REDEFINE PROPERTIES LIMITED - Dealings in securities by an associate of a director of the company

Dealings 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")


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


Shareholders are referred to the announcement released on SENS on 1 June 2017 wherein shareholders were
advised that Clearwater Capital (Holdings) (Pty) Ltd (“Clearwater”), an associate of a director of Redefine,
Harish Mehta, (by virtue of the fact that Manton No. 1 Proprietary Limited, which is wholly owned by The HKM
Family Trust (of which Harish Mehta is a trustee and beneficiary), is a shareholder of Clearwater and the fact that
Harish Mehta is the sole director of Clearwater Capital (Pty) Ltd (the sole shareholder of which is the HKM
Family Trust No 2, of which Harish Mehta is a trustee and beneficiary, and which is also a shareholder of
Clearwater), had entered into a zero-cost collar hedge (the "collar"), in respect of in aggregate 8 000 000 Redefine
shares, having a short put strike price of R10.0863, a long put strike price of R11.2070 and a call strike price of
R11.6755, which collar would settle on 25 May 2018 (the "settlement date"). As the price of Redefine shares at
the settlement date was higher than the long put strike price of R11.2070, and lower than the short call strike price
of R11.6755, the long put was settled off-market with no monies accruing to either party and no change in
Clearwater's shareholding in Redefine.

30 May 2018


Sponsor
Java Capital

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