GROWTHPOINT PROPERTIES AUSTRALIA — AGM Information 2012

Nov 26, 2012

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Growthpoint Properties Australia (ASX Code: GOZ) Annual General Meeting 27 November 2012

Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409

CB1 & 2, 32 Cordelia Street, South Brisbane, QLD

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Agenda

• 1 Chairman’s Address

• 2 Managing Director’s Address

• 3 Combined Annual Report - Trust & Company

• 4 Voting on Resolutions

• 5 Close of Meeting

A glossary is included on the final page of this presentation.

Presenter

Lyn Shaddock Independent Chairman

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Growthpoint Properties Australia

Chairman’s Address Lyn Shaddock Independent Chairman

33-39 Richmond Road, Keswick, SA

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Growthpoint Properties Australia

Group Overview & Strategy Timothy Collyer Managing Director

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28 Bilston Drive, Wodonga, VIC

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FY2012 highlights

− Group Distributable income $57.7m; 17.7cps; 58.5% above FY2011 − Distribution per stapled security of 17.6 cents – above guidance and 2.9% above FY2011 − Property assets > $1.6 billion; 6 assets totalling $346.2 million purchased in FY2012 − ASX market capitalisation – circa $839 million − Property Further growth and diversification in FY2012 portfolio − Quality property portfolio and tenants − WALE: 7.2 years; occupancy: 99.1%; WARR: 3.2%; WACR 8.3% − Limited lease expiry risk − Raised > $640 million of equity FY2009 to FY2012 Capital − management Debt facilities extended in FY2012 to $835m, with average duration of 3.5 years at 30 June 2012 − Introduced a distribution reinvestment plan − Cost of capital of the Group lowered − Returns and 21.6% total return for FY2012 and 19.7% total return for 3 years to 30 June 2012 outlook − ASX price consistently trading above NTA − Positive outlook for the Group − EPS guidance: 19.4 to 19.8 cps; Distribution guidance: 18.3 cps (+4% on FY2012)

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Property portfolio – key metrics[1 ]

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1 Figures include properties contracted to purchase at 30 June 2012 at their purchase price, properties in development at their independent value on completion and rental guarantees (as applicable)

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Property portfolio – acquisitions and developments

Ac uisitions q

Developments

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333 Ann Street, Brisbane Price: $109.95m Lettable area: 16,476m[2 ] Initial yield: 9.10% WALE: 4.0 years

CB1 & CB2, South Brisbane Price: $96.84m Lettable area: 18,159m[2 ] Initial yield: 8.60% WALE: 2.9 years

10-12 Mort Street, Canberra Price: $55.80m	10-12 Mort Street, Canberra Price: $55.80m
Lettable area: Initial yield:	15,398m2 10.30%
WALE:	4.8 years

Energex, Nundah, QLD Purchase outlay: $77.9m before acquisitions costs Lettable area: 12,910m[2 ] Initial yield: 8.25% on estimated year 1 net income WALE: 13.7 years on completion[1 ]

1 Includes rental guarantees

Fox Sports, Artarman, NSW Purchase outlay: $82.7m before acquisitions costs Lettable area: 14,116m[2 ] Initial yield: 8.10% on estimated year 1 net income WALE: 7.6 years on completion[1]

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1 Includes rental guarantees

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Growth in the Group

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1 Includes “GOZ”, “GOZNA” and “GOZN” securities

2 Date of transaction announcement

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Outlook

Group

• Strategy: Clear and simple strategy, own quality commercial properties in Australia for rental income. 4 pillars: 100% investment in Australia, no funds management, internalised management and not a developer

• Property portfolio: well placed, with long WALE, quality tenants and a rising cash flow

• Group is well supported by major securityholder, Growthpoint Properties Limited of South Africa, a dedicated and well functioning Board and a focussed and energised management team

Focus

• Asset management: developments being completed, leasing and renewals of existing leases

• Debt: expand sources of debt finance over time

• Acquisitions: continually review investment opportunities

• Market A-REIT market – improved outlook, with high relative yield and stability of distributions. Capital Conditions raisings and IPO’s have commenced again

• Property market – commercial leasing market has slowed, but market not over-supplied. Stronger competition for well leased industrial property is seeing yields fall/prices rise

• − Interest rates to remain low

• −

• Guidance Guidance basis: secure rental income stream and substantially hedged debt means distribution clarity

• EPS: range of 19.4 to 19.8 cents per security

• − DPS: 18.3 cents per security (+4% on FY2011)

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Growthpoint Properties Australia Combined Annual Report – Trust & Company

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365 Fitzgerald, Derrimut, VIC

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Item 1: Financial Statements & Reports – Company & Trust

To receive and consider:

• a) The financial reports and the reports of the Directors and the auditors in respect of the Company for the financial year ended 30 June 2012; and

• b) The financial reports and the reports of the Directors and the auditors in respect of the Trust for the financial year ended 30 June 2012.

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Item 2: Remuneration Report – Company Only

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That the Remuneration Report of the Company (which forms part of the Directors’ Report) for the financial year ended 30 June 2012 be adopted.”

The Remuneration Report is set out on pages 56 to 62 of the 2012 Annual Report.

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Item 2: Remuneration Report – Company Only

Proxies Received

Vote	Votes	%
For	326,056,992	99.52
Against	389,612	0.12
Open	1,169,107	0.36
Abstain	356,243	N/A

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Item 3: Re-Election of Directors – Company Only

To consider and, if thought fit, to pass the following as separate ordinary resolutions:

• a) “That Ms Maxine Brenner who was appointed a Director on 19 March 2012, retires under rule 11.1(c) of the Company’s Constitution and, being eligible, offers herself for election, be elected as a Director of the Company”; and

• b) “That Mr Grant Jackson, who retires under rule 11.1(d) of the Company’s Constitution and, being eligible, offers himself for re-election, be elected as a Director of the Company.”

• c) “That Mr Norbert Sasse, who retires under rule 11.1(d) of the Company’s

• Constitution and, being eligible, offers himself for re-election, be elected as a Director of the Company.”

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Item 3: Re-Election of Directors – Company Only

Proxies Received

Re-elect Maxine Brenner

Re-elect Grant Jackson

Vote	Votes	%
For	326,217,547	99.49
Against	457,285	0.14
Open	1,204,797	0.37
Abstain	119,105	N/A

Vote	Votes	%
For	326,673,393	99.63
Against	35,264	0.01
Open	1,190,374	0.36
Abstain	99,703	N/A

Re-elect Norbert Sasse

Vote	Votes	%
For	325,975,584	99.42
Against	728,212	0.22
Open	1,190,374	0.36
Abstain	104,564	N/A

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Item 4: Approval of Proportional Takeover Provisions – Company Only

To consider and, if thought fit, pass the following resolution as a special resolution:

“That the Company’s Constitution be amended by the insertion of proportional takeover provisions as clause 8 of the Company’s Constitution in the terms specified in Schedule 1 to the Notice of Meeting.”

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Item 4: Approval of Proportional Takeover Provisions – Company Only

Proxies Received

Vote	Votes	%
For	326,074,999	99.46
Against	591,213	0.15
Open	1,167,107	0.36
Abstain	165,415	N/A

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Item 5: Approval of Issue to Timothy Collyer (Managing Director) – Company Only

To consider and, if thought fit, pass the following as an ordinary resolution:

“That for all purposes the issue of Performance Rights to Timothy Collyer under the Employee Incentive Plan, in accordance with the rules of this Plan and on the terms summarised in the Explanatory Notes, is approved.”

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Item 5: Approval of Issue to Timothy Collyer (Managing Director) – Company Only

Proxies Received

Vote	Votes	%
For	325,402,523	99.29
Against	1,112,774	0.34
Open	1,202,006	0.37
Abstain	281,431	N/A

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Item 6: Approved of Amendments to Company’s Constitution – Company Only

To consider and, if thought fit, pass the following as a special resolution:

“That the amendments to the Constitution as set out in the Explanatory Memorandum to the Notice of Meeting be approved.”

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Item 6: Approved of Amendments to Company’s Constitution – Company Only

Proxies Received

Vote	Votes	%
For
Against
Open
Abstain

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Growthpoint Properties Australia Voting on Resolutions

10-12 Mort Street, Canberra, ACT

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Growthpoint Properties Australia (ASX Code: GOZ) Close of Meeting

Visit the Group’s website at www.growthpoint.com.au

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572 – 576 Swan Street, Richmond, VIC

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Glossary & Disclaimer

A-IFRS Australian International Financial Reporting Standards A-REIT Australian Real Estate Investment Trust cps cents per stapled security dps distributions per stapled security FY09 the 12 months ended 30 June 2009 FY10 the 12 months ended 30 June 2010 FY11 the 12 months ended 30 June 2011 FY12 the 12 months ending 30 June 2012 GOZ and Group Growthpoint Properties Australia comprising Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and their controlled entities GRT Growthpoint Properties Limited of South Africa (which hold 61.5% of GOZ) Distributable Income net profit excluding any adjustments for A-IFRS or other accounting standards/requirements WALE weighted average lease expiry WARR weighted average rent review WACR weighted average capitalisation rate LTV “loan to value ratio” as that term is defined in GOZ’s Syndicated Facility Agreement ICR “interest cover ratio” as that term is defined in GOZ’s Syndicated Facility Agreement

Every effort has been made to provide up-to-date, accurate and complete information in this presentation, however, neither the Group nor any of its related entities (as that term is defined in the Corporations Act 2001 (Cth)), employees, advisors, agents or other contributing authors warrant or represent that the information in this presentation is up-to-date, accurate or complete or that it is appropriate for any particular use. The information contained in this presentation provides factual information only and under no circumstances does it constitute personal financial advice. None of the authors, issuers or presenters of this presentation are licensed to provide financial product advice. Users of this information should obtain, and rely on, advice sourced from their own independent financial, tax, legal and other advisers and obtain a product disclosure statement (if relevant) before making any decision in relation to the attached presentation including, but not limited to, holding, acquiring or disposing of any security. Subject to any terms implied by law which cannot be excluded, neither the Group nor any of its related entities (as that term is defined in the Corporations Act 2001 (Cth)), employees, advisers, agents or other contributing authors accept any responsibility for any direct or indirect loss, cost, damage or expense incurred by any person as a result of anything contained in this presentation.

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