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PRIMEGRO PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/018436/06)
Share code PMG ISIN ZAE000022620
("Primegro")
ACQUISITION OF GROWTHPOINT PROPERTIES LIMITED ("GROWTHPOINT") LINKED UNITS BY
CERTAIN PRIMEGRO DIRECTORS
Growthpoint issued a circular to linked unitholders dated 17 June 2003 regarding
the proposed merger of the business of Growthpoint with that of Primegro and the
issue of additional Growthpoint linked units ("the merger unit issue"). In terms
of the merger unit issue, a minimum of 56 603 774 Growthpoint linked units were
to be issued to institutional and private investors at a price of 530 cents per
Growthpoint linked unit.
Messrs. M Ettin, D Greenberg, L Levinsohn and P Fechter are currently directors
of Primegro and, pursuant to the proposed merger (and if the suspensive
conditions to the merger are fulfilled) will be nominated for appointment as
directors of the reconstituted Growthpoint board. The above directors have
subscribed to the merger unit issue described above, the details being as
follows:
Director Mr. M Ettin
Office Held Joint Managing Director
Number of Growthpoint linked units 154 000
Purchase price per Growthpoint 530 cents
linked unit
Nature and extent of interest Indirect Beneficial
Director Mr. D Greenberg
Office Held Joint Managing Director
Number of Growthpoint linked units 272 000
Purchase price per Growthpoint 530 cents
linked unit
Nature and extent of interest Indirect Beneficial
Director Mr. L Levinsohn
Office Held Executive Director
Number of Growthpoint linked units 180 000
Purchase price per Growthpoint 530 cents
linked unit
Nature and extent of interest Indirect Beneficial
Director P Fechter
Office Held Executive Director
Number of Growthpoint linked units 2 931 000
Purchase price per Growthpoint 530 cents
linked unit
Nature and extent of interest Indirect Beneficial
Johannesburg
24 July 2003
Investment Bank and Sponsor
Nedbank Corporate
Date: 29/07/2003 01:29:31 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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