Growthpoint - Director dealings in shares

Growthpoint - Director dealings in shares                                       
GROWTHPOINT PROPERTIES LIMITED                                                  
   (Incorporated in the Republic of South Africa)                               
(Registration number 1987/004988/06)                                         
   Share code: GRT   ISIN: ZAE000037669                                         
   ("Growthpoint")                                                              
In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director                                      :  Derek Greenberg                
Date of Transaction                           :  3 September 2003               
Price per share purchased                     :  R5.41                          
Number of shares                              :  272.000                        
Class of Security                             :  Ordinary linked units          
Nature of Transaction                         :  Purchased                      
Total value of shares acquired                :  R1,471,520                     
Nature of Transaction                         :  Shares acquired in             
                                                 terms of Growthpoint issue of  
                                                 shares for cash                
Nature and extent of director"s interest      :  100% indirect beneficial       
Growthpoint Linked Units owned after Primegrow Properties liquidation           
distribution and issue of shares for cash                                       
Date: 05/09/2003 02:16:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department