GRT - Growthpoint Properties Limited - change in major linked unitholder

GRT - Growthpoint Properties Limited - change in major linked unitholder        
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number 1987/004988/06                                              
JSE share code: GRT & ISIN: ZAE000037669                                        
("Growthpoint" or "the Company")                                                
CHANGE IN LINKED UNITHOLDING                                                    
Growthpoint linked unitholders are referred to the announcement of Investec     
Limited and Investec plc (together "Investec") released on SENS on 6 November   
2007, in which it was announced that Investec had facilitated the disposal of   
200 million Growthpoint linked units to the Public Investment Corporation       
Limited, on behalf of the Government Employees Pension Fund ("PIC") for a       
consideration of 1700 cents per linked unit. As a result of this transaction    
the PIC will increase their linked unitholding in Growthpoint by 17.06% before  
the claw-back offer as explained below and 15.72% of Growthpoint after the      
claw-back offer.                                                                
Growthpoint linked unitholders are also referred to the Growthpoint             
announcement released on SENS on Friday 2 November 2007 confirming that the     
claw-back offer of 100,000,000 (one hundred million) new linked units ("claw-   
back units"), at an issue price of 1650 cents per linked unit ("the issue       
price") had been registered by the Registrar of Companies and would be          
implemented in accordance with the timetable as set out in this announcement.   
The claw-back offer has effectively been underwritten by the PIC and depending  
on the extent to which Growthpoint linked unitholders follow their rights to    
take up their entitlement to the claw-back units at the issue price, the PIC    
could increase their linked unitholding in Growthpoint by up to a further       
7.86%.                                                                          
Sandton                                                                         
6 November 2007                                                                 
Sponsor                                                                         
Investec Bank Limited                                                           
(Registration number 1969/004763/06)                                            
Date: 06/11/2007 16:30:01 Supplied by www.sharenet.co.za                     
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