CONFIRMATION OF ACQUISITION & LISTING APPLICATION

REDEFINE INTERNATIONAL P.L.C.

 ("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

CONFIRMATION OF ACQUISITION AND LISTING APPLICATION

Further to the details set out in the Company's results announcement released today, the Company confirms that it has today agreed to acquire a further 5.0 million shares (representing an 8.9 per cent stake) in International Hotels Group Limited ("IHL") from Redefine Properties Limited in consideration for the issue of 12.5 million new Redefine International shares ("New Shares") (representing 0.7 per cent of the Company's current issued share capital).

Application will be made for these New Shares to be admitted to the Premium Segment of the Official List and to trading on the London Stock Exchange's Main Market and to be listed on the JSE ("Admission"). The above transaction takes the Company's interest in IHL from 17.2 per cent to 26.2 per cent and constitutes a smaller related party transaction which falls within LR 11.1.10 R of the UK Listing Rules.

Admission of the New Shares, which will rank pari passu with the existing ordinary shares in the Company, is expected to occur on 1 November 2017. 

Following Admission, the Company's issued share capital will comprise 1,840,560,146 ordinary shares with one voting right per share. No shares are held in Treasury. The total number of voting rights will be 1,840,560,146. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

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About Redefine International

Redefine International is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to delivering superior distributions to its shareholders throughout the property cycle.

The Company's income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure. The continued transformation of both the corporate structure and asset base offer a solid foundation to drive further value. At 31 August 2017, the diversified portfolio, independently valued at £1.5 billion, is focused in Europe's two strongest economies, being the United Kingdom and Germany. The portfolio is weighted towards well located properties across a range of sectors, including retail, offices, distribution and hotels, which benefit from strong demand and from which they can capture income and value growth by attracting high calibre occupiers on long leases. The Company's investment philosophy is to effectively allocate recycled capital from mature assets into sectors and locations with strong occupier fundamentals and individual assets with realisable upside.

The secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of 7.4 years complemented by an average debt maturity of 7.3 years of which over 90% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and boasts one of the lowest cost ratios in the industry whilst continuously driving lower cost of debt.

Redefine International holds a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and is included within the FTSE 250, EPRA and GPR indices.

For more information on Redefine International, please refer to the Company's website www.redefineinternational.com.