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Thu 21 Dec 2006, 10:36 INVS - Investec Bank Limited - Adjustment to the E
JSE   GRTIVBGRTIVA
 INVS                                                                            
INVS - Investec Bank Limited - Adjustment to the Exercise Price as of 21/12/2006
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
21/12/2006                                                                      
Share                   Growthpoint Properties    Growthpoint Properties        
                       Limited                   Limited                        
                       (ISIN Code ZAE000049011)  (ISIN Code ZAE000081774)       
Initial Exercise Price  R3.10                     R5.00                         
per Share                                                                       
Adjusted Exercise       R0.76                     R4.72                         
Price per Share                                                                 
New Adjusted Exercise   R0.46                     R4.43                         
Price per Share                                                                 
Expiry Date             18/09/2013                19/07/2016                    
Conv. Ratio             1:1                       1:1                           
Call/Put                Call                      Call                          
Style                   European                  European                      
Issue Size              25 Million                10 Million                    
JSE Code                GRTIVA                    GRTIVB                        
As a result of the "Interest Distribution" an adjustment was made to the        
exercise price to ensure the financial position of the warrant holders is       
unprejudiced.  This adjustment was effective from 21 December 2006.  The warrant
is exercisable only in accordance with the terms and conditions as set out in   
the relevant offering circular.                                                 
Copies of the offering circular may be obtained from:                           
Investec Bank Limited                                                           
100 Grayston Drive                                                              
Sandown                                                                         
Sandton                                                                         
2196                                                                            
For further information contact:                                                
Investec Warrants                                                               
Tel.: 286-4742                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 21/12/2006 10:36:21 Produced by the JSE SENS Department.                  
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