GROWTHPOINT PROPERTIES LIMITED - Announcement of Distribution Reinvestment Price and Confirmation of Finalisation Information

Announcement of 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


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 (“SENS”) on Wednesday, 27 February 2013 and in the press on Thursday, 28
February 2013, the price applicable to Growthpoint linked unitholders electing the distribution
reinvestment alternative and recorded in the register on Friday, 22 March 2013 (i.e. the ‘Record Date’), is
R25.25 (“Reinvestment Price”).

The Reinvestment Price is based on a 4.4% discount to the 5-day volume weighted average price (ex the
distribution for the half year ended 31 December 2012 of 72.70 cents), as at the close of business on
Wednesday, 6 March 2013.

The Reinvestment Price equates to a cum price of R25.93, which is a discount of 4.3% to the 5-day volume
weighted average cum price of R27.09 and a discount of 6.7% to the closing price of R27.80 on 6 March
2013.

Included in the R25.25 is an antecedent divestiture of 34.3 cents per linked unit for the period 1 January
2013 to 25 March 2013 in respect of the 2013 final distribution period 1 January 2013 to 30 June 2013.


Dividend Withholding Tax (“Dividend Tax”)

The gross distribution of 72.70 cents per linked unit comprises an interest portion of 72.62737 cents and a
dividend portion of 0.07263 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 72.68911 cents per linked unit (comprising
interest of 72.62737 and a net dividend of 0.06174). Unitholders exempt from paying Dividend Tax will
receive a distribution of 72.70 cents per linked unit (comprising interest of 72.62737 cents and a dividend
of 0.07263 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)                           72.62737                     72.62737
 Equity element per linked unit (cents)                               0.07263                      0.06174
 Total forecast distribution per linked unit
                                                                    72.70000                     72.68911
 (cents)
 Reinvestment Price (R)                                                 25.25                        25.25
 New linked units issued per 100 units                               2.87921                      2.87878


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 1 767 603 559 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 the new linked units will be listed on LDT + 2 and that these new linked units
can only be traded on LDT + 2 being Monday, 18 March 2013, due to the fact that settlement of the linked
units will be two days after Record Date, being Tuesday, 26 March 2013, 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, 22 March 2013.


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 March 2013


 Sponsor and Investment Bank to Growthpoint
 Investec Bank Limited

Date: 07/03/2013 11:47:00 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.