Moody’s Investors Service affirms issuer ratings of Redefine REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/018591/06) JSE share code: RDF ISIN: ZAE000190252 Debt company code: BIRDF (Approved as a REIT by the JSE) (“Redefine” or “the Company”) MOODY’S INVESTORS SERVICE AFFIRMS ISSUER RATINGS OF REDEFINE Shareholders are advised that Moody’s Investors Service (“Moody’s”) has today affirmed Redefine’s long-term issuer ratings of Baa3, while changing the outlook from stable to negative. The change of outlook from stable to negative is as a direct consequence of Moody's changing the Government of South Africa’s ratings from stable to negative. Moody’s press release is publicly available on Moody’s website at: https://www.moodys.com/research/Moodys-takes-action-on-five-South-African-corporates-following-sovereign--PR_412785 8 November 2019 Sponsor Java Capital Date: 08/11/2019 04:05:00 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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