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 Date: 07/09/2012 11:18:00 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.