rosebank, Johannesburg, 2196 during normal business hours. The circular will also be available in electronic format on the company’s website at www.redefine.co.za. 12 May 2017 Corporate advisor and sponsor Java Capital Date: 12/05/2017 04:20:00 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.