Growthpoint Properties Limited - Changes To The Board Of Directors Of

Growthpoint Properties Limited - Changes To The Board Of Directors Of           
Growthpoint Properties Limited And Appointment Of C.E.O.                        
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Share code:  GRT   ISIN: ZAE000037669                                           
CHANGES TO THE BOARD OF DIRECTORS OF GROWTHPOINT PROPERTIES LIMITED AND         
APPOINTMENT OF C.E.O.                                                           
In accordance with Section 3.59 of the JSE Securities Exchange South Africa     
Listings Requirements, notification is hereby given that Messrs M Ettin, D      
Greenberg and R J Harman have resigned from the Growthpoint board with effect   
from 25 August 2004 in order to pursue their own business interests.  The board 
thanks these directors for the contribution made by them to the success of the  
company and wishes them well in their future endeavours.                        
Mr Leon Norbert Sasse has been appointed Chief Executive Officer with immediate 
effect.                                                                         
Johannesburg                                                                    
25 August 2004                                                                  
Date: 24/08/2004 03:15:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department