Repayment of Capital Instrument

FOR IMMEDIATE RELEASE

13 September 2013

REDEFINE INTERNATIONAL P.L.C.

("Redefine International" or the "Company")

REPAYMENT OF CAPITAL INSTRUMENT

Redefine International is pleased to announce that its £13 million 6% convertible loan instrument issued to Aviva Commercial Finance Limited ("Aviva") in September 2010 (the "Capital Instrument"), is today being settled in full in accordance with its terms by the issue of 36,587,873 new ordinary shares of 8 pence each in the Company (the "Settlement Shares") to Aviva at an issue price of 41.925 pence per share.

An application has been made for the Settlement Shares, which will rank pari passu in all respects with the Company's existing ordinary shares of 8 pence each ("Ordinary Shares") in issue, 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 ("Admission"). It is expected that Admission will occur on 17 September 2013.

The Company has been notified that Aviva has exercised its put option in respect of these Settlement Shares to Redefine Properties Limited, effective on Admission. Following the put option becoming effective, Redefine Properties Limited will have a direct shareholding in the Company of 36,587,873 Ordinary Shares, representing 3.59% of the issued share capital of the Company on Admission. Redefine Properties Limited currently holds 47.83% of the issued share capital of Redefine Properties International Limited, which in turn holds 61.83% of the issued share capital in the Company.

Following Admission, the total number of voting rights in the Company will be 1,057,157,691. No Ordinary Shares are held in treasury. The figure of 1,057,157,691 Ordinary Shares may then 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 UK Financial Conduct Authority's Disclosure and Transparency Rules.

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