Redefine Properties Limited reported unaudited consolidated earnings results for the six months ended February 28, 2013. For the period, the company reported total revenue of ZAR 1,850,830,000 against ZAR 1,595,740,000 a year ago. Net operating income was ZAR 1,321, 714,000 against ZAR 1,074,662,000 a year ago. Profit before taxation was ZAR 293,857,000 against ZAR 168,169,000 a year ago. Profit for the period from continuing operations was ZAR 219,632,000 against loss for the period from continuing operations of ZAR 161,878,000 a year ago. Profit for the period was ZAR 1,159,300,000 against ZAR 1,057,699,000 a year ago. Net cash inflow from operating activities from continuing operations were ZAR 97,109,000 against net cash outflow from operating activities from continuing operations of ZAR 143,922,000 a year ago. Profit for the period attributable to company shareholders was ZAR 1,159,463,000 against loss for the period attributable to company shareholders of ZAR 511,306,000 a year ago. Headline profit attributable to the company shareholders was ZAR 104,071,000 against ZAR 215,619,000 a year ago. Headline earnings attributable to the company linked unit holders was ZAR 1,034,358,000 against ZAR 1,061,172,000 a year ago. Earnings and diluted earnings per linked units were 75.70 cents against 12.45 a year ago. Earnings from continuing operations per linked units were 41.66 cents against 25.57 cents a year ago. Headline earnings and diluted headline earnings per linked units were 37.47 cents against 39.53 cents a year ago. The company has declared an interim distribution of 33.7 cents per linked unit for the six months ended February 28, 2013, is 7% ahead of the prior period and is at the upper end of market guidance.

Redefine Properties Limited announced that non-executive director, Mike Flax, has resigned from the board of directors of the company, with effect from January 31, 2013. Flax plans to focus on his personal property interests. Accordingly, the ordinary resolution set out in the notice of annual general meeting of shareholders and debenture holders (which annual general meeting will be held on 31 January 2013) regarding the re-election of Flax as a director will be withdrawn at that annual general meeting.

Redefine Properties Limited, Annual General Meeting, Jan 31, 2013., at 10:00 South Africa Standard Time. Location: Rdfn Pae. Agenda: To consider the re-election of Mike Flax as director.