RDI.L Regulatory News (RDI)

01 July 2013

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

Investment Acquisition and Issue of Equity

Redefine International, the income focused property company, is pleased to announce that it has acquired the remaining minority interests in Newington House Limited, Ciref Malthurst Limited and Trito Kwik-Fit Limited (the "Entities") for an aggregate purchase price of £1,992,223 (the "Acquisition"). The Acquisition, which is in line with the Company's strategy of acquiring the underlying minority interests in its property portfolio, simplifies the ownership structure and enables the Company to benefit from 100% of the income and potential capital gains from these investment properties.

The purchase price has been settled by the issue of 5,108,290 new Redefine International ordinary shares of 8 pence each in the share capital of the Company (the "Consideration Shares") to the minority shareholders of the Entities at a price of 39 pence per Consideration Share. The Consideration Shares represent approximately 0.5 per cent. of the current issued share capital of the Company. Settlement of the purchase price through the issue of the Consideration Shares will enable the Company to retain its existing cash balances for potential future acquisitions.

Newington House Limited, a company that owns an office building in Southwark, London, was 76.7% owned by the Company, prior to the Acquisition. Ciref Malthurst Limited, the ultimate shareholder of a portfolio of 19 petrol stations, was 84.0% owned by the Company, prior to the Acquisition. Trito Kwik-Fit Limited, the ultimate shareholder of a portfolio of 27 Kwik-Fit outlets, was 84.2% owned by the Company, prior to the Acquisition. Following the Acquisition, the Company will own 100% of the Entities.

An application has been made for the Consideration Shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities and it is expected that such admission will occur on or around 4 July 2013 and these shares will rank pari passu in all respects with the Company's existing ordinary shares of 8 pence each ("Ordinary Shares") in issue.

Following the Acquisition, the total number of voting rights in the Company is 967,963,757 and no Ordinary Shares are held in treasury. The figure of 967,963,757 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Commenting on the transaction, Chairman Greg Clarke said:

"This acquisition is in line with the Company's stated strategy of simplifying the group ownership structure by acquiring minority shareholder interests in underlying investments over time".

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