Cromwell Release Half Year Results

27 February 2012

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

Cromwell Release Half Year Results

Redefine International is pleased to announce that its associate company, the Cromwell Property Group ("Cromwell"), has today released its half year results for the period ended 31 December 2011. Cromwell is an Australian Property Trust listed on the Australian Stock Exchange, in which the Company currently has a 23.2% interest held through its wholly-owned subsidiary Redefine Australian Investments Limited.

Cromwell's half year financial report can be found at http://www.cromwell.com.au/aboutcromwell/newsroom/. The highlights for the period are set out below:-

CROMWELL PORTFOLIO UNDERPINS STRONG FIRST HALF

1H12 HIGHLIGHTS

• Operating earnings of $37.0 million (3.8 cps), up 13%

• Statutory accounting loss of $6.8 million (0.7 cps) impacted by fair value of interest rate swaps

• Earnings from property investments of $37.5 million, up 15%

• Acquired HQ North Tower, Brisbane for $186 million

• Agreed terms to re-acquire Bundall Corporate Centre, Gold Coast for $63.4 million

• Successful completion of a 2 year capital raising programme places the Group in a position to drive

earnings and NTA growth from capital recycling opportunities and funds management activities

• Commenced $49 million equity raising for unlisted Ipswich City Heart Trust

• Launch of Cromwell Real Estate Partners, targeting wholesale opportunity fund investors

• Maintain guidance for FY12 (for year ending 30 June 2012) operating earnings of 7.3 cps and distributions of 7.0 cps

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