Dealings in securities by directors and by the company secretary of Redefine 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”) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF REDEFINE Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the deferred awards of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme (“the STI Scheme”), whereby a portion of the 2015 and 2016 short-term incentive payable under the STI Scheme was settled by the grant of restricted shares under the Restricted Share Scheme (“the Restricted Share Scheme”) as disclosed in the announcement released on SENS on 17 November 2015 and 19 December 2017. The STI Scheme purchased 541 849 shares on-market at a weighted average price of R10.0068 per share in order to settle the following awards on 12 December 2017*: Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 279 373 Total value of transaction: R2 795 629.74 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 207 658 Total value of transaction: R2 077 992.07 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme Name of director: Leon Kok Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 159 451 Total value of transaction: R1 595 594.27 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme * Highest traded price per security: R10.15 and lowest traded price per security: R9.96. Shareholders are hereby advised of the following dealings in securities following the vesting of the restricted shares under the Restricted Share Scheme as disclosed above: Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 129 908 Weighted average price per security: R10.0068 Total value of transaction: R1 299 963.37 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 96 560 Weighted average price per security: R10.0068 Total value of transaction: R966 256. 61 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Leon Kok Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 74 144 Weighted average price per security: R10.0068 Total value of transaction: R741 944.18 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes * Highest traded price per security: R10.15 and lowest traded price per security: R9.96. Shareholders are further advised of the following dealings in relation to the vesting of the 2014 award of restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme disclosed in the announcement released on SENS on 28 November 2014. The Restricted Share Scheme purchased 513 503 shares on-market at a weighted average price of R10.0068 per share in order to settle the following awards on 12 December 2017*: Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 294 240 Total value of transaction: R2 944 400.83 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 219 263 Total value of transacti on: R2 194 120.99 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme * Highest traded price per security: R10.15 and lowest traded price per security: R9.96. Shareholders are further advised of the following dealings in securities following the vesting of the 2014 award of restricted shares under the Restricted Unit Scheme disclosed above: Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 136 821 Weighted average price per security: R10.0068 Total value of transaction: R1 369 140.38 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 101 957 Weighted average price per security: R10.0068 Total value of transaction: R1 020 263.31 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are further advised of the following dealings in securities in relation to the vesting of the fourth tranche of the award of restricted shares under the Restricted Share Scheme disclosed in the announcement released on SENS on 28 November 2014. The Restricted Share Scheme purchased 156 256 shares on-market at a weighted average price of R10.0068 per share in order to settle the following awards on 12 December 2017*: Name of director: Leon Kok Transaction date: 12 December 2016 Class of securities: Ordinary shares Number of securities: 156 256 Total value of transaction: R1 563 622.54 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme * Highest traded price per security: R10.15 and lowest traded price per security: R9.96. Shareholders are further advised of the following dealings in securities following the vesting of the fourth tranche of the award of restricted shares under the Restricted Unit Scheme disclosed above: Name of director: Leon Kok Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 72 659 Weighted average price per security: R10.0068 Total value of transaction: R727 084.08 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are further advised of the following information relating to the grant and acceptance of shares offered under the Restricted Share Scheme in accordance with the following conditions: - upon the acceptance of the award of restricted shares under the Restricted Share Scheme (“restricted shares”), vesting will occur on 30 November 2020; and - 75% of the award is subject to certain performance conditions relating to growth in distributions per share in relation to peer companies, performance relative to approved budget and achievement of individual key performance indicators. Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 547 450 Price per security: Rnil Total value of transaction: R5 496 400.00, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the transaction date, ex dividend, of R10.04 per share (“the 5 day vwap”) as at 30 November 2017 Nature of transaction: Off-market acceptance of the restricted shares offered in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 446 530 Price per security: Rnil Total value of transaction: R4 483 164.00, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the transaction date, ex dividend, of R10.04 per share (“the 5 day vwap”) as at 30 November 2017 Nature of transaction: Off-market acceptance of the restricted shares offered in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Leon Kok Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 306 780 Price per security: Rnil Total value of transaction: R3 080 068.00, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the transaction date, ex dividend, of R10.04 per share (“the 5 day vwap”) as at 30 November 2017 Nature of transaction: Off-market acceptance of the restricted shares offered in terms of the Restricted Share Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are also advised of the following dealings in securities in relation to the matching of qualifying shares held for 3 years under the Matching Scheme of the Redefine Executive Incentive Scheme (“the Matching Scheme”) at a maximum multiple of 3, disclosed in the announcement released on SENS on 4 December 2014. Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 294 971 Price per security: R10.0068 Total value of transaction: R2 951 715.80 Nature of transaction: On-market purchase in terms of the Matching Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 250 101 Price per security: R10.0068 Total value of transaction: R2 502 710.69 Nature of transaction: On-market purchase in terms of the Matching Scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are also advised of the following dealings in securities following the matching of qualifying shares under the Matching Scheme disclosed above: Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 137 161 Price per security: R10.0068 Total value of transaction: R1 372 542.69 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 116 296 Price per security: R10.0068 Total value of transaction: R1 163 750.81 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are also advised of the following dealings in securities in relation to the transfer of after tax vested deferred shares under the Matching Scheme of the Redefine Executive Incentive Scheme (“the Matching Scheme”): Name of director: Marc Wainer Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 149 465 Price per security: R10.0068 Total value of transaction: R1 495 666.36 Nature of transaction: Off-market transfer of shares into the matching scheme. Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew König Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 111 098 Price per security: R10.006846 Total value of transaction: R1 111 735.47 Nature of transaction: Off-market transfer of shares into the matching scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Leon Kok Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 85 307 Price per security: R10.0068 Total value of transaction: R853 650.09 Nature of transaction: Off-market transfer of shares into the matching scheme Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are advised of the following awards under the Staff Incentive Scheme’s Nil-Cost Option Plan: Name of company secretary: Bronwyn Baker Vesting date: December 2019 Class of securities: Ordinary shares Number of securities: 24 429 Price per security: R10.33 Total value of transaction: R252 351.57 Nature of transaction: Award of shares under the Staff Incentive Scheme’s Nil-Cost Option Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Bronwyn Baker Vesting date: December 2020 Class of securities: Ordinary shares Number of securities: 35 104 Price per security: R10.04 Total value of transaction: R352 444.16 Nature of transaction: Award of shares under the Staff Incentive Scheme’s Nil-Cost Option Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 18 December 2017 Sponsor Java Capital Date: 18/12/2017 07:05:00 Produced by the JSE SENS Department. 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