Growthpoint - Disclosure by a director of a change in interest in securities of

Growthpoint -  Disclosure by a director of a change in interest in securities of
               a company                                                        
GROWTHPOINT PROPERTIES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1987/004988/06)                                            
Share code: GRT & ISIN: ZAE000037669                                            
DISCLOSURE BY A DIRECTOR OF A CHANGE IN INTEREST IN SECURITIES OF A COMPANY     
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
CHANGE IN INTEREST IN LINKED UNITS                                              
1 NAME OF COMPANY                            GROWTHPOINT PROPERTIES LIMITED     
Registration Number1987/004988/06  

2 NAME AND                                   Sam Hackner                        
  OFFICE HELD                                Non-Executive                      
3 DATE OF TRANSACTION                        21 August 2006                     
4 ISSUE PRICE PER SHARE / UNIT               1070cpu                            
5 No OF SHARES / LINKED UNITS ALLOTTED       184 211                            
6 TOTAL CONSIDERATION OF SHARES / UNITS                                         
  ACQUIRED                                   R1 971 057.70                      
7 CLASS OF SHARE/ UNIT                       Ordinary Linked unit               
8 NATURE OF TRANSACTION                      Exchange of Metboard Properties Ltd
                                             ("MPL") linked units in the ratio  
                                             of 1 new GRT linked unit for every 
1.9 MPL linked units held.         

9 NATURE AND EXTENT OF DIRECTOR"S                                               
  INTEREST IN TRANSACTION                    Indirect Beneficial                
Clearance in terms of Rule 3.66 was not required since this transaction was     
implemented by order of the High Court in terms of a Scheme of Arrangement      
between Metboard Properties Limited linked unitholders in terms of Section 311  
of the Companies Act 1973, as amended.                                          
SANDTON                                                                         
24 August 2006                                                                  
Sponsor: Investec Bank Limited                                                  
Date: 24/08/2006 02:35:18 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department