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
REIT status approved
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN ZAE000179420
(“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 final results (“Results Announcement”) released on the Securities
Exchange News Service (“SENS”) on Wednesday, 28 August 2013 and in the press on Thursday, 29 August
2013, the price applicable to Growthpoint shareholders electing the distribution reinvestment alternative
and recorded in the register on Friday, 20 September 2013 (i.e. the ‘Record Date’), is R22,00
(“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 30 June 2013 of 76.30 cents), as at the close of business on Thursday, 5
September 2013.
The Reinvestment Price equates to a cum price of R22.73, which is a discount of 4.2% to the 5-day volume
weighted average cum price of R23.73 and a discount of 2.9% to the closing price of R23.40 on Thursday, 5
September 2013.
Included in the R22.00 is an antecedent divestiture of 35 cents per share for the period 1 July 2013 to 23
September 2013 in respect of the 2014 interim distribution period 1 July 2013 to 31 December 2013.


Dividend Withholding Tax (“Dividend Tax”)
The gross distribution of 76.30 cents per share comprises an interest portion of 76.22378 cents and a
dividend portion of 0.07622 cents per share. 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 76.28857 cents per share (comprising
interest of 76.22378 and a net dividend of 0.06479). Shareholders exempt from paying Dividend Tax will
receive a distribution of 76.30 cents per share (comprising interest of 76.22378 cents and a dividend of
0.07622 cents).
The impact of Dividend Tax on shareholders 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 share (cents)                                 76.22378                     76.22378
 Equity element per share (cents)                                     0.07622                      0.06479
 Total forecast distribution per share (cents)                       76.30000                     76.28857
 Reinvestment Price (R)                                                 22.00                        22.00
 New shares issued per 100 shares                                     3.46818                      3.46766


Due to the fact that the cash distribution or distribution reinvestment alternative may have tax
implications for resident and non-resident shareholders, shareholders are encouraged to consult their
professional advisors should they be in any doubt as to the appropriate action to take.
Other information:
   -   The number of ordinary issued shares of Growthpoint comprise 1 891 558 328 ordinary shares of no
       par value before any election to reinvest the cash distribution.
   -   Income Tax Reference Number of Growthpoint: 9375/077/71/7.
   -   There are no secondary tax on company (“STC”) credits available to be utilised against the Dividend
       Tax.


Trading of Growthpoint shares
As published in the Results Announcement, shareholders electing the share alternative are once again
alerted to the fact that the new shares will be listed on LDT + 2 and that these new shares can only be
traded on LDT + 2, being Wednesday, 25 September 2013 (Tuesday, 24 September 2013, being a public
holiday), due to the fact that settlement of the shares will be two days after Record Date, being Friday, 20
September 2013, which differs from the conventional one day after Record Date settlement process.
Shareholders are reminded that the last day to elect to receive distribution reinvestment alternative is
12:00 (South African time) on Friday, 20 September 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
6 September 2013




Sponsor and Investment Bank to Growthpoint
Investec Bank Limited

Date: 06/09/2013 11:00:00 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.