GRT - Growthpoint - Announcement Of Distribution Reinvestment Ratio And

GRT - Growthpoint - Announcement Of Distribution Reinvestment Ratio And         
Confirmation Of Finalisation Information                                        
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Linked unit code: GRT     ISIN ZAE000037669                                     
("Growthpoint")                                                                 
ANNOUNCEMENT OF DISTRIBUTION REINVESTMENT RATIO AND CONFIRMATION OF             
FINALISATION INFORMATION                                                        
Further to the announcement of the declaration of the cash distribution and     
distribution reinvestment alternative included in Growthpoint`s annual results  
("Results Announcement") released on the Securities Exchange News Service on    
Wednesday, 26 August 2009 and in the newspapers on Thursday, 27 August 2009, the
ratio applicable to linked unitholders electing the distribution reinvestment   
alternative and recorded in the register on Friday, 18 September 2009, equates  
to 4.51938 Growthpoint linked units for every 100 Growthpoint linked units held 
("the Ratio").                                                                  
The price of R12.90 on which the Ratio is based is a 2.7% discount to the 5 day 
volume weighted average price (ex the distribution for the half year ended 30   
June 2009 of 58.3 cents) as at the close of business on Thursday, 3 September   
2009.  Included in the R12.90 is an antecedent divestiture of 26.7 cents per    
linked unit for the period 1 July 2009 to 21 September 2009 in respect of the   
2010 interim distribution period 1 July 2009 to 31 December 2009.               
The salient dates, timetable and all other information relating to the cash     
distribution and distribution reinvestment alternative disclosed in the Results 
Announcement remain unchanged.                                                  
4 September 2009                                                                
Sponsor to Growthpoint                                                          
Investec Corporate Finance                                                      
Date: 04/09/2009 09:45:02 Supplied by www.sharenet.co.za                     
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