Dealings in securities by directors and by prescribed officers 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 DIRECTORS AND BY PRESCRIBED OFFICERS OF THE COMPANY Shareholders are hereby advised of the following dealings in securities in relation to the vesting of the deferred award of shares, made pursuant to the provisions of the Redefine Short-Term Incentive Scheme (“the STI Scheme”), whereby a portion of the 2016 and 2018 short-term incentives payable under the STI Scheme were settled by the grant of restricted shares under the Restricted Share Scheme as disclosed in the announcements released on SENS on 19 December 2016 and 12 December 2018. The STI Scheme purchased 842 457 shares on-market at a weighted average price of R7.8053 per share for a total value of R6 575 629.62 in order to settle the following awards on 10 December 2019*: Name of director: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 265 602 Total value of transaction: R2 073 103 .29 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 209 235 Total value of transaction: R1 633 141.95 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 prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 234 148 Total value of transaction: R1 827 595.38 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 133 473 Total value of transaction: R1 041 796.81 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme * Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. 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: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 123 504 Weighted average price per security:* R7.8053 Total value of transaction: R963 985.77 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 97 293 Weighted average price per security:* R7.8053 Total value of transaction: R759 401.05 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 234 148 Weighted average price per security:* R7.8053 Total value of transaction: R1 827 595.38 Nature of transaction: On-market sale Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 62 064 Weighted average price per security:* R7.8053 Total value of transaction: R484 428.14 Nature of transaction: On-market sale Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes * Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. Shareholders are further advised of the following dealings in relation to the vesting of the 2016 award of restricted shares under the Restricted Share Scheme of the Redefine Executive Incentive Scheme disclosed in the announcement released on SENS on 19 December 2016. The Restricted Share Scheme purchased 1 026 475 shares on-market at a weighted average price of R7.8053 per share for a total value of R8 011 945.32 in order to settle the following awards on 10 December 2019*: Name of director: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 359 525 Total value of transaction: R2 806 200.48 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 246 065 Total value of transaction: R1 920 611.14 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 prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 260 885 Total value of transaction: R2 036 285.69 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 160 000 Total value of transaction: R1 248 848.00 Nature of transaction: Off-market vesting of shares in terms of the Restricted Share Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Vesting of restricted shares occurs automatically in terms of the Restricted Share Scheme * Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. Shareholders are further advised of the following dealings in securities following the vesting of the 2016 award of restricted shares under the Restricted Share Scheme disclosed above: Name of director: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 167 179 Weighted average price per security:* R7.8053 Total value of transaction: R1 304 882.25 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 114 420 Weighted average price per security:* R 7.8053 Total value of transaction: R893 082.43 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 260 885 Weighted average price per security:* R7.8053 Total value of transaction: R2 036 285.69 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 74 400 Weighted average price per security:* R7.8053 Total value of transaction: R580 714.32 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 on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. 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, vesting will occur on 30 November 2022; and - 100% of the award is subject to performance conditions relating to absolute total return, relative total return measured against the variable pay comparator group, ESG goals and delivery on individual KPIs linked to long-term stakeholder goals. Name of director: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 333 975 Price per security: Rnil Total value of transaction: R2 721 896.25, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R8.15 per share (“the 5 day vwap”) as at 30 November 2019 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 288 750 Price per security: Rnil Total value of transaction: R2 353 312.50, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R8.15 per share (“the 5 day vwap”) as at 30 November 2019 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 prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 162 211 Price per security: Rnil Total value of transaction: R1 322 019.65, being the total deemed value calculated using the volume weighted average price for the 5 days prior to the award date, ex dividend, of R8.15 per share (“the 5 day vwap”) as at 30 November 2019 Nature of transaction: Off-market acceptance of the restricted shares offered in terms of the Restricted Share Scheme Nature and extent of prescribed officer’s Direct beneficial interest: 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 11 December 2016. Name of director: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 411 595 Weighted average price per security:* R7.8053 Total value of transaction: R3 212 622.45 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: Leon Kok Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 291 259 Weighted average price per security:* R 7.8053 Total value of transaction: R2 273 363.87 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 prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 358 242 Weighted average price per security:* R7.8053 Total value of transaction: R2 796 186.28 Nature of transaction: On-market purchase in terms of the Matching Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 31 701 Weighted average price per security:* R7.8053 Total value of transaction: R247 435.82 Nature of transaction: On-market purchase in terms of the Matching Scheme Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes * Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. 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: Andrew König Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 191 391 Weighted average price per security:* R7.8053 Total value of transaction: R1 493 864.17 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: 10 December 2019 Class of securities: Ordinary shares Number of securities: 135 435 Weighted average price per security:* R7.8053 Total value of transaction: R1 057 110.81 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of prescribed officer: David Rice Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 358 242 Weighted average price per security:* R7.8053 Total value of transaction: R2 796 186.28 Nature of transaction: On-market sale Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes Name of prescribed officer: Mike Ruttell Transaction date: 10 December 2019 Class of securities: Ordinary shares Number of securities: 14 740 Weighted average price per security:* R7.8053 Total value of transaction: R115 050.12 Nature of transaction: On-market sale Nature and extent of prescribed officer’s Direct beneficial interest: Clearance to deal received: Yes * Highest traded price per security on the market on the day: R7.96 and lowest traded price per security on the market on the day: R7.79. 17 December 2019 Sponsor Java Capital Date: 18-12-2019 07:05:00 Produced by the JSE SENS Department. 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