Growthpoint - Cautionary announcement

Growthpoint - Cautionary announcement                                           
Growthpoint Properties Limited                                                  
  (Incorporated in the Republic of South Africa)                                
(Registration number 1987/004988/06)                                          
  Share code: GRT   ISIN: ZAE000012712                                          
  ("Growthpoint")                                                               
Cautionary announcement                                                         
Growthpoint linked unitholders are advised that negotiations are in progress    
which, if successful, could have an impact on the price at which Growthpoint`s  
linked units trade on the JSE Securities Exchange South Africa.                 
Growthpoint linked unitholders are accordingly advised to exercise caution when 
dealing in their linked units until a further announcement is made.             
Sandton                                                                         
3 February 2003                                                                 
Merchant bank                                                                   
Investec Corporate Finance                                                    
  Investec Bank Limited                                                         
  (Registration number 1969/004763/06)                                          
Sponsor                                                                         
Investec Securities Limited                                                   
  Member of the JSE                                                             
  (Registration number. 1972/008905/06)                                         
Date: 03/02/2003 12:31:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department