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

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 22 February 2012 and 2 March       
2012 relating to the declaration and finalisation of the final cash             
distribution of 67.8 cents ("Cash Distribution") per Growthpoint linked unit    
and distribution re-investment alternative ("Linked Unit Alternative").         
Linked unitholders holding 1 168 963 857 Growthpoint linked units or 68.7% of   
Growthpoint linked units qualifying to receive the distribution elected to      
receive the Linked Unit Alternative, resulting in the issue of 41 714 477 new   
units, retaining R792.6 million (based on the discounted issue price of         
R19.00 for the new linked units) in new equity for Growthpoint.  Accordingly,   
a Cash Distribution of R361,0 million is payable today in respect of 532 402    
584 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.                                                    
19 March 2012                                                                   
Financial adviser and sponsor to Growthpoint                                    
Investec Corporate Finance                                                      
Date: 19/03/2012 11:40:01 Supplied by www.sharenet.co.za                     
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