RDI.L Regulatory News (RDI)

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

ACQUISITION OF MINORITY STAKE IN EUROPEAN MANAGEMENT COMPANY

Redefine International, a UK Real Estate Investment Trust ("UK-REIT") which has a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange, today announces that it has acquired the remaining 10% of the issued share capital in Redefine International Fund Managers Europe Limited ("RIFME"), the manager of the Company's European portfolio (the "Acquisition").

The Acquisition will bring the ownership of RIFME in line with the other management companies following the internalisation of the management function by the Company last year. The purchase will be settled by the issue of 444,754 new Redefine International ordinary shares of 8 pence each in the share capital of the Company (the "Consideration Shares") to the minority shareholder. The amount of Consideration Shares to be issued is proportional to the effective price paid for the management internalisation on 3 December 2013. The Consideration Shares represent approximately 0.04 per cent. of the current issued share capital of the Company. 

An application has been made for the Consideration Shares, which will rank pari passu in all respects with the Company's existing issued ordinary shares of 8 pence each ("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 21 May 2014.

Following Admission, the total number of voting rights in the Company will be 1,270,773,408. No Ordinary Shares are held in treasury. The figure of 1,270,773,408 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.

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