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GRT - Growthpoint Properties Limited - Acquisition of a 50% Interest in The V&A

Release Date: 09/06/2011 11:39
Code(s): GRT
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GRT - Growthpoint Properties Limited - Acquisition of a 50% Interest in The V&A Waterfront, Cape Town Growthpoint Properties Limited (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT ISIN ZAE000037669 ("Growthpoint") ACQUISITION OF A 50% INTEREST IN THE V&A WATERFRONT, CAPE TOWN Growthpoint linked unit holders are referred to the announcement released on the Securities Exchange News Service of the JSE Limited on 14 February 2011 in which it was announced that Growthpoint, together with the Public Investment Corporation Limited ("PIC") representing the Government Employees Pension Fund, (collectively the "Purchasers") had entered into an agreement to, inter alia, acquire, in equal proportions, 100% of the ordinary shares in Lexshell 44 General Trading (Proprietary) Limited ("Lexshell"), which company is the owner of the V&A Waterfront (the "Transaction"). Following the fulfilment and/or waiver of all conditions precedent to the Transaction, including, approval by the Competition Authorities, Growthpoint is pleased to announce that the Transaction closed on 7 June 2011. The purchase consideration has been settled and ownership of the issued shares in Lexshell has transferred to the Purchasers. Sandton 9 June 2011 Investment bank to the Purchasers Sponsor to Growthpoint Investec Corporate Finance Investec Bank Limited Attorneys to Growthpoint Attorneys to PIC Glyn Marais DLA Cliffe Dekker Hofmeyr
Debt Capital Markets Advisor Debt Providers and Underwriters ABSA Capital Rand Merchant Bank and Standard Bank Date: 09/06/2011 11:39:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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