UPDATE ON FIRM INTENTION TO MAKE A CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED AND FURTHER CAUTIONARY
UPDATE ON FIRM INTENTION TO MAKE A CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED AND FURTHER CAUTIONARY 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”) UPDATE ON FIRM INTENTION TO MAKE A CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED (“Globalworth” or the “Company”) (the “Offer”) AND FURTHER CAUTIONARY ANNOUNCEMENT Growthpoint shareholders are referred to the circular published by Globalworth earlier today. In that circular the Independent Committee of the Board of Globalworth (the “Independent Committee”), appointed to consider the Offer by Aroundtown S.A. and CPI Property Group S.A., reiterated its belief that the Offer significantly undervalues the Company, its assets and its prospects and unanimously recommends that Globalworth shareholders reject the Offer. The Growthpoint Board hereby advises that it has taken note of the recommendation by the Independent Committee. The Growthpoint Board agrees with the Independent Committee’s belief that the Offer significantly undervalues the Company, its assets and its prospects and herewith confirms that Growthpoint does not intend to accept the Offer. The Growthpoint Board notes that it will continue to enjoy the specific rights which it has under Globalworth’s Articles of Incorporation. Growthpoint Shareholders are advised to continue to exercise caution when dealing in Growthpoint securities until a further announcement is made. Sandton 27 May 2021 Sponsor: Investec Bank Limited Date: 27-05-2021 04:50:00 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.