Growthpoint Interactive Half Year Report 2018

Growthpoint Properties Australia 2018 Half Year Report 6 Internalised Management – – Securityholders own both the properties and the manager of the properties – – Majority of A-REIT sector internally managed – – Structure typically reduces both fees and conflicts of interest Internal vs External – ASX300 A-REITs Internal 19 External 11 Number Internal $115.4b External $12.4b Market Cap (aggregate) Overview of Growthpoint An investment in Growthpoint is a 100% real property investment, underpinned by the following principles Aaron Hockly Chief Operating Officer Funds Management – – 100% of GOZ assets owned on balance sheet and 100% of income sourced from those assets – – Reviewed property funds management during FY17 but sector benefit to Growthpoint Securityholders not deemed compelling – – Will continue to review this and other potential revenue streams Development – – We do not operate a development business but will consider development activities limited to where Growthpoint is or will become the owner of the property – – Maximum development exposure limited to 15% of gross assets under development at any time due to debt facilities and board risk tolerance – – Will continue to enhance existing assets, purchase properties to be developed and fund construction of developments – – May consider development joint ventures – – Not seeking to acquire existing properties solely for development purposes – – Since 2009, Growthpoint has undertaken $362 million in development fund throughs and $51 million in capital works/ expansions Our goals – Operate sustainably – Provide investors with a growing income stream and long-term capital appreciation – Majority of income and assets from Australian real estate we own and manage More details about Growthpoint’s goals, strategies, objectives and risk can be found in the 2017 Annual Report and Sustainability Report. Growthpoint Securityholders 1 (%) as at 31 December 2017 GRT Institutional Retail Directors and Employees 26.2 8.1 0.6 65.1% majority shareholder Growthpoint South Africa (GRT) – the largest primary listed South African REIT 1. Figures are approximate and based on beneficial ownership.