Dealings in securities by directors 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 OF REDEFINE Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the deferred award 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 incentives payable under the STI Scheme were 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 2016. The STI Scheme purchased 646 481 shares on-market at a weighted average price of R9.8998 per share for a total value of R6 400 032.60 in order to settle the following awards on 7 December 2018*: Name of director: Marc Wainer Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 279 373 Total value of transaction: R2 765 736.83 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 Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 207 657 Total value of transaction: R2 055 762.77 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 159 451 Total value of transaction: R1 578 533.01 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 on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 279 373 Weighted average price per security:* R9.8998 Total value of transaction: R2 765 736.83 Nature of transaction: On-market sale Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 96 560 Weighted average price per security:* R9.8998 Total value of transaction: R955 924.69 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 74 144 Weighted average price per security:* R9.8998 Total value of transaction: R734 010.77 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 on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. Shareholders are further advised of the following information relating to the award and acceptance of shares pursuant to the provisions of the STI Scheme, whereby a portion of the 2018 short-term incentive payable under the STI Scheme may be settled by the grant of restricted shares under the Restricted Share Scheme; which shares will vest in three equal tranches commencing on 30 November 2019 and each year thereafter. Name of director: Marc Wainer Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 542 561 Price per security: Rnil Total value of transaction: R5 251 990.48, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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 Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 434 081 Price per security: Rnil Total value of transaction: R4 201 904.08, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 349 184 Price per security: Rnil Total value of transaction: R3 380 101.12, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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 further advised of the following dealings in relation to the vesting of the 2015 award of restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme disclosed in the announcement released on SENS on 2 December 2015. The Restricted Share Scheme purchased 930 000 shares on-market at a weighted average price of R9.8998 per share for a total value of R9 206 814.00 in order to settle the following awards on 7 December 2018*: Name of director: Marc Wainer Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 400 000 Total value of transaction: R3 959 920.00 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 Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 300 000 Total value of transaction: R2 969 940.00 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 230 000 Total value of transaction: R2 276 954.00 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 on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. Shareholders are further advised of the following dealings in securities following the vesting of the 2015 award of restricted shares under the Restricted Share Scheme disclosed above: Name of director: Andrew Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 139 500 Weighted average price per security:* R9.8998 Total value of transaction: R1 381 022.10 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 106 950 Weighted average price per security:* R9.8998 Total value of transaction: R1 058 783.61 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 on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. 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, vesting will occur on 30 November 2021; 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 542 561 Price per security: Rnil Total value of transaction: R5 251 990.48, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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 Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 434 081 Price per security: Rnil Total value of transaction: R4 201 904.08, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 349 184 Price per security: Rnil Total value of transaction: R3 380 101.12, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R9.68 per share ("the 5 day vwap") as at 30 November 2018 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 11 December 2015. Name of director: Marc Wainer Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 392 486 Weighted average price per security:* R9.8998 Total value of transaction: R3 885 532.90 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 Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 306 156 Weighted average price per security:* R9.8998 Total value of transaction: R3 030 883.17 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: Leon Kok Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 201 948 Weighted average price per security:* R9.8998 Total value of transaction: R1 999 244.81 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 * Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 392 486 Weighted average price per security:* R9.8998 Total value of transaction: R3 885 532.90 Nature of transaction: On-market sale Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of director: Andrew Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 142 362 Weighted average price per security:* R9.8998 Total value of transaction: R1 409 355.33 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 93 905 Weighted average price per security:* R9.8998 Total value of transaction: R929 640.72 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 on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. Shareholders are also advised of the following dealings in securities in relation to the purchase of shares under the Matching Scheme: Name of director: Andrew Konig Transaction date: 7 December 2018 Class of securities: Ordinary shares Number of securities: 140 923 Weighted average price per security:* R9.7978 Total value of transaction: R1 380 735.37 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: 7 December 2018 Class of securities: Ordinary shares Number of securities: 113 362 Weighted average price per security:* R9.7978 Total value of transaction: R1 110 698.20 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 * Highest traded price per security on the market on the day: R9.90 and lowest traded price per security on the market on the day: R9.62. 12 December 2018 Sponsor Java Capital Date: 12/12/2018 05:50:00 Produced by the JSE SENS Department. 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