GROWTHPOINT PROPERTIES AUSTRALIA — Director's Dealing 2011

Nov 27, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: GROWTHPOINT PROPERTIES AUSTRALIA

ARSN: 120 121 002 and ACN: 124 093 901

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MR TIMOTHY COLLYER
Date of last notice	26 July 2011

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Direct or indirect interest	Direct or indirect interest	DIRECT	DIRECT	DIRECT	DIRECT
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		TIMOTHY COLLYER
	Date of change		28 November 2011
	No. of securities held prior to change		23,568
	Class		O	RDINARYFULL	YPAIDSTAP	LED
			S	CURITIES
	Number acquired		40	,128
	Number disposed		N	L
	Value/ConsiderationNote: If consideration is non-cash, provide dlti	etails and estimated	$7	5,870
	vauaon
	No. of securities held after change		63,696

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Securities issued under employee share Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in plan approved by security holders on 24 buy-back November 2011.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed NO above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011