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 advised of the following information relating to dealings in securities by an associate of a director of Redefine: Name of associate: Clearwater Capital (Holdings) (Pty) Ltd (“Clearwater Capital Holdings”) Name of director: Harish Mehta Relationship to director: Manton No. 1 (Pty) Ltd (“Manton”), which is wholly owned by The HKM Family Trust (of which Harish Mehta is a trustee and beneficiary), is a shareholder of Clearwater Capital Holdings. Harish Mehta is a director of Manton and the sole director of Clearwater Capital Holdings. The HKM Family Trust No 2 (of which Harish Mehta is a trustee and beneficiary) is the sole shareholder of Clearwater Capital (Pty) Ltd, which is also a shareholder of Clearwater Capital Holdings. Transaction date: 29 August 2019 Class of securities: Ordinary shares Nature and extent of director’s interest: Indirect beneficial Nature of transaction: Off-market long dated over-the-counter hedging transaction, comprising a 5 year put option over 18 000 000 Redefine shares with a put strike price of R7.81 and an expiry date of 30 August 2024. The transaction is intended to be cash settled by Clearwater Capital Holdings at expiry with no change in its shareholding in Redefine. Shareholders are further referred to the announcement released on SENS on 30 August 2018 wherein shareholders were advised that Clearwater Capital Holdings had entered into zero cost collar hedges (the “hedge”) over 5 000 000 Redefine shares with a short put strike price of R9.45, a long put strike price of R10.50 and a call strike price of R10.90 and an expiry date of 27 August 2019; and to the announcement released on 31 August 2018 wherein shareholders were advised that Clearwater Capital Holdings had entered into a hedge over 700 000 Redefine shares with a short put strike price of R9.54, a long put strike price of R10.60, a call strike price of R11.00 and an expiry date of 30 August 2019 (collectively “the transactions”). The transactions have now expired and were settled off-market by way of a cash payment to Clearwater Capital Holdings of in aggregate R5 992 000.00 under the terms of the hedges, with no change in Clearwater Capital Holdings’ shareholding in Redefine. 30 August 2019 Sponsor Java Capital Date: 30/08/2019 05:30:00 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.