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 Date: 15/11/2017 04:25:00 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.