Directorate Change

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

DIRECTORATE CHANGE

Further to the announcement on 29 December 2014, advising that Andrew Rowell, the Chief Financial Officer of Redefine International, had tendered his resignation as a director of the Company, Redefine International confirms that Andrew will be stepping down from the Board on 31 May 2015.

In accordance with section 430(2b) of the Companies Act 2006 and in line with the current remuneration policy, approved by shareholders on 29 January 2015, the following remuneration payments will be made to Andrew Rowell:-

· Base Salary: this will be paid up until the date of 31 May 2015;

· Pension and other benefits: all payments will cease on 31 May 2015;

· Bonus: although there is no obligation to award a bonus, the Remuneration Committee has decided to grant a pro-rata bonus, based on his existing bonus arrangements, of £65,000, reflecting Andrew's exceptional contribution during the year and his commitment to further assist the Company over a substantial transition period following his ceasing to be a director; and

· Performance Share Plan: none of the contingent share awards will vest.

The appointment of Donald Grant as the new Chief Financial Officer was announced on 30 April 2015.

Mike Watters, Chief Executive of Redefine International, said:

"Andrew has been instrumental to the growth of Redefine International. I have enjoyed working with him over the last nine years and, on behalf of the Board and the shareholders, I would like to thank him and wish him well in his future endeavors."

 For further information:

Notes to editors:

Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.

The Group invests in large, well developed economies with established and transparent real estate markets. Within these markets, Redefine International's £1 billion investment portfolio provides diversified exposure to the commercial, industrial, retail and hotel sectors.

Redefine International is focused on delivering sustainable and growing income to shareholders through investment in income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset management and other low capex development activities.

As a UK-REIT, the Group aims to distribute the majority of its earnings available for distribution on a semi-annual basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.

www.redefineinternational.com