GROWTHPOINT PROPERTIES LIMITED - Changes to the board and executive directors responsibilities

Changes to the board and executive directors’ responsibilities

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”)

CHANGES TO THE BOARD AND EXECUTIVE DIRECTORS’ RESPONSIBILITIES

Growthpoint has pleasure in announcing the following changes:

1. Mr Hugh Herman retired as a Non-executive Director of Growthpoint with effect from
   the close of business yesterday, 14 November 2017, after close to 23 years of
   distinguished service and contribution to the Company and its Board, for which the
   Board expressed its gratitude.

2. Pursuant to a revised operational management structure approved by the Board
   yesterday for implementation with effect from 1 March 2018, the following Executive
   Directors’ roles will change, as follows:

   2.1 the Company’s Chief Executive Officer, Mr Norbert Sasse, will become Group
       Chief Executive Officer and his primary focus will be on strategic direction of the
       Group aligned with Growthpoint’s internationalisation strategy, and overseeing
       and representing Growthpoint’s interests in local and international subsidiaries
       and associated companies; and

   2.2 the Company’s Managing Director, Mr Estienne de Klerk, will become the Chief
       Executive Officer: Growthpoint South Africa, in which role he will have dedicated
       focus on, and direction of, Growthpoint’s South African operations and will
       continue to support the Group CEO in relation to Group strategy and oversight of
       strategic investments.

Sandton

15 November 2017

Sponsor: Investec Bank Limited

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