Michael Farrow

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.

Redefine International Plc is a closed-ended hybrid property investment company. Its principal objective is to generate total returns for investors through net asset value growth, primarily through capital enhancement of the company's portfolio, and the payment of distributions. It intends to achieve this objective by investing in a growing portfolio of commercial real estate assets primarily in the UK and Europe, with a focus on retail and commercial assets as well as opportunistically investing in listed property securities in the UK, Europe and Australia. It is managed by Redefine International Fund Managers Ltd., which is a BVI regulated fund and investment manager. The company has changed its name from Ciref Plc to Redefine International Plc on July 1, 2010. The company was founded on September 28, 2005 and is headquartered in St. Helier, Jersey.