Notification of Disposal of Beneficial Interest in Shares: TRP121 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”) NOTIFICATION OF DISPOSAL OF BENEFICIAL INTEREST IN SHARES: TRP121 In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”), regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Growthpoint has received notification from Southern Palace Properties (Pty) Ltd (“Southern Palace Properties”) that it has disposed of its entire holding of Growthpoint shares, which was equal to 5.4% of Growthpoint’s ordinary shares in issue. Southern Palace Properties, a company 70% owned by the black-owned and managed diversified industrial holding company Southern Palace Group of Companies (Pty) Limited and 30% owned by the Government Employees Pension Fund (GEPF) through its asset manager, the Public Investment Corporation (PIC), acquired an 8.0% stake in Growthpoint Properties from the PIC, in July 2014. Through that transaction, the PIC rebalanced its property portfolio and facilitated Southern Palace Properties to become the largest non-institutional shareholder in Growthpoint. The sale by Southern Palace Properties, of its Growthpoint shares, will negatively impact the equity ownership element of Growthpoint’s BEE Scorecard. However, Growthpoint remains fully committed to sustainable transformation and has a Board- approved transformation strategy that encompasses all elements of the scorecard. This document is available on the Growthpoint website https://growthpoint.co.za/corporate-social-investment/b- bbee-certificates. We are dedicated to achieving the objectives stated in this strategy. As required in terms of section 122(3)(a) of the Companies Act, Growthpoint will file the requisite notice with the Takeover Regulation Panel. Sandton 23 March 2018 Corporate Advisor and Sponsor to Growthpoint Investec Bank Limited Date: 23/03/2018 01:55:00 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.