Dealings 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") DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are referred to the announcement released on SENS on 1 June 2017 wherein shareholders were advised that Clearwater Capital (Holdings) (Pty) Ltd (“Clearwater”), an associate of a director of Redefine, Harish Mehta, (by virtue of the fact that Manton No. 1 Proprietary Limited, which is wholly owned by The HKM Family Trust (of which Harish Mehta is a trustee and beneficiary), is a shareholder of Clearwater and the fact that Harish Mehta is the sole director of Clearwater Capital (Pty) Ltd (the sole shareholder of which is the HKM Family Trust No 2, of which Harish Mehta is a trustee and beneficiary, and which is also a shareholder of Clearwater), had entered into a zero-cost collar hedge (the "collar"), in respect of in aggregate 8 000 000 Redefine shares, having a short put strike price of R10.0863, a long put strike price of R11.2070 and a call strike price of R11.6755, which collar would settle on 25 May 2018 (the "settlement date"). As the price of Redefine shares at the settlement date was higher than the long put strike price of R11.2070, and lower than the short call strike price of R11.6755, the long put was settled off-market with no monies accruing to either party and no change in Clearwater's shareholding in Redefine. 30 May 2018 Sponsor Java Capital Date: 30/05/2018 04:45:00 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.