Announcement of dividend re-investment price and confirmation of finalisation information Growthpoint Properties Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT ISIN ZAE000179420 (“Growthpoint”) ANNOUNCEMENT OF DIVIDEND RE-INVESTMENT PRICE AND CONFIRMATION OF FINALISATION INFORMATION Further to the announcement of the declaration of the final dividend and dividend re-investment alternative included in Growthpoint’s results (“Results Announcement”) in respect of the six months ended 31 December 2016 released on the Stock Exchange News Service (“SENS”) on Wednesday, 1 March 2017, the price applicable to Growthpoint shareholders electing the dividend re-investment alternative and recorded in the register on Friday, 24 March 2017 (i.e. the ‘Record Date’), is R25.30 (“Re-investment Price”). The Re-investment Price is based on a 4.21% discount to the spot price (ex the dividend for the six months ended 31 December 2016 of 95.00 cents per share), as at the close of business on Friday, 10 March 2017. The Re-investment Price equates to a cum price of R26.20, which represents a discount of 3.37% to the 5- day volume weighted average cum price of R27.11 and a discount of 4.07% to the closing price of R27.31 on Friday, 10 March 2017. Dividend withholding tax (“Dividend Tax”) implications Dividend Tax implications for South African resident shareholders Dividends received from a Real Estate Investment Trust (“REIT”) are exempt from Dividend Tax in the hands of South African resident shareholders provided that the shareholders have provided the requisite declaration as to residence as detailed in paragraph 5 of the circular to Growthpoint shareholders dated and posted on Friday, 3 March 2017 (the “Circular”). South African resident shareholders, who have submitted the requisite documentation and are exempt from Dividend Tax, will accordingly receive a net dividend of 95.00 cents per share. Dividend Tax implications for non-resident shareholders Dividends received from a REIT by a non-resident shareholder are subject to Dividend Tax at 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (“DTA”) between South Africa and the country of residence of the non-resident shareholder. A reduced dividend withholding rate in terms of the applicable DTA may only be relied upon if the non-resident shareholder has provided the requisite documentation as detailed in paragraph 5 of the Circular. Non-resident shareholders who have submitted the requisite documentation, and assuming that a Dividend Tax rate of 20% is applicable, will accordingly receive a net dividend of 76.00000 cents per share. The impact of Dividend Tax on shareholders has been illustrated by way of the example below: South African resident Non-resident shareholders exempt shareholders subject to from Dividend Tax Dividend Tax at 20% Dividend per share (cents) 95.00000 95.00000 Dividend Tax per share (cents) (0.00000) (19.00000) Total net dividend per share (cents) 95.00000 76.00000 Re-investment Price (R) 25.30 25.30 New shares issued per 100 shares 3.75494 3.00395 Due to the fact that the cash dividend or dividend re-investment 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 2,830,116,406 ordinary shares of no par value before any election to re-invest the cash dividend. - Income Tax Reference Number of Growthpoint: 9375/077/71/7. 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 + 3 and that these new shares can only be traded on LDT + 3, being Wednesday, 29 March 2017, due to the fact that settlement of the shares will be three days after Record Date, being Friday, 24 March 2017, which differs from the conventional one day after Record Date settlement process. Shareholders are reminded that the last day to elect to receive the dividend re-investment alternative is 12:00 (South African time) on Friday, 24 March 2017. The salient dates, timetable and all other information relating to the cash dividend and dividend re- investment alternative disclosed in the Results Announcement remain unchanged. Sandton 13 March 2017 Corporate Advisor and Sponsor to Growthpoint Investec Bank Limited Date: 13/03/2017 03:46:00 Produced by the JSE SENS Department. 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