27 May - 2 min read

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
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