GRT - Growthpoint Properties Limited - Director`s dealing in securities

GRT - Growthpoint Properties Limited - Director`s dealing in securities         
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Share code: GRT     ISIN: ZAE000037669                                          
DIRECTOR`S DEALING IN SECURITIES                                                
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Company Secretary:                 S M Snowball                                 
Date of transaction:               6 October 2008                               
Number of linked units:            60 000                                       
Value of linked unit:              R13.40                                       
Total value of transaction                                                      
based on current price:            R804 000                                     
Class of linked units:             Ordinary                                     
Nature of transaction:             Acquisition of linked units pursuant to the  
                                  exercise on 6 October 2008 of 60 000 nil cost 
                                  options awarded on 20 November 2007 in terms  
                                  of the Growthpoint Staff Incentive Scheme.    
Nature of interest:                Direct, Beneficial                           
Clearance:                         Clearance in terms of par. 3.66 of the JSE   
                                  Listings  Requirements was obtained.          
Date: 7 October 2008                                                            
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 07/10/2008 12:58:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.