GROWTHPOINT PROPERTIES LIMITED - Distribution reinvestment price and confirmation of finalisation information

Distribution reinvestment price 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 PRICE AND CONFIRMATION OF
FINALISATION INFORMATION


Finalisation information
Further to the announcement of the declaration of the cash distribution and distribution reinvestment
alternative included in Growthpoint’s final results (“Results Announcement”) released on the Securities
Exchange News Service (“SENS”) on Wednesday, 29 August 2012 and in the press on Thursday, 30 August
2012, the price applicable to Growthpoint linked unitholders electing the distribution reinvestment
alternative and recorded in the register on Friday, 21 September 2012 (i.e. the ‘Record Date’), is equal to
R25.00 (“Reinvestment Price”).
The Reinvestment Price is based on a 4.9% discount to the 5-day volume weighted average price (ex the
distribution for the half year ended 30 June 2012 of 71.20 cents), as at the close of business on Thursday, 6
September 2012.
The price also equates to a cum price of R25.67, which is a discount of 5% to the 5-day volume weighted
average price of R26.95 and a discount of 2.5% to the closing price of R26.32 on 6 September 2012.
Included in the R25.00 is an antecedent divestiture of 33 cents per linked unit for the period 1 July 2012 to
25 September 2012 in respect of the 2013 interim distribution period 1 July 2012 to 30 December 2012.


Dividend Withholding Tax (“Dividend Tax”)
The gross distribution of 71.20 cents per linked unit comprises an interest portion of 71.12887 cents and a
dividend portion of 0.07113 cents per linked unit. The dividend portion is subject to Dividend Tax of 15
percent in accordance with South African Income Tax legislation, subject to any available exemptions as
applicable.
For entities subject to Dividend Tax, the net distribution will be 71.18933 cents per linked unit (comprising
interest of 71.12887 and a net dividend of 0.06046). Unitholders exempt from paying Dividend Tax will
receive a distribution of 71.20 cents per linked unit (comprising interest of 71.12887 cents and a dividend
of 0.07113 cents).
The impact of Dividend Tax on linked unitholders has been illustrated by way of the example below:

                                                        Entities exempt from       Dividend Tax applicable
                                                                 Dividend Tax             at a rate of 15%

 Debenture element per linked unit (cents)                           71.12887                     71.12887
 Equity element per linked unit (cents)                               0.07113                      0.06046
 Total forecast distribution per linked unit
                                                                    71.20000                     71.18933
 (cents)
 Issue Price (R)                                                        25.00                        25.00
 New linked units issued per 100 units                               2.84800                      2.84757


Due to the fact that the cash distribution or distribution reinvestment alternative may have tax
implications for resident as well as non-resident linked unitholders, linked unitholders are encouraged to
consult their professional advisors should they be in any doubt as to the appropriate action to take.
Other information:
   -   The ordinary issued share capital of Growthpoint is 1 743 080 918 ordinary shares of 5 cents each
       before any election to reinvest the cash distribution.
   -   Income Tax Reference Number of Growthpoint: 9375/077/71/7P.
   -   There are no secondary tax on company (“STC”) credits available to be utilised against the Dividend
       Tax.


Trading of Growthpoint linked units
As published in the Results Announcement, linked unitholders electing the linked unit alternative are once
again alerted to the fact that although the new linked units will be listed on LDT + 1, being Monday 17
September 2012, these new linked units can only be traded on LDT + 2 being Tuesday 18 September, due
to the fact that settlement of the linked units will be two days after record date, being Wednesday 26
September 2012, which differs from the conventional one day after record date settlement process.
Linked unitholders are reminded that the last day to elect to receive distribution reinvestment alternative
is 12:00 (South African time) on Friday, 21 September.


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
7 September 2012




 Sponsor and Investment Bank to Growthpoint
 Investec Corporate Finance

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