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NEWS

ACQUISITION OF AN INTEREST IN ECHO PRIME PROPERTIES B.V.

8th April 2016
Contributor: THE PIVOTAL FUND LIMITED

Pivotal shareholders are referred to the announcement released by Redefine Properties Limited ("Redefine") on 1 March 2016 (the "Redefine announcement"), advising of the conclusion by Redefine of an agreement in terms of which it will acquire 75% (plus one share) of the issued share capital of Echo Prime Properties B.V. ("EPP"), with the intention of reducing its shareholding to approximately 50% through the immediate on-sale of approximately 25% of EPP’s shares to a consortium of selected co-investors (the "Redefine transaction"). EPP indirectly owns a portfolio of prime real estate assets throughout Poland (the "property portfolio").

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