Admission of Ordinary Shares

FOR IMMEDIATE RELEASE

23 September 2011

Redefine International P.L.C.

(the "Company")

Admission of Ordinary Shares

The Directors of Redefine International P.L.C., the Isle of Man domiciled, income-focused property company, are pleased to announce the Company's admission of an additional 6,756,379 Ordinary Shares of 7.2 pence each to the Premium Segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities, effective from 8:00 am on 26 September 2011.

Following completion of the reverse takeover of Redefine International plc ("Redefine"), these additional shares have been allotted further to the receipt of acceptances subsequent to the First Close Date on 22 August 2011 and further to the receipt of acceptances for which shares were allotted on 19 September 2011. A further admission of shares will be made following completion of the compulsory acquisition as announced on 23 August 2011, which is expected by 4 October 2011, at which point Redefine will become a wholly-owned subsidiary of the Company. 

The total number of voting rights in the Company is therefore 553,814,112. The figure of 553,814,112 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. 

This announcement should be read in conjunction with the full text of the Prospectus published on 13 July 2011 available on the Company's website at www.redefineinternational.com. Defined terms used in the Prospectus shall have the same meanings when used in this announcement unless the context otherwise requires.

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