GROWTHPOINT PROPERTIES LIMITED - Cash Offer for Globalworth Real Estate Investments Limited (GWI) and Cautionary Announcement - GRTI

Cash Offer for Globalworth Real Estate Investments Limited (GWI) and Cautionary Announcement - GRTI

GROWTHPOINT PROPERTIES LIMITED
(Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06)
(Bond issuer code: GRTI)
(“Growthpoint” or the “company”)


CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED (GWI) AND CAUTIONARY
ANNOUNCEMENT

GWI is a listed real estate company active in Central and Eastern Europe (CEE) and quoted on the AIM -segment
of the London Stock Exchange (LSE). Growthpoint holds 65 238 742 shares representing a 29.5% interest in
GWI.

Earlier today, Aroundtown SA (the 'Company' or 'AT'), together with CPI Property Group SA ('CPIPG') (together
the ‘Consortium’), announced the terms of a cash offer for Globalworth Real Estate Investments Limited
("Globalworth"). The Consortium, which holds over 50% of the issued share capital of Globalworth, is seeking to
further increase its joint ownership through an offer to Globalworth shareholders to acquire their shares at a price
of €7.0 in cash for each tendered Globalworth share that the Consortium does not already own.

Should Growthpoint decide to accept the offer, based on the price offered and the exchange rate (rand versus
euro), the deal value will amount to circa R7.9bn equivalent to 17.64% of Growthpoint’s current market
capitalisation.

Shareholders are therefore advised to exercise caution when dealing in Growthpoint securities until a further
announcement is made.

More information is available on the Globalworth website at www.globalworth.com and

https://www.investegate.co.uk/globalworth-real-est--gwi-/rns/statement-re-offer/202104140850014259V/

https://www.investegate.co.uk/cpi-property-group--o5g-/rns/cash-offer-for-globalworth-real-estate-
investments/202104140700093794V/

Sandton

14 April 2021

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 14-04-2021 02:32:00
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