Growthpoint Interactive Half Year Report 2019

What’s inside. Directors’ Report HY19 Highlights 3 Introduction from Chairman and Managing Director 4 Opportunities committed since June 2018 6 Property portfolio overview 8 Office portfolio review 12 Industrial portfolio review 14 Financial management 16 Board of Directors 20 Executive management 21 Interim Financial Report Contents 22 Financial Statements 23 Notes to the Financial Statements 28 Directors’ Declaration 47 Auditor’s Independence Declaration 48 Independent Auditor’s Report 49 Additional information Detailed Portfolio information 51 About Growthpoint South Africa 53 Securityholder information 54 Frequently asked questions 56 Glossary of terms 57 Contact details 58 Corporate directory 58 Securityholder calendar 58 About this Report This is the Half Year Report for Growthpoint Properties Australia (comprising Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and their controlled entities) for the six months ended 31 December 2018. It is available online at www.growthpoint. com.au and in hard copy. Persons can request a hard copy through any of the communication methods listed on page 58. This report provides readers with an overview of Growthpoint’s business including summaries of the strategies, objectives, assets, operating model, achievements, key risks and opportunities at 21 February 2019 as well as detailed financial information over the last six months, one year and five year periods. There are also references which enable readers to obtain more information should they wish to. About the Directors’ Report The Directors’ Report which follows was signed in Melbourne on 21 February 2019 in accordance with a resolution of the Directors of Growthpoint Properties Australia Limited. The Directors’ Report comprises pages 3 to 21 of this report except where referenced otherwise. 2 Growthpoint Properties Australia | 2019 Half Year Report