BCX /Growthpoint - Fulfilment of the last condition precedent

BCX /Growthpoint - Fulfilment of the last condition precedent                   
Business Connexion Group Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1988/005282/06)                                            
Share code: BCX & ISIN: ZAE000054631                                            
("BCX")                                                                         
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Share code: GRT & ISIN: ZAE000037669                                            
("Growthpoint")                                                                 
FULFILMENT OF THE LAST CONDITION PRECEDENT WITH RESPECT TO THE DISPOSAL OF A    
PORTFOLIO OF PROPERTIES TO GROWTHPOINT                                          
INTRODUCTION                                                                    
On 8 June 2006, Business Connexion (Proprietary) Limited, a subsidiary of BCX   
and Growthpoint announced that they had entered into agreements in terms of     
which BCX was to sell a portfolio of properties to Growthpoint ("the proposed   
disposal").                                                                     
The proposed disposal was subject to, inter-alia, approval by the Competition   
Authorities.                                                                    
FULFILMENT OF THE LAST CONDITION PRECEDENT                                      
Competition Tribunal approval for the proposed disposal has now been received.  
Accordingly all the conditions to which the transaction was subject to have been
fulfilled and the proposed disposal is now unconditional.                       
Sandton                                                                         
14 July 2006                                                                    
Investment Bank                                                                 
Investec Corporate Finance                                                      
Sponsor to BCX                                                                  
RMB                                                                             
Legal adviser to BCX                                                            
Brink Cohen Le Roux Inc                                                         
Sponsor to Growthpoint                                                          
Investec Securities                                                             
Legal adviser to Growthpoint                                                    
Jowel Glyn Marais Inc                                                           
Date: 14/07/2006 03:03:21 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department