Voluntary Announcement - Initial Investment In Griffin Premium Re.. N.V. 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”) VOLUNTARY ANNOUNCEMENT - INITIAL INVESTMENT IN GRIFFIN PREMIUM RE.. N.V. Growthpoint, in line with its internationalisation strategy, will via its wholly-owned subsidiary Growthpoint Properties International (Pty) Limited (“GPI”), participate in an issue of new ordinary shares by Griffin Premium Re.. N.V. (“GPRE”). Growthpoint will invest an amount of no less than €120m and no more than €150m. GPRE has agreed to allocate shares subject to Growthpoint’s and its associates’ total direct or indirect shareholding being less than 30.0% of the fully diluted share capital of GPRE. Further conditions include (a) the passing at the general meeting of GPRE to be held on 26 April 2018 (or at any adjourned meeting) of resolutions approving the issue of the new shares and exclusion or limitation of pre-emptive rights in this respect; (b) the receipt by Growthpoint of an underwriting fee equal to 1.5%; and (c) the new shares being allotted and validly issued at the offer price of €1.57, as fully paid ordinary shares in the capital of GPRE (subject only to the admission to listing on the Warsaw Stock Exchange, which shall occur on or before 31 July 2018). A copy of this notice has also been made available on the Company’s website at: http://www.growthpoint.co.za/Pages/InvestorLanding.aspx Sandton 12 April 2018 Sponsor: Investec Bank Limited Date: 12/04/2018 09:00:00 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.