GROWTHPOINT PROPERTIES LIMITED - Proposed Eurobond Issue and Further Investment In Globalworth

Proposed Eurobond Issue and Further Investment In Globalworth

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint” or “the Company”)


PROPOSED EUROBOND ISSUE AND FURTHER INVESTMENT IN GLOBALWORTH


Growthpoint, in line with its internationalisation strategy, will seek to issue a EUR-
denominated bond. A portion of the proceeds to be raised will be utilised to participate in
a proposed non?preemptive issue of new ordinary shares by Globalworth Real Estate
Investments Ltd (“Globalworth”) announced by Globalworth on 14 November 2017,
subject to authorisation by Globalworth’s shareholders at its EGM to be held on 4
December 2017. Growthpoint has agreed to subscribe in cash for such number of new
Globalworth shares in this issue as would result in a total direct or indirect holding of
approximately 29.5% (from its current level of 26.9%) of Globalworth’s issued shares by
Growthpoint and its associates.

Accordingly, Growthpoint, as guarantor, has mandated joint bookrunners to arrange a
series of fixed income investor meetings in the UK and Continental Europe commencing
on 29 November 2017, for a subsequent offering by Growthpoint Properties International
(Pty) Ltd (GPI”), a wholly-owned Growthpoint subsidiary, as the issuer, of EUR-
denominated Reg S only Eurobonds with an intermediate maturity, subject to market
conditions (FCA/ICMA stabilization will apply), the launch of which was announced in the
United Kingdom by the joint bookrunners today.

Note:
No part of this announcement is to be construed as or constitutes an offer of securities
for sale in the United States, Australia, Canada, Japan or any other jurisdiction.
Growthpoint and GPI have not registered, and do not intend to register, any of the
securities referred to in this announcement in any of these jurisdictions or to conduct a
public offering of securities in any of these jurisdictions. In particular, none of the
securities referred to in this announcement have been or will be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”), and such securities may
not be offered, sold or delivered within the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except
pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and in compliance with any applicable state securities
laws. This announcement also does not constitute an “offer to the public” (as defined in
the Companies Act, No. 71 of 2008, as amended) and no prospectus will be registered in
connection with an offer of securities referred to in this announcement.


Sandton

27 November 2017

Sponsor: Investec Bank Limited

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