Growthpoint - Growthpoint Black Economic Empowerment Transaction

August 30, 2005

Growthpoint - Growthpoint Black Economic Empowerment Transaction
GROWTHPOINT PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN: ZAE000037669 ...

("Growthpoint" or "the company")
GROWTHPOINT BLACK ECONOMIC EMPOWERMENT ("BEE") TRANSACTION
1. INTRODUCTION AND RATIONALE
Investec Bank Limited is authorised to announce that Growthpoint has entered
into various agreements in order to facilitate the acquisition by a Consortium
of BEE Partners (the "BEE Consortium") of 100 million Growthpoint linked units
amounting to 14.2% of the total Growthpoint linked units currently in issue,
which units have a current market value of R1.01 billion ("BEE Transaction").
Growthpoint and its Board of Directors ("the Board") are committed to assist in
the achievement of meaningful participation by Historically Disadvantaged South
Africans ("HDSAs") in the country"s economy.

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