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

On 26 April 2016 the Company declared an interim dividend of 1.625 pence per share in respect of the six months ended 29 February 2016 and offered shareholders an election to receive either a cash dividend or a scrip dividend by way of an issue of new Redefine International shares (of the same class as existing shares) credited as fully paid up ("scrip dividend shares").

The Company is pleased to announce that election forms for 907,373,448 ordinary shares of 8 pence each in the Company ("ordinary shares") have been received, representing a 51.4 per cent take up by shareholders, for which 28,443,527 scrip dividend shares are to be issued, being approximately 1.6 per cent of the current issued share capital of the Company.

An application will be 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 Monday, 6 June 2016.

This announcement is being made ahead of the proposed schedule, prior to Admission.

Following Admission, the total number of voting rights will be 1,794,598,650 ("ISC"). No ordinary shares are held in treasury. The figure of 1,794,598,650 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:

Redefine International P.L.C.

Donald Grant Tel: +44 (0) 20 7811 0100

FTI Consulting

UK Public Relations Adviser

Dido Laurimore, Claire Turvey, Ellie Sweeney Tel: +44 (0) 20 3727 1000

FTI Consulting

SA Public Relations Adviser

Max Gebhardt Tel: + 27 (0) 11 214 2402

JSE Sponsor

Java Capital Tel: + 27 (0) 11 722 3050

Notes to editors:

Redefine International is an opportunistic, income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to delivering superior distributions to its shareholders throughout the property cycle. Our income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure.

The property 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 retail, commercial and hotel sectors, which benefit from strong demand and from which we believe we can capture income and value growth by attracting high calibre occupiers on long leases.

We hold a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and are included within the FTSE 250 and EPRA indices.

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