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 interim results 
("Results Announcement") released on the Securities Exchange News Service on    
Wednesday, 22 February 2012 and in the press on Thursday, 23 February 2012, the 
ratio applicable to Growthpoint linked unitholders electing the distribution    
reinvestment alternative and recorded in the register on Friday, 16 March 2012, 
equates to 3.5685 Growthpoint linked units for every 100 Growthpoint linked     
units held ("Ratio").                                                           
The price of R19.00 on which the Ratio is based is a 4.4% discount to the       
5 day volume weighted average price (ex the distribution for the half year      
ended 31 December 2011 of 67.8 cents) as at the close of business on Thursday,  
1 March 2012.                                                                   
The price also equates to a cum price of R19.68 which is a discount of 4% to    
the 5 day volume weighted average price of R20.50 and a discount of 4.9% to the 
closing price of R20.70 on 1 March 2012.                                        
Included in the R19.00 is an antecedent divestiture of 29 cents per linked unit 
for the period 1 January 2012 to 19 March 2012 in respect of the 2012 final     
distribution period 1 January 2012 to 30 June 2012.                             
The salient dates, timetable and all other information relating to the cash     
distribution and distribution reinvestment alternative disclosed in the Results 
Announcement remain unchanged.                                                  
Sandton                                                                         
2 March 2012                                                                    
Sponsor and Investment Bank to Growthpoint                                      
Investec Corporate Finance                                                      
Date: 02/03/2012 12:14:02 Supplied by www.sharenet.co.za                     
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