Dealing in securities by an associate of a director of the company 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”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are referred to the announcement released on SENS on 24 November 2016 wherein shareholders were advised that Clearwater Property Holdings No 4 (Pty) Ltd (“Clearwater”), an associate of Harish Mehta (by virtue of his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the “collar”), in respect of in aggregate 6 900 000 Redefine shares, having a short put strike price of R10.4418, a long put strike price of R11.6020 and a call strike price of R12.4373, which collar would settle on 20 November 2017 (the “settlement date”). As the price of Redefine shares at the settlement date was lower than the long put strike price of R11.6020, and higher than the short put strike price of R10.4418, the long put was settled off-market by way of a cash payment to Clearwater of R6 334 200, with no change in Clearwater’s shareholding in Redefine. 21 November 2017 Sponsor Java Capital Date: 21/11/2017 04:40:00 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.