REDEFINE INTERNATIONAL PLC - Redefine BDL Hotel Group expands its managed portfolio

Redefine BDL Hotel Group expands its managed portfolio

REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
(“Redefine International” or “the Company”)


REDEFINE BDL HOTEL GROUP EXPANDS ITS MANAGED PORTFOLIO


Redefine International, the FTSE 250 income focused UK-REIT, is pleased to advise that the Redefine BDL
Hotel Group Limited (“RBH”), in which the Company has a 30.4% shareholding, has completed on a
transaction to manage a prestigious portfolio of 26 four-star luxury hotels located throughout the UK (the
“Transaction”).

The Transaction will result in RBH now managing in excess of 75 hotels, including a diverse mix of branded
and private label properties together providing more than 11,000 rooms across the UK.

Mike Watters, CEO of Redefine International, commented: -

“The inclusion of this portfolio is expected to drive significant additional revenue for RBH going forward.
All round, this a great accolade for the management team at RBH, as it is a clear endorsement of their track
record and reputation in the market as experts in hotel management.”

The full RBH press release can be found on their website at http://www.redefinebdl.com/

For further information:

Redefine International P.L.C.
Mike 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

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet, Lizelle du Toit                               Tel: +27 (0) 11 447 3030

Java Capital
JSE Sponsor                                                    Tel: +27 (0) 11 722 3050

Note to editors:

About Redefine International

Redefine International is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT)
committed to delivering superior distributions to its shareholders throughout the property cycle.

The Company’s income driven total returns are underpinned by a diversified portfolio, together with an
efficient capital structure. The continued transformation of both the corporate structure and asset base offer a
solid foundation to drive further value. At 28 February 2017, the diversified portfolio, independently valued
at £1.5 billion, is focused in Europe's two strongest economies, being the United Kingdom and Germany.
The portfolio is weighted towards well located properties across a range of sectors, including retail, offices,
distribution and hotels, which benefit from strong demand and from which they can capture income and
value growth by attracting high calibre occupiers on long leases. The Company’s investment philosophy is
to effectively allocate recycled capital from mature assets into sectors and locations with strong occupier
fundamentals and individual assets with realisable upside.

The secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of
7.5 years complemented by an average debt maturity of 6.8 years of which over 95% of interest costs are
either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and
boasts one of the lowest cost ratios in the industry whilst continuously driving lower cost of debt.

Redefine International holds a primary listing on the London Stock Exchange and a secondary listing on the
Johannesburg Stock Exchange and is included within the FTSE 250, EPRA and GPR indices.

For more information on Redefine International, please refer to the Company’s website
www.redefineinternational.com.

2 October 2017

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