GRT - Growthpoint Properties - Results of distribution re-investment alternative

GRT - Growthpoint Properties - Results of distribution re-investment alternative
Growthpoint Properties Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004988/06)                                            
Linked unit code: GRT     ISIN ZAE000037669                                     
("Growthpoint")                                                                 
RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE                               
Linked unitholders are referred to the announcements released on the Securities 
Exchange News Service ("SENS") on 25 August 2010 and 3 September 2010 relating  
to the declaration and finalisation of the final cash distribution of 62.1 cents
("Cash Distribution") per Growthpoint linked unit and distribution re-investment
alternative ("Linked Unit Alternative").                                        
Linked unitholders holding 614 375 188 Growthpoint linked units or 39.7% of     
Growthpoint linked units qualifying to receive the distribution elected to      
receive the Linked Unit Alternative, resulting in the issue of 23 995 468 new   
units, retaining approximately R381.5 million (based on the discounted issue    
price of R15.90 for new the linked units) in new equity for Growthpoint.        
Accordingly, a Cash Distribution of R578.5 million was paid in respect of 931   
586 156 Growthpoint linked units.  Distribution cheques are being posted to     
linked unit certificates in respect of the new linked units were posted to      
certificated linked unitholders at their risk and the Central Securities        
Depository Participants or broker custody accounts of dematerialised linked     
unitholders were credited today.                                                
20 September 2010                                                               
Financial adviser and sponsor to Growthpoint                                    
Investec Corporate Finance                                                      
Date: 20/09/2010 13:58:43 Supplied by www.sharenet.co.za                     
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