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SENS announcement

Dealing in securities by an associate of a director of the company

Published: 21 Nov 2017
Dealing in securities by an associate of a director of the company
Dealing in securities by an associate of a director of the company

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
(Approved as a REIT by the JSE)
("Redefine" or the "company")


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 24 November 2016 wherein shareholders were
advised that Clearwater Property Holdings No 4 (Pty) Ltd ("Clearwater"), an associate of Harish Mehta (by virtue of
his indirect holding in Clearwater), a director of the company, had entered into a zero-cost collar hedge (the "collar"),
in respect of in aggregate 6 900 000 Redefine shares, having a short put strike price of R10.4418, a long put strike price
of R11.6020 and a call strike price of R12.4373, which collar would settle on 20 November 2017 (the "settlement
date"). As the price of Redefine shares at the settlement date was lower than the long put strike price of R11.6020, and
higher than the short put strike price of R10.4418, the long put was settled off-market by way of a cash payment to
Clearwater of R6 334 200, with no change in Clearwater´s shareholding in Redefine.

21 November 2017


Sponsor
Java Capital

Date: 21/11/2017 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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information disseminated through SENS.
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