GRT BCX
GRT BCX
BCX /Growthpoint - Fulfilment of the last condition precedent
Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX & ISIN: ZAE000054631
("BCX")
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT & ISIN: ZAE000037669
("Growthpoint")
FULFILMENT OF THE LAST CONDITION PRECEDENT WITH RESPECT TO THE DISPOSAL OF A
PORTFOLIO OF PROPERTIES TO GROWTHPOINT
INTRODUCTION
On 8 June 2006, Business Connexion (Proprietary) Limited, a subsidiary of BCX
and Growthpoint announced that they had entered into agreements in terms of
which BCX was to sell a portfolio of properties to Growthpoint ("the proposed
disposal").
The proposed disposal was subject to, inter-alia, approval by the Competition
Authorities.
FULFILMENT OF THE LAST CONDITION PRECEDENT
Competition Tribunal approval for the proposed disposal has now been received.
Accordingly all the conditions to which the transaction was subject to have been
fulfilled and the proposed disposal is now unconditional.
Sandton
14 July 2006
Investment Bank
Investec Corporate Finance
Sponsor to BCX
RMB
Legal adviser to BCX
Brink Cohen Le Roux Inc
Sponsor to Growthpoint
Investec Securities
Legal adviser to Growthpoint
Jowel Glyn Marais Inc
Date: 14/07/2006 03:03:21 PM Produced by the JSE SENS Department
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