Results of Dividend Election

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

RESULTS OF DIVIDEND ELECTION

Redefine International shareholders are referred to the results announcement for the year ended 31 August 2014 released on 29 October 2014 where the Company declared an interim dividend of 1.70 pence per share in respect of the six months ended 31 August 2014 and offered shareholders an election to receive either a scrip dividend by way of an issue of new Redefine International shares credited as fully paid up (the "scrip dividend") or a cash dividend (the "cash dividend").  

The Company is pleased to announce that election forms for 748,692,215 ordinary shares of 8 pence each in the Company ("ordinary shares") have been received, representing a 57.8 per cent take up by shareholders, for which 23,811,486 scrip dividend shares are to be issued, being approximately 1.8 per cent of the current issued share capital of the Company ("ISC").

An application has been made for the scrip dividend shares, which will rank pari passu in all respects with the Company's existing issued Ordinary Shares, to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities and to be listed on the JSE ("Admission"). It is expected that Admission will occur on 5 December 2014.

This announcement is being made ahead of the proposed schedule in order to confirm the property income distribution ("PID") and non-PID allocations for the cash dividend and the scrip dividend.

Redefine International shareholders are further referred to the finalisation announcement in respect of the interim dividend for the six months ended 31 August 2014, released on 6 November 2014, wherein it was stated that "the non-PID element will first accrue to the shareholders who make an election to receive shares and thereafter pro-rata to the cash dividend if any non-PID element is remaining". Shareholders are advised that as the scrip dividend elections exceeded the total amount of non-PID element available, the resulting allocations are set out in the tables below:

i) Shareholders receiving the scrip dividend

Share entitlement: Shareholders on the UK share register

*Certain categories of UK shareholders may apply for exemption, in which case the PID element will be paid gross.

Share entitlement: Shareholders on the SA share register

ii) Shareholders receiving the cash dividend

As a result of the scrip elections exceeding the total amount of non-PID element available, the cash dividend will be paid out purely as a PID:

*Certain categories of UK shareholders may apply for exemption, in which case the PID element will be paid gross.

Following Admission, the total number of voting rights will be 1,319,908,835. No ordinary shares are held in treasury. The figure of 1,319,908,835 ordinary shares may then 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 UK Financial Conduct Authority's Disclosure and Transparency Rules. 

The following Directors and Connected Persons have informed the Company that they have elected to take up the Scrip Dividend Shares:-

For further information:

Notes to editors:

Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.