GROWTHPOINT PROPERTIES LIMITED - Effective date of the transaction: Acquisition of the Tiber Group and the specific repurchase of Growthpoint shares

Effective date of the transaction: Acquisition of the Tiber Group and the specific repurchase of Growthpoint shares

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”)




EFFECTIVE DATE OF TRANSACTIONS: ACQUISITION OF THE TIBER GROUP AND THE SPECIFIC
REPURCHASE OF GROWTHPOINT SHARES



1.   Acquisition of the entire Tiber Group portfolio of properties and management business

     Growthpoint shareholders are referred to the joint announcement (“the Tiber Acquisition
     Announcement”) released on the Securities Exchange News Service (“SENS”) on Monday, 18
     November 2013 regarding the acquisition by Growthpoint of the entire Tiber Group portfolio of
     properties and management business (“the Tiber Transaction”), and the subsequent announcement
     released on SENS on Monday, 3 February 2014 that all suspensive conditions to the Tiber
     Transaction are unconditional and that the effective date for the Tiber Transaction will be 1 March
     2014.

     The Tiber Transaction closed on Monday, 3 March 2014 and included the conclusion of the Manco
     Transaction as defined in the Tiber Acquisition Announcement and set out in more detail in
     paragraph 3.2 of the Tiber Acquisition Announcement, as well as the transfer of all of the sale
     assets to Growthpoint as set out in paragraph 3.5 of the Tiber Acquisition Announcement
     (collectively “the Transferred Tiber Assets”) with the exception of:

          - the Masstores and White House letting enterprises and the Masstores and Sunninghill bulk
            on account of the exercise of pre-emptive rights over these assets; and
          - the Turbine Square and Hall letting enterprise, which transfer is expected to be completed
            shortly.

     Growthpoint has issued 87,593,241 Growthpoint shares and will issue a further 5,683,415
     Growthpoint shares upon the transfer of the Turbine Square and Hall letting enterprise.

2.   Specific repurchase of Growthpoint shares

     Growthpoint shareholders are also referred to the circular posted to shareholders on Tuesday, 10
     September 2013 (“the Specific Repurchase Circular”) and to the SENS announcement released on
     Thursday, 10 October 2013, wherein shareholders were advised that completion of the Unipalm
     Specific Repurchase (as defined in the Specific Repurchase Circular) was subject to certain
     suspensive conditions. Growthpoint shareholders are advised that all of the suspensive conditions
     to the Unipalm Specific Repurchase have now been fulfilled and the effective date of the Unipalm
     Specific Repurchase is Monday, 3 March 2014.

     Johannesburg
     4 March 2014


Investment Bank and Sponsor to Growthpoint           
Investec Bank Limited   

Attorneys and Tax Advisors to Growthpoint
Glyn Marais Incorporated

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