Posting of dividend election circular to Redefine shareholders 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share code: RDF ISIN: ZAE000190252 (Approved as a REIT by the JSE) ("Redefine" or the "company") THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT (AS DEFINED BELOW)). THE DISTRIBUTION OF THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES, SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION. POSTING OF DIVIDEND ELECTION CIRCULAR TO REDEFINE SHAREHOLDERS Shareholders are referred to the announcement accompanying Redefine's results for the six months ended 28 February 2018, released on SENS on 7 May 2018. In such announcement, shareholders were advised that the board of directors of Redefine had declared a cash dividend of 47.30 cents per Redefine ordinary share of no par value for the six months ended 28 February 2018 and that shareholders had been provided with the election to reinvest the cash dividend in return for Redefine shares (the "share reinvestment alternative"). The circular relating to the share reinvestment alternative has been sent to Redefine shareholders who are residents of South Africa. Copies of the circular may be obtained from the registered offices of Redefine, Rosebank Towers, 19 Biermann Avenue, Rosebank, Johannesburg, 2196 during normal business hours. The circular will also be available in electronic format on the company's website at www.redefine.co.za. Disclaimer This announcement does not constitute or form part of an offer to sell securities, or the solicitation of any offer to buy or subscribe for any securities, to or from any person in the United States (or to, or for the account or benefit of, any such person or any U.S. person, as defined in Regulation S under the U.S. Securities Act (as defined below)) or in any other jurisdiction in which, or to or from any other person to or from whom, such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offer of the securities in the United States. 8 May 2018 Corporate advisor and sponsor Java Capital Date: 08/05/2018 04:45:00 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.