GROWTHPOINT PROPERTIES AUSTRALIA — M&A Activity 2011

Jun 6, 2011

LEVEL 10, 379 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA TEL : +61 3 8681 2900 FAX: +61 3 8681 2910 WEB: WWW.GROWTHPOINT.COM.AU

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The Manager Company Announcements Office ASX Limited

7 June 2011

Dear Sir/Madam

Notice that remaining defeating conditions to takeover bid freed

We enclose, by way of service pursuant to section 650F(3)(a) of the Corporations Act 2001 (Cth), a notice declaring that all of the remaining conditions to the takeover offers by Growthpoint Properties Australia Limited ABN 33 124 093 901 as responsible entity for Growthpoint Properties Australia Trust ARSN 120 121 002 for all the units in Rabinov Property Trust ARSN 099 776 342 have been freed.

Accordingly, the offers are now unconditional.

Yours faithfully

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Aaron Hockly Company Secretary

GROWTHPOINT PROPERTIES AUSTRALIA LIMITED (ACN 124 093 901, AFSL NO. 316409) GROWTHPOINT PROPERTIES AUSTRALIA TRUST (ARSN 120 121 002) DIRECTORS : L SHADDOCK (CHAIRMAN), T J COLLYER (MANAGING DIRECTOR), E K DE KLERK, G A JACKSON, J F MARAIS, L N SASSE, D SPRUELL COMPANY SECRETARY : A G B HOCKLY

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LEVEL 10, 379 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA TEL : +61 3 8681 2900 FAX: +61 3 8681 2910 WEB: WWW.GROWTHPOINT.COM.AU

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Growthpoint Properties Australia Limited ABN 33 124 093 901 as responsible entity for Growthpoint Properties Australia Trust ARSN 120 121 002

Notice that defeating conditions to takeover bid freed

• To: Rabinov Property Management Limited ABN 38 004 672 815 as responsible entity for Rabinov Property Trust ARSN 099 776 342 (Rabinov Trust)

ASX Limited

For the purposes of section 650F of the Corporations Act 2001 (Cth), Growthpoint Properties Australia Limited as responsible entity for Growthpoint Properties Australia Trust gives notice declaring that:

• 1 its takeover offers for all the units in Rabinov Trust are free from all of the conditions in sections 12.8 of its bidder’s statement dated 21 April 2011; and

• 2 its voting power in Rabinov Trust as at close of business on 7 June 2011 was approximately 91.98%.

date 7 June 2011

Signed for and on behalf of

Growthpoint Properties Australia Limited as responsible entity for Growthpoint Properties Australia Trust

by

sign here ►

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Aaron Hockly Company Secretary

GROWTHPOINT PROPERTIES AUSTRALIA LIMITED (ACN 124 093 901, AFSL NO. 316409) GROWTHPOINT PROPERTIES AUSTRALIA TRUST (ARSN 120 121 002) DIRECTORS : L SHADDOCK (CHAIRMAN), T J COLLYER (MANAGING DIRECTOR), E K DE KLERK, G A JACKSON, J F MARAIS, L N SASSE, D SPRUELL COMPANY SECRETARY : A G B HOCKLY

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