GRT - Growthpoint Properties Limited - Announcement of distribution reinvestment

GRT - Growthpoint Properties Limited - 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, 25 August 2010 and in the press on Thursday, 26 August 2010, the     
ratio applicable to linked unitholders electing the distribution reinvestment   
alternative and recorded in the register on Friday, 17 September 2010, equates  
to 3.90567 Growthpoint linked units for every 100 Growthpoint linked units held 
("the Ratio").                                                                  
The price of R15.90 on which the Ratio is based is a 2.03% discount to the 5 day
volume weighted average price (ex the distribution for the half year ended 30   
June 2010 of 62.1 cents) as at the close of business on Thursday, 2 September   
2010.  Included in the R15.90 is an antecedent divestiture of 27,7 cents per    
linked unit for the period 1 July 2010 to 22 September 2010 in respect of the   
2011 interim distribution period 1 July 2010 to 31 December 2010.               
The salient dates, timetable and all other information relating to the cash     
distribution and distribution reinvestment alternative disclosed in the Results 
Announcement remain unchanged.                                                  
3 September 2010                                                                
Sponsor and Investment Bank to Growthpoint                                      
Investec Corporate Finance                                                      
Date: 03/09/2010 11:42:00 Supplied by www.sharenet.co.za                     
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