GRT - Growthpoint Properties Limited - Results of distribution re-

GRT - Growthpoint Properties Limited - 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 23 February 2011 and 4 March       
2011 relating to the declaration and finalisation of the final cash             
distribution of 63.9 cents ("Cash Distribution") per Growthpoint linked         
unit and distribution re-investment alternative ("Linked Unit                   
Alternative").                                                                  
Linked unitholders holding 518,559,123 Growthpoint linked units or 33% of       
Growthpoint linked units qualifying to receive the distribution elected to      
receive the Linked Unit Alternative, resulting in the issue of 20,454,048       
new units, retaining R331.4 million (based on the discounted issue price of     
R16.20 for new the linked units) in new equity for Growthpoint.                 
Accordingly, a Cash Distribution of R671.9 million is payable today in          
respect of 1,051,503,487 Growthpoint linked units.  Distribution cheques in     
respect of certificated unitholders who elected to receive the Cash             
Distribution and unit certificates in respect of certificated unitholders       
who elected the Linked Unit Alternative were posted today to certificated       
linked unitholders at their risk. The Central Securities Depository             
Participants or broker custody accounts of dematerialised linked                
unitholders were credited today with their new linked units.                    
22 March 2011                                                                   
Financial adviser and sponsor to Growthpoint                                    
Investec Corporate Finance                                                      
Date: 22/03/2011 11:40:01 Supplied by www.sharenet.co.za                     
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