Norbert Sasse, executive director of Growthpoint, the largest listedproperty fund on the JSE Securities Exchange SA, said that according toits research, his understanding was that it was not Growthpoint's marketcapitalisation that was hampering any listing on the Alsi but its tradability.

Sasse said the JSE required that at least 0,5% of a company's sharesor linked units in issue be traded in 10 out of 12 months measured fromJanuary to December. He said Growthpoint had complied with this every monthsince its merger with fellow property loan stock company Primegro in Maylast year.

"My understanding is that if tradability remains at these levels toDecember we would have complied with the minimum trading requirements.

"On the assumption that Growthpoint has a 100% free float (of units)and assuming market conditions remain consistent, Growthpoint would eitherbe included or be pretty close to being included in the Alsi 40."