REDEFINE PROPERTIES LIMITED - Disposal of undeveloped bulk and excess parking and update to interim results

Disposal of undeveloped bulk and excess parking and update to interim results

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")


DISPOSAL OF UNDEVELOPED BULK AND EXCESS PARKING AND UPDATE TO INTERIM RESULTS


Shareholders are advised that Horse Group S.a r.l., a Redefine joint venture, has entered into
preliminary agreements with Murapol S.A. and its subsidiaries ("Murapol") to dispose of the
undeveloped bulk and excess parking adjoining its M1 properties located in Czestochowa, Kielce,
Poznan and Tychy, Poland.

The preliminary agreements are subject to Murapol obtaining zoning approval and the necessary
building permits for a residential development project. The disposal consideration will be
approximately R498.2 million, which may be increased if a development with a larger residential
usable area is approved.

The disposal is not categorisable in terms of the JSE Listings Requirements and the disclosures
provided in this announcement are voluntary and for information purposes only.

Shareholders are referred to Redefine's condensed unaudited group results for the six months
ended 29 February 2024 ("interim results").

Shareholders are advised that additional information has been published to provide further clarity in
respect of Redefine's investments in joint ventures. The additional information is available on the
company's website at: https://redefinedataplatform.blob.core.windows.net/corporate-website-live-
docs/Media-1715175108-jv-financial-information---29-february-2024---website---final.xlsx.

The additional information has no impact on Redefine's interim results and is provided for
information purposes only.

10 May 2024


Sponsor
Java Capital

Date: 10-05-2024 04:50:00
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