GROWTHPOINT PROPERTIES LIMITED - CAUTIONARY ANNOUNCEMENT

GROWTHPOINT PROPERTIES LIMITED - CAUTIONARY ANNOUNCEMENT                        
GROWTHPOINT PROPERTIES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number 1987 / 004988 / 06                                          
ISIN: ZAE 000037669                                                             
Share code:  GRT                                                                
"Growthpoint" or "the company"                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Linked unitholders of the company are advised that the company has entered into 
discussions, which, if successfully concluded, may have a material effect on the
price at which the company"s linked units trade on the JSE Securities Exchange  
South Africa. Accordingly, linked unitholders of the company are advised to     
exercise caution when dealing in the company"s linked units until a further     
announcement is made.                                                           
Johannesburg                                                                    
19 November 2004                                                                
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 19/11/2004 12:56:14 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department