GROWTHPOINT PROPERTIES LIMITED - Growthpoint's exposure to African Bank Ltd

Growthpoint's exposure to African Bank Ltd

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN ZAE000179420
(“Growthpoint”)


UPDATE REGARDING GROWTHPOINT’S EXPOSURE TO AFRICAN BANK LIMITED


Further to the announcements released by African Bank Limited (“ABIL”) on the Stock Exchange News
Service on Wednesday, 6 August 2014 and Thursday, 7 August 2014 regarding ABIL’s trading update for the
quarter ended 30 June 2014 and a notice of application for business rescue of ABIL’s wholly-owned
subsidiary Ellerine Furnishers Proprietary Limited, Growthpoint wishes to confirm that its overall exposure
to the ABIL group is immaterial.

Growthpoint’s exposure to the ABIL group comprises approximately 0.70% of the total gross rental income
of Growthpoint’s South African property portfolio (excluding the V&A Waterfront), which exposure is
comprised as follows:

                                                                     Ellerine     African Bank   ABIL group
Office                                                                    0.01%          0.00%         0.01%
Retail                                                                    0.78%          0.13%         0.91%
Industrial                                                                1.96%          0.00%         1.96%
Total ABIL exposure (% of Growthpoint total gross rental income)          0.66%          0.04%         0.70%

The V&A Waterfront has no exposure to the ABIL group.


Sandton
11 August 2014



Sponsor to Growthpoint
Investec Bank Limited

Date: 11/08/2014 02:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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