GROWTHPOINT PROPERTIES LIMITED - GRTI - Availability of the Growthpoint Integrated Annual Report for the year ended 30 June 2023

GRTI - Availability of the Growthpoint Integrated Annual Report for the year ended 30 June 2023

GROWTHPOINT PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Bond Issuer Code: GRTI
("Growthpoint" or the "Company")

AVAILABILITY OF INTEGRATED ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2023

Further to the announcement released on 13 September 2023, investors are advised that the Growthpoint
Integrated Annual Report and Annual Financial Statements for the year ended 30 June 2023 are available for
viewing and downloading at:

Integrated Annual Report

https://growthpoint.co.za/wp-content/uploads/2023/10/Integrated-annual-report-30-June-2023.pdf

Annual Financial Statements

https://growthpoint.co.za/wp-content/uploads/2023/09/Growthpoint-AFS-YE-30-June-2023_Final.pdf

https://growthpoint.co.za/wp-content/uploads/2023/09/Growthpoint-Results-Booklet_YE-30-June-
2023_Final.pdf

In terms of section 6.17(c) of the Debt Listings Requirements of the JSE Limited, investors are advised of the
below restatements in the Annual Financial Statements (refer to note 31 of the Notes to the annual financial
statements):

Expected credit losses on inter-company assets

The expected credit losses on the inter-company assets of R2.1bn were incorrectly included in the Fair value
adjustments, capital items and other charges line item (where it was separately disclosed in note 4.2 of the
annual financial statements) and not on the face of the Statement of profit or loss and other comprehensive
income, as required by IAS 1 Presentation of Financial Statements. There was no impact on total
comprehensive income for the year or other primary statements. This has been corrected by restating the prior
year numbers in the company financial statements.

The table below provides a summary of the numbers restated:
                                                                Previously   Restatement   Restated
                                                                reported     2022          2022
                                                                2022

 COMPANY                                                        Rm           Rm            Rm

 Statement of profit or loss and other comprehensive income

 Fair value adjustments, capital items and other charges        (5550)       2102          3448

 Expected credit losses on inter-company assets                 -            (2102)        (2102)



Johannesburg
31 October 2023

Debt Sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division

Date: 31-10-2023 05:47:00
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