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SENS announcement

Dealings in securities by directors and by the company secretary of Redefine

Published: 18 Dec 2017
Dealings in securities by directors and by the company secretary of Redefine
Dealings in securities by directors and by the company secretary of Redefine

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")


DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF REDEFINE


Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the deferred
awards of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme ("the STI
Scheme"), whereby a portion of the 2015 and 2016 short-term incentive payable under the STI Scheme was
settled by the grant of restricted shares under the Restricted Share Scheme ("the Restricted Share Scheme")
as disclosed in the announcement released on SENS on 17 November 2015 and 19 December 2017. The STI
Scheme purchased 541 849 shares on-market at a weighted average price of R10.0068 per share in order to
settle the following awards on 12 December 2017*:

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 279 373
Total value of transaction: R2 795 629.74
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 207 658
Total value of transaction: R2 077 992.07
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Leon Kok
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 159 451
Total value of transaction: R1 595 594.27
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
* Highest traded price per security: R10.15 and lowest traded price per security: R9.96.

Shareholders are hereby advised of the following dealings in securities following the vesting of the restricted
shares under the Restricted Share Scheme as disclosed above:

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 129 908
Weighted average price per security: R10.0068
Total value of transaction: R1 299 963.37
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 96 560
Weighted average price per security: R10.0068
Total value of transaction: R966 256. 61
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 74 144
Weighted average price per security: R10.0068
Total value of transaction: R741 944.18
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes
* Highest traded price per security: R10.15 and lowest traded price per security: R9.96.

Shareholders are further advised of the following dealings in relation to the vesting of the 2014 award of
restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme disclosed in
the announcement released on SENS on 28 November 2014. The Restricted Share Scheme purchased 513 503
shares on-market at a weighted average price of R10.0068 per share in order to settle the following awards on
12 December 2017*:

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 294 240
Total value of transaction: R2 944 400.83
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 219 263
Total value of transacti on: R2 194 120.99
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
* Highest traded price per security: R10.15 and lowest traded price per security: R9.96.

Shareholders are further advised of the following dealings in securities following the vesting of the 2014 award
of restricted shares under the Restricted Unit Scheme disclosed above:

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 136 821
Weighted average price per security: R10.0068
Total value of transaction: R1 369 140.38
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 101 957
Weighted average price per security: R10.0068
Total value of transaction: R1 020 263.31
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are further advised of the following dealings in securities in relation to the vesting of the fourth
tranche of the award of restricted shares under the Restricted Share Scheme disclosed in the announcement
released on SENS on 28 November 2014. The Restricted Share Scheme purchased 156 256 shares on-market at
a weighted average price of R10.0068 per share in order to settle the following awards on 12 December 2017*:

Name of director: Leon Kok
Transaction date: 12 December 2016
Class of securities: Ordinary shares
Number of securities: 156 256
Total value of transaction: R1 563 622.54
Nature of transaction: Off-market vesting of shares in terms of the Restricted Share
Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Vesting of restricted shares occurs automatically in terms of
the Restricted Share Scheme
* Highest traded price per security: R10.15 and lowest traded price per security: R9.96.
Shareholders are further advised of the following dealings in securities following the vesting of the fourth
tranche of the award of restricted shares under the Restricted Unit Scheme disclosed above:

Name of director: Leon Kok
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 72 659
Weighted average price per security: R10.0068
Total value of transaction: R727 084.08
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are further advised of the following information relating to the grant and acceptance of shares
offered under the Restricted Share Scheme in accordance with the following conditions:

- upon the acceptance of the award of restricted shares under the Restricted Share Scheme ("restricted
shares"), vesting will occur on 30 November 2020; and

- 75% of the award is subject to certain performance conditions relating to growth in distributions per share
in relation to peer companies, performance relative to approved budget and achievement of individual key
performance indicators.

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 547 450
Price per security: Rnil
Total value of transaction: R5 496 400.00, being the total deemed value calculated using
the volume weighted average price for the 5 days prior to the
transaction date, ex dividend, of R10.04 per share ("the 5 day
vwap") as at 30 November 2017
Nature of transaction: Off-market acceptance of the restricted shares offered in terms
of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 446 530
Price per security: Rnil
Total value of transaction: R4 483 164.00, being the total deemed value calculated using
the volume weighted average price for the 5 days prior to the
transaction date, ex dividend, of R10.04 per share ("the 5 day
vwap") as at 30 November 2017
Nature of transaction: Off-market acceptance of the restricted shares offered in terms
of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 306 780
Price per security: Rnil
Total value of transaction: R3 080 068.00, being the total deemed value calculated using
the volume weighted average price for the 5 days prior to the
transaction date, ex dividend, of R10.04 per share ("the 5 day
vwap") as at 30 November 2017
Nature of transaction: Off-market acceptance of the restricted shares offered in terms
of the Restricted Share Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities in relation to the matching of qualifying
shares held for 3 years under the Matching Scheme of the Redefine Executive Incentive Scheme ("the
Matching Scheme") at a maximum multiple of 3, disclosed in the announcement released on SENS on
4 December 2014.

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 294 971
Price per security: R10.0068
Total value of transaction: R2 951 715.80
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 250 101
Price per security: R10.0068
Total value of transaction: R2 502 710.69
Nature of transaction: On-market purchase in terms of the Matching Scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities following the matching of qualifying
shares under the Matching Scheme disclosed above:

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 137 161
Price per security: R10.0068
Total value of transaction: R1 372 542.69
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 116 296
Price per security: R10.0068
Total value of transaction: R1 163 750.81
Nature of transaction: On-market sale
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are also advised of the following dealings in securities in relation to the transfer of after tax vested
deferred shares under the Matching Scheme of the Redefine Executive Incentive Scheme ("the Matching
Scheme"):

Name of director: Marc Wainer
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 149 465
Price per security: R10.0068
Total value of transaction: R1 495 666.36
Nature of transaction: Off-market transfer of shares into the matching scheme.
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Andrew König
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 111 098
Price per security: R10.006846
Total value of transaction: R1 111 735.47
Nature of transaction: Off-market transfer of shares into the matching scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Leon Kok
Transaction date: 12 December 2017
Class of securities: Ordinary shares
Number of securities: 85 307
Price per security: R10.0068
Total value of transaction: R853 650.09
Nature of transaction: Off-market transfer of shares into the matching scheme
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Shareholders are advised of the following awards under the Staff Incentive Scheme´s Nil-Cost Option Plan:

Name of company secretary: Bronwyn Baker
Vesting date: December 2019
Class of securities: Ordinary shares
Number of securities: 24 429
Price per security: R10.33
Total value of transaction: R252 351.57
Nature of transaction: Award of shares under the Staff Incentive Scheme´s Nil-Cost
Option Plan
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

Name of company secretary: Bronwyn Baker
Vesting date: December 2020
Class of securities: Ordinary shares
Number of securities: 35 104
Price per security: R10.04
Total value of transaction: R352 444.16
Nature of transaction: Award of shares under the Staff Incentive Scheme´s Nil-Cost
Option Plan
Nature and extent of director´s interest: Direct beneficial
Clearance to deal received: Yes

18 December 2017


Sponsor
Java Capital

Date: 18/12/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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