GRT PRA
GRT
GRT - Growthpoint - PRA - Paramount - Results of the Paramount Linked Unit
offer
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT & ISIN ZAE000037669
("Growthpoint")
Paramount Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 1945/019928/06)
Share code: PRA & ISIN ZAE000028577
("Paramount")
Results of the Paramount Linked Unit offer
1 INTRODUCTION
Paramount linked unitholders and B debenture holders are referred to the
announcement, dated 26 January 2007, informing Paramount linked unit
holders, other than Growthpoint ("Paramount linked unitholders") and B
debenture holders of the closure of the Paramount linked unit offer, the
extension of the B debenture offer and the notice to Paramount linked
unitholders in terms of section 440K(1) of the companies act, 1973 (act 61
of 1973), as amended (the "companies act").
2 RESULTS OF THE PARAMOUNT LINKED UNIT OFFER
At 12:00 on Friday, 26 January 2007, the closing date of the Paramount
linked unit offer, Growthpoint had received acceptances in respect of 142
338 520 Paramount linked units equating to 97.7% of Paramount linked units
held by the Paramount linked unitholders. Effectively Growthpoint holds 245
149 286 Paramount linked units or 98.7% of Paramount linked units in issue.
3 FURTHER DOCUMENTATION
A further announcement informing B debenture holders of the final results
of the extended B debenture offer is expected to be made on or about
Monday, 12 February 2007.
A circular incorporating a notice in terms of section 440K(1) of the
Companies Act, is expected to be posted to Paramount linked unitholders and
Paramount B debenture holders (if relevant) on or about Wednesday, 14
February 2007.
Sandton
29 January 2007
Investment bank to Growthpoint Sponsor to Growthpoint
Investec Corporate Finance Investec Bank Limited
Legal adviser to Growthpoint Independent adviser and sponsor to
Paramount
Jowell Glyn Marais Nedbank Capital
Legal adviser to Paramount Independent reporting accountants
and auditors
Cliffe Dekker Ernst & Young
Date: 29/01/2007 17:12:14 Produced by the JSE SENS Department.
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