Growthpoint Properties Limited - Results Of General Meeting

Growthpoint Properties Limited - Results Of General Meeting                     
GROWTHPOINT PROPERTIES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Share code: GRT   ISIN: ZAE000037669                                            
("Growthpoint")                                                                 
RESULTS OF GENERAL MEETING                                                      
1. Introduction                                                                 
A general meeting of Growthpoint linked unitholders was held on Monday, 10 April
2006 ("the Growthpoint general meeting") to consider and, if deemed fit, to pass
the ordinary resolution relating to the proposed acquisition ("the proposed     
acquisition") of a portfolio of properties from Tresso Trading 119 (Proprietary)
Limited ("portfolio of properties"); a special resolution to increase the       
authorised share capital of Growthpoint; an ordinary resolution to place the    
unissued authorised share capital under the control of the directors of         
Growthpoint and an ordinary resolution to authorise the issue of linked units   
for cash as and when suitable situations arise.                                 
Investec Bank Limited is authorised to announce that the following resolutions  
were duly passed at the Growthpoint general meeting by the requisite majority of
Growthpoint linked unitholders:                                                 
- the proposed acquisition of the portfolio of properties was passed by 89.74%  
of Growthpoint linked unitholders who voted on this resolution;                 
- the increase of the authorised share capital of Growthpoint was passed by 100%
of Growthpoint linked unitholders who voted on this resolution; and             
- placement of the unissued authorised share capital under the control of the   
directors of Growthpoint was passed by 71.61% of Growthpoint linked unitholders 
who voted on this resolution.                                                   
The ordinary resolution to authorise the issue of linked units for cash, which  
required at least 75% of the vote in favour of the resolution, was supported by 
71.68% of Growthpoint linked unitholders who voted on this resolution.          
Accordingly, this resolution was not passed. The special resolution will be     
lodged with the Registrar of Companies for registration.                        
2. Remaining condition precedent                                                
The proposed acquisition now remains subject only to approval by the Competition
Authorities. A further announcement will be made by Growthpoint once the        
remaining condition precedent has been fulfilled.                               
Sandton                                                                         
10 April 2006                                                                   
Investment bank and joint sponsor                                               
Investec Corporate Finance                                                   
   Investec Bank Limited                                                        
  (Registration number 1969/004763/06)                                          
Legal adviser to Growthpoint                                                    
Fluxmans Attorneys                                                           
   Website: www.fluxmans.com                                                    
   Fluxmans Inc. Registration No: 2000/024775/21                                
Independent expert to Growthpoint linked unitholders                            
Grant Thornton Kessel Feinstein                                              
   Corporate Finance (Pty) Ltd                                                  
  (Registration number 2000/002649/07)                                          
Lead sponsor                                                                    
Ernst & Young Sponsors (Pty) Ltd                                             
  (Registration number 2000/031843/07)                                          
Legal adviser to Tresso                                                         
   JOWELL GLYN & MARAIS                                                         
Independent reporting accountants                                               
   KPMG                                                                         
Growthpoint debenture trustee                                                   
   BELL DEWAR HALL                                                              
Independent valuers of the Tresso property portfolio                            
   MILLS FITCHET                                                                
   Gauteng/ Cape/ KwaZulu-Natal                                                 
and                                                                             
Glenross Property Consultants (Proprietary) Limited                          
and                                                                             
   CBRE                                                                         
   CB Richard Ellis                                                             
Date: 10/04/2006 04:39:21 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department