RDI.L Regulatory News (RDI)

12 December 2013

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

REDEFINE INTERNATIONAL COMPLETES ON WESTON FAVELL SHOPPING CENTRE TRANSACTION

Redefine International, a UK Real Estate Investment Trust ("REIT"), is pleased to confirm that, further to its announcement on 17 October 2013, it has completed on the acquisition of the Weston Favell Shopping Centre, Northampton for £84 million.

Weston Favell is an enclosed shopping centre situated on the edge of Northampton. The property comprises approximately 307,763 sqft of retail accommodation arranged over two floors with 1,150 free parking spaces. Anchored by one of the largest Tesco Extra supermarkets in the UK (156,987 sqft, with a 14.3 years unexpired lease term), the centre has a total of 56 retail units and seven kiosks let to a variety of national and local retailers producing a net rental income of £6.4 million p.a.

The key investment attractions include the centre's dominance in the wider catchment, the lack of supermarket competition in the north east of Northampton and the strength of the Tesco covenant which accounts for 53% of the net passing rent. The current void rate is 3.4% by ERV and 2.2% by area.

Commenting, Mike Watters, Chief Executive of Redefine International, said:

"Delivering a net initial yield (after acquisition costs) of 7.2%, this shopping centre provides strong income whilst presenting a number of asset management opportunities."

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.