GROWTHPOINT PROPERTIES LIMITED - Voluntary Update - Moodys Investor Service (Moodys) and FitchRatings annual rating updates.

Voluntary Update -  Moody’s Investor Service (“Moody’s”) and FitchRatings annual rating updates.

GROWTHPOINT PROPERTIES LIMITED
(Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06)
(Bond issuer code: GRTI)
(“Growthpoint” or the “company”)

Voluntary update - Moody’s Investor Service (“Moody’s”) and FitchRatings annual rating updates

On 27 April 2023, Moody’s Investor Services (“Moody’s”) affirmed Growthpoint Properties Limited corporate
family rating (“CFR”) of Ba2, with a stable outlook.

Moody’s has advised the rating is supported by:

    1. Strong market position as the largest primary listed real estate investment trust (REIT) in South Africa;

    2. Sizable, very good-quality, and diversified property portfolio;

    3. Geographical diversification with exposure to Australia (Aaa stable), Central and Eastern Europe, and the
       United Kingdom (Aa3 negative); and

    4. Good liquidity risk management with a track record of addressing debt maturities well ahead of time.

Noteholders are referred to Moody’s credit opinion (Growthpoint Properties Limited: Update to credit analysis) for
any further information, available at www.moodys.com.

On 6 April 2023, Fitchratings (Fitch) affirmed Growthpoint Properties Limited’s Long-Term Foreign-Currency
Issuer Default Rating (“IDR”) at BB+ with a stable outlook.

Noteholders are referred to the press release by FitchRatings (Fitch Affirms Growthpoint at 'BB+'; Outlook Stable)
for any further information, available at www.fitchratings.com.



16 May 2023

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 16-05-2023 01:08:00
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