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30-Oct-2018
(Official Notice)
As required by the JSE Debt Listings Requirements, Noteholders are advised that the Integrated Annual Report, including the Consolidated Annual Financial Statements, of Hyprop Investments Limited for the year ended 30 June 2018, has been made available on Hyprop?s website: www.hyprop.co.za

Noteholders are also advised that the auditors expressed an unqualified audit opinion on Hyprop?s Consolidated Financial Statements for the year ended 30 June 2018 and there were no restatements of the previous year?s Annual or Interim Financial Statements.
30-Oct-2018
(Official Notice)
Shareholders are advised that a notice of the annual general meeting of Hyprop shareholders ("AGM") was dispatched today, Tuesday, 30 October 2018. The notice of the AGM is available with immediate effect, on the company's website, http://www.hyprop.co.za/ir-integrated-reports.php.



The AGM will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank, at 10:00 on Friday, 30 November 2018. The last day to trade in order to be eligible to participate in and vote at the AGM is Tuesday, 20 November 2018 and the record date for voting purposes is Friday, 23 November 2018.



Shareholders are further advised that Hyprop's integrated annual report and the group audited annual financial statements for the financial year ended 30 June 2018 (on which the auditors expressed an unmodified audit opinion) are available with immediate effect, on the company's website, http://www.hyprop.co.za/ir- integrated-reports.php, and contain no changes to the summarised consolidated results for the year ended 30 June 2018, released on SENS on 31 August 2018.



Shareholders are hereby notified that, in accordance with the JSE Listings Requirements, the company's annual compliance report, prepared in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, is available on the company's website http://www.hyprop.co.za/about-bee.php.
30-Oct-2018
(Official Notice)
Shareholders are hereby informed that the board of directors of Hyprop ("the board") has accepted Lindie Engelbrecht's resignation as a director of the company, the chairperson of the audit and risk committee and as a member of the remuneration and nominations committee, with effect from 30 November 2018.



Lindie has accepted an executive position in the United Kingdom.



Thabo Mokgatlha, an independent non-executive director, will replace Lindie as the chairperson of the audit and risk committee and will join the remuneration and nominations committee from 30 November 2018.
02-Oct-2018
(Official Notice)
Shareholders are hereby informed that Pieter Prinsloo, the chief executive officer of Hyprop, has indicated that he will be emigrating with his family and the board of directors ("the board") has accepted his resignation from the company, and the board, with effect from 31 January 2019.



The board announced the appointment of Morne Wilken as the incoming chief executive officer. Morne will join Hyprop, and the board, on 27 December 2018.
31-Aug-2018
(C)
Revenue for the year decreased to R3.114 billion (2017: R3.168 billion), operating income lowered to R2.008 billion (2017: R2.016 billion), total profit for the year attributable to shareholders of the company fell to R2.529 billion (2017: R2.768 billion), while headline earnings per share grew to 759.3 cents per share (2017: 644.4 cents per share).



Dividend

Hyprop has declared a dividend of 380.24450 cents per share for the six months ended 30 June 2018, an increase of 9.3% on the corresponding period in 2017. The total dividend for the year of 756.5 cents per share is an increase of 8.8% on the prior year, reporting a strong performance in difficult market conditions.



Company prospects

Hyprop expects dividend growth of between 5% and 7% for the year to 30 June 2019. This is lower than has been the case for a number of years but is reflective of lower growth in the South African property sector and the effects of the constrained consumer environment in South Africa. We will continue to invest in and manage our properties to ensure that they remain relevant and attractive to customers through the current economic cycle.



This guidance is based on the following key assumptions:

- Forecast investment property income is based on contractual rental escalations and market-related renewals.

- Appropriate allowances for vacancies have been incorporated into the forecast.

- No major corporate and tenant failures will occur.

- Earnings from offshore investments will not be materially impacted by exchange rate volatility or disruption in the financial markets.

- Exchange rates have been assumed at R13.50 and R15.50 to the US Dollar and Euro, respectively.
31-Aug-2018
(Official Notice)
29-Aug-2018
(Official Notice)
Shareholders are advised that the board of directors of Hyprop ("the board") has appointed Brett Till as Financial Director of the company with effect from 1 October 2018.

04-Jul-2018
(Official Notice)
Shareholders are advised that the board of directors of Hyprop ("the board") has appointed Abraham Wilhelm Nauta as an executive director, and Zuleka Jasper as an independent non-executive director, of the company, both with effect from 5 July 2018.
08-May-2018
(Official Notice)
Shareholders are advised that, in light of strong demand, Hyprop has increased the size of its bookbuild announced earlier on 8 May 2018 to 7 453 238 shares, representing the maximum number of shares available under its general authority to issue shares for cash. The bookbuild has priced at ZAR105.00 per share, representing a 4.9% discount to the 30 business day VWAP and raising gross proceeds of ZAR782.6 million. Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on Friday, 11 May 2018.
08-May-2018
(Official Notice)
Subject to pricing acceptable to Hyprop, the company proposes an equity raise of approximately ZAR600 million through the issue of new Hyprop shares.



The equity raise will be implemented through an accelerated bookbuild process (the ?Bookbuild?) and proceeds raised will be used principally to repay debt. The Bookbuild is now open and the company reserves the right to close it at any time hereafter.



Pricing and allocations will be announced as soon as practicable following closing of the Bookbuild. The equity raise will be completed under the company?s general authority to issue shares for cash and thus only public shareholders (as defined within the JSE Listings Requirements) in South Africa may participate in the Bookbuild.



Standard Bank is acting as sole bookrunner and transaction sponsor.
23-Apr-2018
(Official Notice)
Shareholders are advised that Laurence Cohen, Hyprop?s financial director, has resigned from the Company and the Board, with effect from 1 August 2018, to pursue personal interests.



Laurence has made a significant contribution during his tenure at Hyprop for which the Board offers him its sincere thanks and it wishes him well in his future endeavours.



The appointment of a new financial director will be announced in due course.
10-Apr-2018
(Official Notice)
Hyprop refers to the SENS released on 2nd of March 2018 advising Main Board Investors of the availability of the issuer?s interim financial statements. Noteholders are advised to also take note of the availability of the Interim financial statements on the following link: www.hyprop.co.za.



29-Mar-2018
(Official Notice)
Noteholders are advised of Moody?s Investor Services (?Moody?s?) rating actions on 11 South African corporates including Hyprop Investments Ltd., which were driven by Moody?s decision to confirm South Africa?s government issuer rating at Baa3 with a stable outlook on 23 March 2018. Moody?s rating action decision on the South African government issuer rating reflects the view that the previous weakening of South Africa?s institutional framework will gradually reverse under a more transparent, predictable policy framework.



On 28th March 2018, Moody?s confirmed Hyprop Investments Ltd.?s (?Hyprop?) global scale rating of Baa3/Aa1.za long-term (outlook negative).



The detailed press release regarding this is available for viewing on the Moody?s website: www.moodys.com.
02-Mar-2018
(C)
Revenue for the interim period lowered to R1.5 billion (2016: R1.6 billion). Operating profit dipped to R990 million (2016: R1 billion). Profit for the period attributable to shareholders of the company decreased to R1.4 billion (2016: R1.6 billion). Furthermore, headline earnings per share declined to 360.7 cents per share (2016: 395.9 cents per share).



Payment of dividend

All rental income earned by the company, less property expenses and interest on debt, is distributed to shareholders bi-annually.



A dividend of 376.3 cents per share for the six months ended 31 December 2017 will be paid to shareholders.



Company prospects

Hyprop expects dividend growth of between 8% and 10% for the year to 30 June 2018. This is an upward revision to the guidance provided in September 2017 of 7% to 9%.



The guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market-related renewals;

*Appropriate allowances for vacancies have been incorporated into the forecast;

*No major corporate and tenant failures will occur;

*Earnings from offshore investments will not be materially impacted by exchange rate volatility. Exchange rates have been assumed at R11,50 and R14,30 to the US Dollar and Euro, respectively; and

*Loss of income from developments in the South African portfolio of R11.5 million.



The forecast has not been reviewed or reported on by the company's auditors.

02-Mar-2018
(Official Notice)
26-Feb-2018
(Official Notice)
Shareholders are advised that a copy of an investor presentation which will be presented by Hystead Ltd. (?Hystead?) to members of the investment community from today, Monday, 26 February 2018, is available on Hyprop?s website ? www.hyprop.co.za. Hystead, which is 60% held by Hyprop and 40% held by PDI Investment Holdings, owns a portfolio of high- quality, income producing shopping centres in South Eastern Europe.
21-Feb-2018
(Official Notice)
Shareholders are advised that Hyprop has, through its UK joint venture company, Hystead Ltd. (?Hystead?) entered into an agreement (the ?acquisition agreement?) to acquire a 90% interest in a company that owns two shopping centres (the ?shopping centres?) situated in Croatia (the ?acquisition?). Hystead is held 60% by Hyprop and 40% by PDI Investment Holdings (?PDI?), a company associated with Louis Norval, a non-executive director of Hyprop. The purchase consideration net of the EUR154.4 million asset-based finance is EUR129.1 million, of which Hyprop?s 60% effective share is approximately EUR77.5 million (R1.12 billion).



The transaction

The acquisition will be effected through a joint venture company (?JVCo?) to be incorporated by Hystead (as to 90%) and WKB 3 GmbH (?WKB3?), a company associated with CC Real GmbH (?CC Real?), one of the premier property and asset management companies in Croatia (as to 10%). The acquisition will be effective upon the fulfilment of all conditions precedent. The transaction agreements contain undertakings, warranties and indemnities which are normal for an acquisition of this nature.



Joint venture arrangement

Hystead has entered into a joint venture agreement with WKB 3, an Austrian-based company that developed, and has been the property and asset manager of the two shopping centres. Its operating company, CC Real, was founded in 2006 by Wolfgang Kaufmann, Fabian Kaufmann and Sven Vorih and is based in Vienna (Austria), with additional offices in Zagreb.



The founders of CC Real have successfully developed numerous real estate projects in Austria and elsewhere in Europe. They have expertise in the fields of planning, developing and managing entertainment and shopping centres and employ 140 people. CC Real is currently a 20% shareholder in the shopping centres, and will retain a 10% interest after the acquisition.



Conditions precedent

Completion of the acquisition is subject to approval from the Competition Agency of Croatia.
01-Dec-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Friday, 1 December 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 31 October 2017), all of the resolutions tabled thereat were passed by the requisite majority of Hyprop shareholders.
31-Oct-2017
(Official Notice)
Noteholders were advised that the Company has published its Integrated Annual Report for the year ended 30 June 2017 on the Company?s website www.hyprop.co.za.
31-Oct-2017
(Official Notice)
Shareholders are advised that the notice of annual general meeting was dispatched today, 31 October 2017. Hyprop?s integrated report and the group audited annual financial statements for the financial year ended 30 June 2017 are available with immediate effect, on the company?s website, www.hyprop.co.za and contain no changes to the summarised consolidated results for the year ended 30 June 2017, released on SENS on 1 September 2017.



The company?s annual general meeting will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank, at 10:00 on Friday, 1 December 2017.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 21 November 2017 and the record date for voting purposes is Friday, 24 November 2017.



Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, is available on the company?s website.
18-Oct-2017
(Official Notice)
Shareholders are advised that several South African investors will be visiting the Hystead Ltd. property portfolio (in which the company owns 60%) in Serbia, Montenegro, Macedonia and Bulgaria from 23 October 2017 to 26 October 2017.



During the visit, a presentation will be made available to the investors regarding the property portfolio, as well as on the economic dynamics and risk profile of each country.



The presentation contains no materially new information on Hyprop?s current trading or future financial performance and is available on the company?s website (www.hyprop.co.za).
01-Sep-2017
(Official Notice)
01-Sep-2017
(C)
Revenue for the year was higher at R3.2 billion (R3.1 billion) and net operating income rose to R1.7 billion (R1.6 billion). Total profit attributable to shareholders remained unchanged at R2.8 billion (R2.8 billion). In addition, headline earnings per share grew to 644.4 cents per share (574.3 cents per share)



Payment of dividend

A dividend of 347.8 cents per share for the six months ended 30 June 2017 will be paid to shareholders.



Company prospects

Hyprop expects dividend growth of between 7% and 9% for the year to 30 June 2018. This guidance is based on the following key assumptions:

* Forecast investment property income is based on contractual rental escalations and market-related renewals

* Appropriate allowances for vacancies have been incorporated into the forecast

* No major corporate and tenant failures will occur

* Earnings from offshore investments will not be materially impacted by exchange rate volatility. Exchange rates

have been assumed at R13.00 and R15.00 to the US Dollar and Euro respectively

* Loss of income due to developments in the South African portfolio amounting to R9.3 million

* The Hystead listing taking place in the first half of calendar year 2018.
08-May-2017
(Official Notice)
Shareholders are advised that Nonyameko (Nyami) Mandindi has been appointed as an independent non- executive director to the board of directors of Hyprop, with effect from 8 May 2017.
03-Mar-2017
(Official Notice)
Noteholders are advised that the Company has published its Interim Results for the six months ended 31 December 2016 (?the AFS?) on the Company?s website.
03-Mar-2017
(Official Notice)
03-Mar-2017
(C)
Revenue for the interim period increased to R1.6 billion (2015: R1.5 billion). Operating income rose to R1 billion (2015: R978.1 million), while total profit for the period attributable to shareholders of the company decreased to R1.6 billion (2015: R1.9 billion). Furthermore, headline earnings per share strengthened to 395.9cps (2015: 392.2cps).



Dividend

A dividend of 347.3 cents per share for the six months ended 31 December 2016 will be paid to shareholders.



Prospects

Hyprop expects dividend growth of approximately 12% for the full year to 30 June 2017. This guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market-related renewals;

*Appropriate allowances for vacancies have been incorporated into the forecast;

*No major corporate and tenant failures will occur;

*Earnings from offshore investments will not be materially impacted by exchange rate volatility. Exchange rates have been assumed at R12.75 and R13.80 to the US Dollar and Euro, respectively; and

*No income from Ikeja City Mall (Lagos, Nigeria) has been included in the forecast.

The forecast has not been reviewed or reported on by the company?s auditors.

24-Feb-2017
(Official Notice)
Shareholders are advised that Hyprop anticipates that its interim distribution per share for the six months ended 31 December 2016 (the period) will be between 342.8 cents per share and 348.4 cents per share, being between 15% and 17% higher than the 297.8 cents per share for the six months ended 31 December 2015.



Distribution growth was enhanced in the period primarily by the inclusion of distributable earnings from the investments in South-Eastern Europe, none of which was included in the prior interim period ended 31 December 2015.



The financial results for the six months ended 31 December 2016 will be published on or about 3 March 2017.
08-Dec-2016
(Official Notice)
Noteholders are advised that the Company has published its Annual Financial Statements for the year ended 30 June 2016 (?the AFS?) on the Company?s website.
07-Dec-2016
(Official Notice)
Shareholders are advised that independent non-executive director, Ethan Dube, retired from the board of directors of Hyprop at the annual general meeting held on 1 December 2016.
01-Dec-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 1 December 2016 (in terms of the notice of annual general meeting dispatched to shareholders on 31 October 2016), all of the resolutions tabled thereat were passed by the requisite majority of Hyprop shareholders.
31-Oct-2016
(Official Notice)
Shareholders are advised that Hyprop?s integrated report and the group audited annual financial statements for the financial year ended 30 June 2016 are available with immediate effect, on the company?s website, www.hyprop.co.za and contain no changes to the summarised audited consolidated results for the year ended 30 June 2016, released on SENS on 2 September 2016, save for the change to the amount of the antecedent dividend included in the distributable earnings statement, referred to below. The unmodified auditors? opinion is available for inspection at the company?s registered office.



Update regarding distributable earnings statement

Subsequent to year-end, 5,2 million new Hyprop shares were issued at R135 per share. The issue of new shares after year- end but prior to the record date for the final distribution resulted in an antecedent dividend amounting to R16,7 million. In accordance with industry best practice, the antecedent dividend was added back in the calculation of distributable earnings for the year.



In the distributable earnings statement included in the summarised audited consolidated results published on 2 September 2016, the antecedent dividend was reflected as R32,1 million. The correct figure is R16,7 million. The higher number was calculated by applying the antecedent dividend per share to the full year dividend, while the more correct method for calculating the antecedent dividend calculates the amount based on the final dividend only.



The antecedent dividend is a theoretical amount, determined and disclosed only in terms of industry best practice. The above change therefore has no impact on the actual dividend paid for the year ended 30 June 2016 (either in total or per share), or on earnings per share or headline earnings per share. The change also has no impact on the IFRS compliant group or company annual financial statements.



Notice of AGM

Shareholders are advised that the notice of the annual general meeting of the company was dispatched to shareholders today, 31 October 2016. The company?s annual general meeting will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank, at 10:00 on Thursday, 1 December 2016. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 22 November 2016 and the record date for voting purposes is Friday, 25 November 2016.

26-Oct-2016
(Media Comment)
Business Day reported that Hyprop bought a 60% stake in the EUR92 million Skopje City Mall, its first investment in Macedonia. The purchase was made through Hystead, a British company co-owned by Hyprop and PDI Investment Holdings, from Balfin Finance of Amsterdam. Skopje City mall is the major mall in the Macedonian capital and the biggest in the country. Hyprop CEO Pieter Prinsloo said the company's objective was to own a top-end shopping centre portfolio in south eastern Europe.
02-Sep-2016
(Official Notice)
02-Sep-2016
(C)
Revenue for the year grew to R3.1 billion (2015: R2.7 billion). Operating income increased to R2.0 billion (2015: R1.8 billion). Total profit for the year attributable to shareholders of the company lowered to R2.8 billion (2015: R3.8 billion). Furthermore, headline earnings per share were recorded at 574.3 cents per share (2015: 543.7 cents per share).



Payment of dividend

All rental income earned by the company, less property expenses and interest on debt, is distributed to shareholders semi-annually. A dividend of 322.10 cents per share for the six months ended 30 June 2016 will be paid to shareholders.



Prospects

Hyprop expects dividend growth of approximately 10% for the full year to 30 June 2017. This guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market-related renewals;

*Appropriate allowances for vacancies have been incorporated into the forecast;

*No major corporate and tenant failures will occur; and

*Earnings from offshore investments will not be materially impacted by exchange rate volatility.



28-Jul-2016
(Official Notice)
Shareholders are advised that Hyprop has closed its book build announced earlier today, 28 July 2016.



In light of strong demand, the amount of capital raised was increased to R700 million at a price of R135.00 per share, representing a 4.2% premium to the 30 day VWAP.



Subject to approval by the JSE, listing and trading of the new shares is expected to commence at 09:00 on Monday, 8 August 2016.



Java Capital acted as sole bookrunner.
28-Jul-2016
(Official Notice)
Subject to pricing acceptable to Hyprop, the company proposes an equity raising of approximately R500 million (the ?equity raise?) through the issue of new Hyprop ordinary shares. The equity raise will be implemented through an accelerated book build process (the ?book build?). The book build is now open and the company reserves the right to close it at any time hereafter.



Pricing, allocations and the amount raised will be announced as soon as practicable following the closing of the book build. The equity raise will be completed under the company?s authority to issue shares for cash and thus only public shareholders (as defined within the JSE Listings Requirements) may participate in the equity raise. Hyprop is in a closed period pending the release of its annual results for the year ended 30 June 2016 on or about 2 September 2016. Hyprop confirms that the earnings guidance for the year ended 30 June 2016, issued on 3 March 2016, remains unchanged.
13-May-2016
(Official Notice)
Noteholders are advised of Moody?s Investor Services (?Moody?s?) recent decision to recalibrate the National Scale Rating (?NSR?s?) of 17 South African non-Financial corporates in conjunction with the recalibration of the South African national rating scale. In addition to the above, Moody?s has also assigned global scale ratings (GSR?s) to these issuers for the first time.



As a consequence to this methodology adjustment, Hyprop?s NSR Issuer Rating (local currency) has been repositioned from A3.za to Aa3.za and P-1.za from P-2.za.



In addition to the above, Moody?s has stated that ratings of P-3 and Baa3 have been newly assigned as local global scale ratings and are supported by the high quality retail portfolio which benefits from active management producing solid, recurring rental income, supported by low vacancies and well-positioned retail assets.



The ratings also incorporate relatively strong credit metrics as measured by total debt-to-gross assets and factor in Hyprop's conservative approach to development risk.



The principal methodology used in rating Hyprop was Global Rating Methodology for REITS and other Commercial Property Firms published in July 2010.



The detailed press release regarding this is available for viewing on the Moody?s website: https://www.moodys.com/research/Moodys-recalibrates-South-Africas- national-rating-scale-and-repositions-national--PR_348432
04-May-2016
(Official Notice)
Shareholders are advised that independent non-executive director, Louis van der Watt has resigned from the board of directors of Hyprop with immediate effect, due to a potential conflict of interest which has arisen.
04-Mar-2016
(Media Comment)
According to Business Report listed retail property company Hyprop envisages growing the size of its central and eastern Europe property portfolio to between six and eight shopping malls over the next five years. Hyprop last month took its first step towards expanding to emerging markets outside of Africa with the acquisition of a 60 percent interest in two shopping malls in Serbia and Montenegro.
03-Mar-2016
(Official Notice)
Holders are advised that Hyprop published its summarised unaudited consolidated interim results for the six months ended 31 December 2015 (?Interim Results?).



The interim results are available on the company?s website at the following link: http://www.hyprop.co.za/ir-interim-results.php



03-Mar-2016
(Official Notice)
03-Mar-2016
(C)
Revenue for the interim period increased to R1.479 billion (2014: R1.312 billion). Operating income rose to R978.1 million (2014: R865.6 million), while total profit for the period attributable to shareholders of the company jumped to R1.946 billion (2014: R1.311 billion). Furthermore, headline earnings per share strengthened to 392.2cps (2014: 253.9cps).



Dividend

A dividend of 297.8 cents per share for the six months ended 31 December 2015 will be paid to shareholders



Prospects

Notwithstanding difficult trading conditions in the South African and African environments, we expect dividend growth of between 13% and 15% for the 2016 financial year. This is an upward revision to the guidance provided in August 2015 of approximately 10%. The increase is largely due to the inclusion of income from Ikeja City Mall and the two Delta City Malls for the first time.



This guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market-related renewals.

* Appropriate allowances for vacancies have been incorporated into the forecast.

*No major corporate and tenant failures will occur.



The forecast has not been reviewed or reported on by the company's auditors.
09-Feb-2016
(Official Notice)
11-Dec-2015
(Official Notice)
Shareholders are advised that the company has entered into a share repurchase programme for the purpose of hedging shares allocated in terms of the Hyprop Conditional Unit Plan. The repurchase programme will extend from the date of this announcement to 30 June 2016, which period will include a prohibited period in respect of the publication of the company's interim financial results for the 6 months ending 31 December 2015, which are expected to be released on or about 3 March 2016.



In terms of the share repurchase programme, up to 145 000 Hyprop shares will be repurchased at a price not greater than 10% above the volume weighted average trading price of Hyprop shares on the JSE over the 5 business days immediately preceding any particular repurchase.



Any repurchases effected under the share repurchase programme will be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company's annual general meeting held on 30 November 2015 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act, 71 of 2008, as amended.



30-Nov-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Monday, 30 November 2015 (in terms of the notice of annual general meeting dispatched to shareholders on 29 October 2015), all of the resolutions tabled thereat were passed by the requisite majority of Hyprop shareholders.
18-Nov-2015
(Media Comment)
Business Day reported that Hyprop and Attacq have jointly acquired Ikeja City Mall, the biggest shopping centre in Lagos. This is Hyprop's first investment in Nigeria spending approximately USD68 million for its 75% stake whilst Attacq has paid USD23 million for its remaining 25% stake. Hyprop has also expended in shopping centres in Ghana and Zambia through joint ventures with Atterbury and Attacq.
17-Nov-2015
(Official Notice)
Notice is hereby given to Hyprop shareholders in terms of the provisions of section 45(5) of the Companies Act, 2008 (the "Act") that the board of directors of Hyprop ("the Board") has adopted a resolution to provide financial assistance to its wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. ("Hyprop Mauritius") for a loan facility amounting to USD70 million ("the Facility").



Hyprop has furnished an indemnity for the obligations of Hyprop Mauritius in respect of the Facility, including the provision of first covering mortgage bonds over certain of Hyprop's immovable properties. The Facility will be utilised for the acquisition of a 75% interest in Ikeja City Mall, in Lagos, Nigeria. The financial assistance has been granted pursuant to the authority granted to the Board by Hyprop shareholders at the annual general meeting of Hyprop held on 25 November 2014.



In terms of section 45(3) (b) of the Act, the Board is satisfied that:

*immediately after the provision of the financial assistance, the Company will satisfy the solvency and liquidity test set out in section 4 of the Act; and

*the terms under which the financial assistance is proposed to be given are fair and reasonable to Hyprop.
29-Oct-2015
(Official Notice)
Shareholders are advised that Hyprop?s integrated report and the audited annual financial statements for the financial year ended 30 June 2015 are available with immediate effect, on the company?s website, www.hyprop.co.za and contain no changes to the summarised audited consolidated results for the year ended 30 June 2015, released on SENS on 1 September 2015. The unmodified auditors? opinion is available for inspection at the company?s registered office.



The notice of the annual general meeting of the company was dispatched to shareholders today, 29 October 2015.



The company?s annual general meeting will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank, at 10:00 on Monday, 30 November 2015.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 13 November 2015 and the record date for voting purposes is Friday, 20 November 2015.
16-Oct-2015
(Official Notice)
Holders are advised that Hyprop published its summarised audited consolidated results for the year ended 30 June 2015 (?Annual Results?) on 1 September 2015.



The Interim Results are available on the company?s website at the following link http://www.hyprop.co.za/ir-annual-results.php
01-Sep-2015
(Official Notice)
01-Sep-2015
(C)
Revenue increased to R2.7 billion (R2.5 billion). Operating income rose to R1.8 billion (R1.6 billion). Net attributable income increased to R3.8 billion (R1.9 billion). In addition, the headline earnings per share amounted to 543.7cps (504.0cps).



Dividend

Hyprop has declared a dividend of 280,3 cents per share for the six months ended 30 June 2015, an increase of 16,3% on the corresponding period in 2014. The total distribution for the year of 543 cents per share is an increase of 15,0% on the prior year.



Prospects

Hyprop?s focus remains to invest in high-quality shopping centres. Due to limited acquisition opportunities in South Africa, consideration will be given to investments in other emerging markets where existing assets can be acquired at attractive yields or where development opportunities exist.



Hyprop expects dividend growth of approximately 10% for the full year to 30 June 2016. This guidance is based on the following key assumptions:

*Forecast investment property income is based on contractual rental escalations and market-related renewals.

*Appropriate allowances for vacancies have been incorporated into the forecast.

*No major corporate and tenant failures will occur.
12-Aug-2015
(Official Notice)
Notice is hereby given to Hyprop shareholders in terms of the provisions of section 45(5) of the Companies Act, 2008 (the ?Act?) that the board of directors of Hyprop (?the Board?) has adopted a resolution to provide financial assistance to its wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. (?Hyprop Mauritius?) for a loan facility amounting to USD50 million (?the Facility?).



Hyprop has furnished an indemnity for the obligations of Hyprop Mauritius in respect of the Facility, including the provision of first covering mortgage bonds over certain of Hyprop?s immovable properties. The Facility will be utilised over the next two years to fund ongoing development activity in sub-Saharan Africa (excluding SA).



The financial assistance has been granted pursuant to the authority granted to the Board by Hyprop shareholders at the annual general meeting of Hyprop held on 25 November 2014.

In terms of section 45(3) (b) of the Act, the Board is satisfied that:

*immediately after the provision of the financial assistance, the Company will satisfy the solvency and liquidity test set out in section 4 of the Act; and

*the terms under which the financial assistance is proposed to be given are fair and reasonable to Hyprop.
22-Jun-2015
(Official Notice)
Shareholders are advised that the company has entered into share repurchase programme for the purpose of hedging shares allocated in terms of the Hyprop Conditional Unit Plan. The repurchase programme will extend from the date of this announcement to the date of the company?s annual general meeting for the year ending 30 June 2015, which period will include a prohibited period in respect of the publication of the company?s annual financial results for the 12 months ending 30 June 2015, which are expected to be released on or about 31 August 2015.



In terms of the share repurchase programme, up to 112 000 Hyprop shares will be repurchased at a price not greater than 10% above the volume weighted average trading price of Hyprop shares on the JSE over the 5 business days immediately preceding any particular repurchase. Any repurchases effected under the share repurchase programme will be in accordance with the general authority granted by special resolution of the company?s shareholders passed at the company?s annual general meeting held on 25 November 2014 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act, 71 of 2008, as amended.
09-Mar-2015
(Official Notice)
Holders are advised that Hyprop published its summarised unaudited consolidated interim results for the six months ended 31 December 2014 (?Interim Results?) on 23 February 2014.



The Interim Results are available on the Company?s website at the following link http://www.hyprop.co.za/ir-interim- results.php.
23-Feb-2015
(Official Notice)
23-Feb-2015
(C)
Revenue for the interim period increased to R1.312 billion (2013: R1.171 billion). Operating income rose to R865.6 million (2013: R773.4 million), while total profit for the period attributable to shareholders of the company jumped to R1.311 billion (2013: R855.3 million). Furthermore, headline earnings per share weakened slightly to 253.9cps (2013: 257.1cps).



Dividend

A dividend of 262.7cps for the six months ended 31 December 2014 will be paid to shareholders



Prospects

Hyprop expects dividend growth of between 12% and 15% for the full year to 30 June 2015. This is an upward revision from the guidance provided in August 2014 of between 10% and 12%. The guidance is based on the following key assumptions:

* forecast investment property income is based on contractual rental escalations and market-related renewals;

* appropriate allowances for vacancies have been incorporated into the forecast; and

* no major corporate and tenant failures will occur.
25-Nov-2014
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 25 November 2014 (in terms of the notice of annual general meeting dispatched to shareholders on Friday, 24 October 2014), all of the resolutions tabled thereat were passed by the requisite majority of Hyprop shareholders.
24-Oct-2014
(Official Notice)
Shareholders are referred to the announcement released on 14 October 2014 wherein the company advised that the notice of annual general meeting (the notice) would be dispatched to shareholders today, Friday, 24 October 2014. However, due to the ongoing postal strike, delays are expected in receiving the notice of annual general meeting and accordingly, shareholders are encouraged to view the notice on the company?s website, www.hyprop.co.za or request a copy directly from the company on +27 11 447 0090 or at 2nd Floor, 21 Cradock Avenue, Cradock Heights, Rosebank, 2196.

14-Oct-2014
(Official Notice)
Shareholders are advised that Hyprop?s integrated report including the audited financial statements for the financial year ended 30 June 2014 is available with immediate effect, on the company?s website, www.hyprop.co.za and contains no changes to the summarised audited consolidated results for the year ended 30 June 2014, released on SENS on 29 August 2014.



The notice of annual general meeting to be held at 10:00 on Tuesday, 25 November 2014, at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank, will be dispatched to shareholders on Friday, 24 October 2014. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 7 November 2014 and the record date for voting purposes is Friday, 14 November 2014.

29-Aug-2014
(Official Notice)
29-Aug-2014
(C)
Revenue increased to R2.5 billion (R2.2 billion). Operating income rose to R1.6 billion (R1.5 billion). Net attributable income slumped to R1.9 billion (R4.7 billion). In addition, the headline earnings per combined unit amounted to 504cpu (850.4cpu).



Distribution

A dividend of 241 cents per share for the six months ended 30 June 2014 will be paid to shareholders.



Prospects

Hyprop expects dividend growth of between 10% and 12% for the full year to 30 June 2015. The guidance is based on the following key assumptions:

*forecast investment property income is based on contractual rental escalations and market related renewals;

*appropriate allowances for vacancies have been incorporated into the forecast; and

*no major corporate and tenant failures will occur.
22-Aug-2014
(Official Notice)
Notice is hereby given to Hyprop shareholders, as required in terms of section 45(5)(a) of the Companies Act, 2008 ("the Act") that the board of directors of Hyprop ("the Board") in terms of a resolution dated 19 August 2014, authorised the company to provide a guarantee (the "financial assistance") on behalf of its wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. ("Hyprop Mauritius") in respect of a bank loan of USD100 million raised by Hyprop Mauritius, the proceeds of which are to be utilised by Hyprop Mauritius to:

* facilitate the restructure of Hyprop?s investment in African Land Ltd.;

* advance shareholder loan funding to Atterbury Africa Ltd. for ongoing development activity in Sub-Saharan Africa, excluding South Africa.



The financial assistance has been granted pursuant to the authority granted to the Board by Hyprop shareholders at the annual general meeting of Hyprop held on 5 December 2013. In terms of section 45(3)(b) of the Act, the Board is satisfied that:

* immediately after the provisions of the financial assistance, the company would satisfy the solvency and liquidity test set out in section 4 of the Act; and

* the terms under which the financial assistance is proposed to be given are fair and reasonable to Hyprop.
01-Aug-2014
(Official Notice)
15-Jul-2014
(Official Notice)
Combined unitholders are referred to the announcement released on SENS on 6 June 2014 wherein combined unitholders were advised that Hyprop posted a circular to combined unitholders (the "circular") relating to:

* the conversion of the company's current combined unit capital structure to an all share structure by:

* the delinking of each Hyprop ordinary share from a Hyprop debenture so as to no longer constitute a combined unit;

* the cancellation of each debenture and concomitant waiver, for no consideration, by the debenture holders of their right to be repaid the debt reflected in each debenture;

* the capitalisation of the value allocated to each debenture in the books of account of the company plus the amortised debenture premium included in non-distributable reserves, equating to the issue price of each debenture to Hyprop's stated capital account; and

* the termination of the Debenture Trust Deed, to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act (the "scheme");

* the amendment of Hyprop's Memorandum of Incorporation to reflect the change in Hyprop's capital structure;

* the amendment of Hyprop's Debenture Trust Deed to enable and give effect to the change in Hyprop's capital structure; and

* the subsequent termination of Hyprop's Debenture Trust Deed.



Combined unitholders are advised that:

* at the debenture holders' scheme meeting held on Tuesday, 15 July 2014, all resolutions required to be passed by Hyprop debenture holders to approve the transactions detailed above were passed by the requisite majority of debenture holders; and

* at the shareholders' general meeting held on Tuesday, 15 July 2014, all resolutions required to be passed by Hyprop shareholders to approve the transactions detailed above were passed by the requisite majority of shareholders.



The scheme remains subject to, inter alia:

* the issue of a compliance certificate by the Takeover Regulation Panel in terms of section 119(4) of the Companies Act in respect of the scheme; and

* the filing and registration of the special resolutions in respect of the transactions with the Companies and Intellectual Properties Commission.



A further announcement or announcements will be released regarding the fulfilment and/or waiver of the outstanding conditions precedent to the transaction at the appropriate time/s.
06-Jun-2014
(Official Notice)
03-Jun-2014
(Official Notice)
Combined unitholders were advised that following the acquisition of the business of Probity Business Services (Pty) Ltd. by Computershare Investor Services (Pty) Ltd. ("Computershare"), CIS Company Secretaries (Pty) Ltd., a subsidiary of Computershare, has been appointed as the company secretary of Hyprop with effect from 2 June 2014.
17-Mar-2014
(Official Notice)
Combined unitholders were referred to Hyprop's unaudited interim results announcement for the six months ended 31 December 2013, published on SENS on Friday, 21 February 2014, in which unitholders were notified of a distribution payment of 231 cents per Hyprop combined unit to be paid on Monday, 31 March 2014 ("the distribution"). Combined unitholders are further referred to the announcement published on SENS on 21 February 2014 in which Hyprop detailed the tax treatment of the distribution.



South African tax resident combined unitholders are again advised that the distribution must be included in their gross income and will not be exempt from income tax (in terms of the exclusion to the general dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act 58 of 1962) because the distribution is a dividend distributed by a REIT. The distribution will however be exempt from dividend withholding tax in the hands of South African tax resident combined unitholders provided that they have completed and returned the appropriate declaration to their Central Securities Depository Participant ("CSDP") or broker, as the case may be, in respect of uncertificated combined units or certificated combined units before the distribution is made.



Hyprop unitholders are advised to contact their CSDP or broker as a matter of urgency and in any event by no later than 28 March 2014 to arrange for the submission of the relevant exemption declaration (if such documents have not already been submitted) so as to avoid the CSDP withholding 15% of the distribution amount and remitting it to SARS on behalf of the unitholder.
21-Feb-2014
(Official Notice)
21-Feb-2014
(C)
Hyprop changed their year end from 31 December to 30 June, therefore there are no directly comparable figures. Revenue for the interim period ended 31 December 2013 came in at R1.2 billion, operating income was R773.4 million, while total profit for the period attributable to unitholders of the company was R855.3 million. Furthermore, headline earnings per combined unit came in at 257.1 cents per combined unit.



Distribution

A distribution 231 cents per combined unit for the six months ended 31 December 2013 was declared.



Prospects

Hyprop, with its large, quality assets, strong contractual lease escalations and sound balance sheet is well- positioned to withstand the impact of the challenging economic environment on consumer spend. The investment strategy into sub-Saharan Africa (excluding South Africa) has been enhanced with the acquisition of African Land. Hyprop will continue to invest in large, quality shopping centres, improve the tenant quality across the portfolio and dispose of non-core assets (subject to market conditions).



Taking into account the anticipated benefit from African Land for the rest of the financial year, and strong net income growth from the existing portfolio, Hyprop expects distribution growth of between 8.5% and 10.5% for the full year to 30 June 2014. This is an upward revision from the guidance provided in June 2013 of between 6.5% and 8.5%.



The growth in distributions is based on the following key assumptions:

* forecast investment property income is based on contractual rental escalations and market related renewals;

* appropriate allowances for vacancies have been incorporated into the forecast; and

* no major corporate failures will occur.
12-Dec-2013
(Official Notice)
Combined unitholders are advised that the company has entered into a combined unit repurchase programme for the purpose of hedging the initial allocation of combined units in the Hyprop Conditional Unit Plan.



The repurchase programme will extend from the date of this announcement to the date the company releases its annual financial results for the 12 months ending 30 June 2014, which is expected to be on or about 31 August 2014.



In terms of the combined unit repurchase programme, up to 153 659 Hyprop combined units will be repurchased at a price not greater than 10% above the volume weighted average trading price of Hyprop combined units on the JSE over the 5 business days immediately preceding any particular repurchase.



Any repurchases effected under the combined unit repurchase programme will be in accordance with the general authority granted by special resolution of the company?s shareholders passed at the company?s annual general meeting and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act, 71 of 2008, as amended.
05-Dec-2013
(Official Notice)
Combined unitholders are referred to the notice of annual general meeting (contained in the company?s integrated report issued on 5 November 2013) and to the announcement released on SENS on 27 November 2013 relating to an amendment to the new memorandum of incorporation to be proposed at the annual general meeting, and are advised that at the annual general meeting held on Thursday, 5 December 2013, all of the resolutions tabled thereat were approved by the requisite majority of Hyprop combined unitholders.
27-Nov-2013
(Official Notice)
27-Nov-2013
(Official Notice)
African Land previously announced that, in the context of its private placement and listing on the Johannesburg and Lusaka Stock Exchanges, it was in discussions with strategic investors that expressed an interest in subscribing for a significant stake in African Land. Following from these discussions, agreement has been reached (subject to conditions) in terms of which Hyprop and Attacq Ltd. will acquire 87% and 12.4% respectively of the issued shares in African Land, with the balance of 500 000 shares held by Kevin Teeroovengadum, African Land's CEO.



African Land will continue as a separate property entity with the view to growing its property portfolio by acquiring quality, predominantly retail properties in key sub-Saharan African jurisdictions outside South Africa. Hyprop and Attacq will provide African Land with capital to make suitable investments to meet its objectives. As a result, African Land will not proceed with listing on the JSE and LuSE. African Land will endeavour to provide Zambian investors with an opportunity to invest in Manda Hill Shopping Centre, and will engage with the Zambian authorities and investors in this regard.
11-Nov-2013
(Official Notice)
Hyprop unitholders are advised that pursuant to a financial assistance authority granted in terms of section 45 of the Companies Act, the company has provided a guarantee on behalf of a wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. ("Hyprop Mauritius"), for a loan of USD20 million, which Hyprop Mauritius has raised by way of a bank loan and which will in turn be advanced to Atterbury Africa as a shareholder loan (the "financial assistance"). In terms of section 45 of the Act, the board has satisfied itself that:

*the terms under which the financial assistance is to be given are fair and reasonable to Hyprop; and

*Hyprop meets the requirements of the "Solvency and Liquidity Test" as contemplated in section 4 of the Act.
11-Nov-2013
(Media Comment)
Business Report quoted chief executive Pieter Prinsloo saying that Hyprop is reaping the rewards of its energy-saving initiatives saving R877 000 by June this year. The company has already received rebates totalling R480 484 with over R200 000 outstanding. The fund has also embarked on water-saving initiatives during the six months to June, installing waterless urinals and using drought resistant landscaping.
05-Nov-2013
(Official Notice)
Unitholders were advised that the company's integrated report for the six months ended 30 June 2013, which follows on from the integrated report for the year ended 31 December 2012 necessitated by Hyprop's change in year end from 31 December to 30 June, incorporating the audited financial statements for the six months ended 30 June 2012, was dispatched on 5 November 2013, and contains no changes from the audited results which were released on SENS on 29 August 2013. The integrated report contains a notice of annual general meeting which will be held at 11h00 on Thursday, 5 December 2013 at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank.



The notice of annual general meeting includes special and ordinary resolutions including without limitation those resolutions required to approve the adoption of a new Memorandum of Incorporation of the company and to approve the adoption of the Hyprop Investments Ltd. Employee Incentive Scheme (the details of each of which are set out in the notice of annual general meeting). The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 22 November 2013 and the record date for voting purposes is Friday, 29 November 2013. The integrated annual report is also available on the company's website: www.hyprop.co.za.
01-Oct-2013
(Official Notice)
Unitholders are referred to the previous announcements published on SENS advising that Hyprop and Sycom Property Fund ("Sycom"), through its manager, Sycom Property Fund Managers Ltd. ("SPFM"), had concluded an agreement in terms of which Hyprop would acquire 100% of Somerset Mall Shopping Centre ("Somerset Mall") for R2.3 billion on the basis that the full purchase consideration would be settled by Hyprop transferring 81 500 000 Sycom units to SPFM ("the transaction").



Unitholders are advised that the transaction became unconditional on 1 October 2013. Hyprop has accordingly acquired registered and beneficial ownership of Somerset Mall and discharged the purchase consideration through the transfer of 81 500 000 Sycom units to SPFM.
29-Aug-2013
(C)
Hyprop changed year end from December to June going forward. Revenue remained stable at R1.1 billion (R1.1 billion). Operating income rose to R724.5 million (R678.3 million). Net attributable income soared to R3.7 billion (R85.3 million). In addition, the headline earnings per combined unit amounted to 395.5cpu (headline loss of 11.2cpu).



Distribution

A interim distribution of 213c per combined unit was declared.



Prospects

Hyprop?s large, quality assets with strong contractual escalations and operational efficiencies are defensive qualities for a property portfolio in a difficult South African economy. Hyprop will continue to focus on growing its assets with acquisitions of dominant shopping centres, as with Somerset Mall, while looking for yield enhancing expansions of existing centres and further shopping centre developments in the rest of Africa. Taking into account the short-term dilution due to the Rosebank Mall redevelopment, Hyprop expects to show distribution growth of between 6,5% and 8,5% for the year ending 30 June 2014.



The growth in distributions is based on the following key assumptions:

* forecast investment property income is based on contractual rental escalations and market related renewals; and

*appropriate allowances for vacancies have been incorporated into the forecast.



The forecast has not been reviewed or reported on by the company?s auditors.



29-Jul-2013
(Official Notice)
Unitholders are referred to the previous announcements published on SENS advising that Hyprop and Sycom Property Fund ("Sycom"), through its manager, Sycom Property Fund Managers Ltd. ("SPFM"), had concluded an agreement in terms of which Hyprop will acquire 100% of Somerset Mall Shopping Centre in the Western Cape ("Somerset Mall") for R2.3 billion. The purchase price will be settled by Hyprop transferring 81 500 000 Sycom units to SPFM.



Unitholders are advised that the Competition Authorities have approved the transaction. The transaction will be unconditional on transfer of the remaining 50% of Somerset Mall to Sycom. This is anticipated to occur in the next few months. Unitholders will be kept abreast of progress.
17-Jul-2013
(Media Comment)
Business Day highlighted the JSE-listed Hyprop Investments isone step closer to acquiring the Somerset Mall in the Western Cape, which would be one of the most significant retail transactions in the local commercial property market over the past year. Blue-chip retail transactions have become a rarity, with property players looking to hold on to their in-demand assets. Subject to various conditions, Hyprop will acquire 100% of the mall for R2.3 billion from Sycom Property Fund.
16-Jul-2013
(Official Notice)
Unitholders are referred to the announcement dated 28 March 2013. The announcement advised that Hyprop and Sycom Property Fund ("Sycom"), through its manager, Sycom Property Fund Managers Ltd. ("SPFM"), had concluded an agreement in terms of which Hyprop will acquire 100% of Somerset Mall Shopping Centre in the Western Cape ("Somerset Mall") for R2.3 billion. The purchase price will be settled by Hyprop transferring 81 500 000 Sycom units to SPFM. At the general meeting of Sycom unitholders, all Sycom unitholder approvals required for the transaction were obtained.



The transaction remains subject to:

* unconditional approval by the Competition Authorities; and

* transfer of the remaining 50% of Somerset Mall to Sycom.



Unitholders will be kept abreast of progress.
01-Jul-2013
(Official Notice)
Hyprop announced the passing of Les Weil on 28 June 2013. Les served as a non-executive director on the board of Hyprop.
27-Jun-2013
(Official Notice)
Combined unitholders are advised that, at the annual general meeting of shareholders and debenture holders of Hyprop held on Thursday, 27 June 2013, all of the resolutions tabled thereat were approved by the requisite majority of Hyprop shareholders and debenture holders, other than ordinary resolution number 11 to approve the adoption of the Hyprop Conditional Unit Plan and special resolution number 1 in respect of the allotment and issue of combined units to executive directors and prescribed officers pursuant to the Hyprop . Conditional Unit Plan, which were withdrawn prior to the meeting.
25-Jun-2013
(Official Notice)
Combined unitholders were advised that Hyprop's application for Real Estate Investment Trust ("REIT") status has been approved by the JSE Ltd. Hyprop has been granted REIT status with effect from the commencement of its next financial year, being 1 July 2013.
29-May-2013
(Official Notice)
Combined unitholders were advised of the following changes to the board of directors of Hyprop ("the board"):

*as disclosed in the Hyprop 2012 Integrated Report, the current Chairman, Michael Aitken, will retire from the board at the annual general meeting of the company on 27 June 2013 ("the AGM");

*Gavin Tipper, an independent non-executive director, will be appointed as Chairman of the board in his stead.

*Ethan Dube, an independent non-executive director, will replace Gavin Tipper as Chairman of the combined Remuneration and Nomination Committee;

*Marc Wainer, a non-executive director, and Jabulane Mabuza, an independent non-executive director, will retire from the board.



All of the above changes to the board will be effective following the AGM on 27 June 2013.



15-May-2013
(Official Notice)
Unitholders are advised that Hyprop's annual report, incorporating the audited financial statements for the year ended 31 December 2012, was dispatched today (to unitholders recorded in the Hyprop register on Friday, 10 May 2013) and contains no material changes from the audited results released on SENS on 28 February 2013. The annual report is also available on the company's website - www.hyprop.co.za.



Dispatched together with Hyprop's annual report is the notice of combined annual general meeting of shareholders and debenture holders, which will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank on Thursday, 27 June 2013 at 10h00.
13-May-2013
(Permanent)
Hyprop's year-end has changed from 2013 onwards from December each year to June each year.
13-May-2013
(Official Notice)
In order to facilitate Hyprop's conversion to a Real Estate Investment Trust (REIT), Hyprop's financial year-end will change from 31 December to 30 June. The change will be effective from 30 June 2013 and will not affect Hyprop's distribution periods, which will continue to be for the six month periods ending 30 June and 31 December. To comply with paragraph 3.15 of the Listings Requirements of the JSE Ltd., Hyprop will publish:

*abridged audited results for the six months ending 30 June 2013 within three months of 30 June 2013; and

*an integrated annual report and notice of annual general meeting (including audited financial statements for the six months ending 30 June 2013) within six months of 30 June 2013.
09-May-2013
(Official Notice)
Hyprop has successfully disposed of its 11 189 543 Sycom Property Fund renounceable (nil paid) letters of allocation pursuant to the placement process announced this morning. The placement is accordingly closed.
09-May-2013
(Official Notice)
Subject to pricing acceptable to Hyprop, Hyprop proposed the sale of the 11 189 543 Sycom Property Fund renounceable (nil paid) letters of allocation that it holds in accordance with the Sycom rights offer circular issued on 29 April 2013.



The placement will be offered to selected investors by Java Capital, acting as sole bookrunner.
02-May-2013
(Official Notice)
As previously announced, Hyprop has entered into an agreement with the Atterbury Group as a co-investor in a Mauritian based property investment company, Atterbury Africa Ltd. ("Atterbury Africa"). Hyprop's initial shareholding in Atterbury Africa is 37.5% with a commitment to invest R750 million in the fund over the next five years. Atterbury Africa's primary strategy is to develop and own quality shopping centres in Africa. Hyprop has received exchange control approval for its investment in Atterbury Africa.



At the annual general meeting of Hyprop, held on Wednesday, 20 June 2012, unitholders authorised by way of a special resolution, the provision of direct or indirect financial assistance to related or interrelated companies, as contemplated in terms of section 45 of the Companies Act 2008 (the "Act").



Hyprop unitholders are advised that pursuant to such financial assistance authority the company has provided a guarantee on behalf of a wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. ("Hyprop Mauritius"), for a loan of USD30 million, which Hyprop Mauritius has raised by way of a bank loan and which will in turn be advanced to Atterbury Africa as a shareholder loan (the "financial assistance").



In terms of section 45 of the Act, the board has satisfied itself that:

*the terms under which the financial assistance is to be given are fair and reasonable to Hyprop; and that

*Hyprop meets the requirements of the "Solvency and Liquidity Test" as contemplated in section 4 of the Act.
03-Apr-2013
(Media Comment)
Business Day highlighted that Hyprop, the listed retail property fund, has acquired the Somerset Mall for R2.3 billion from Sycom Property Fund in a transaction that clears the way for Hyprop to exit from its investment in Sycom. The successful conclusion of the acquisition will also result in the withdrawal by Hyprop of legal proceedings in South Gauteng High court against Sycom, Sycom Property Fund Managers, and the JSE over the disputed general issue of Sycom units for cash. Pieter Prinsloo, chief executive of Hyprop, said the fund was not only pleased to have acquired a high quality regional shopping centre but also provided the fund with the opportunity to convert an indirect investment into a direct property asset.
28-Mar-2013
(Official Notice)
Unitholders are no longer required to exercise caution when dealing in their Hyprop combined units.
28-Mar-2013
(Official Notice)
25-Mar-2013
(Official Notice)
Unitholders are advised that Hyprop and Sycom Property Fund (Sycom), through its manager Sycom Property Fund Managers Limited, are engaged in discussions regarding Hyprop's investment in Sycom. Any agreement resulting from these discussions would involve the current litigation being withdrawn on the basis of a mutually acceptable settlement being reached. In light of the above, unitholders are advised to exercise caution in dealing in their Hyprop units until a further announcement is made.
28-Feb-2013
(C)
Revenue for the year ended December 2012 increased to R2.2 billion (2011: R1.6 billion). Operating income rose to R1.4 billion (2011: R1 billion), while headline earnings amounted to R1.1 billion (2011: R780.3 million). Furthermore, headline earnings per combined unit increased to 445.2cps (2011: 406.3cps).



Distribution

Hyprop has declared a distribution of 211 cents per combined unit for the year ended 31 December 2012.



Prospects

Hyprop will continue to focus on growing assets through acquisitions and the expansion of existing centres to meet tenant demand. Investment in dominant shopping centres, both locally and elsewhere in Africa, will remain the primary objective. Given the right opportunities, the company will continue to dispose of non-core assets. Taking into account the short-term dilution due to the Rosebank Mall redevelopment, Hyprop expects to show distribution growth of between 5% and 7% for 2013.



The growth in distributions is based on the following key assumptions:

*forecast investment property income is based on contractual rental escalations and market related renewals; and

*appropriate allowances for vacancies have been incorporated into the forecast.



This forecast has not been reviewed or reported on by the company's auditors
04-Dec-2012
(Official Notice)
As previously announced, Hyprop has entered into an agreement with the Atterbury Group as a co-investor in a Mauritian based property investment company, Atterbury Africa Ltd. ("Atterbury Africa"). Hyprop's initial shareholding in Atterbury Africa is 37.5% with a commitment to invest R750 million in the fund over the next five years. Atterbury Africa's primary strategy is to develop and own quality shopping centres in Africa. Hyprop has received exchange control approval for its investment in Atterbury Africa.



At the annual general meeting of Hyprop, held on Wednesday, 20 June 2012, unitholders authorised by way of a special resolution, the provision of direct or indirect financial assistance to related or interrelated companies, as contemplated in terms of section 45 of the Companies Act 2008 (the "Act"). Hyprop unitholders are advised that pursuant to such authority the company has provided security on behalf of a wholly-owned subsidiary, Hyprop Investments Mauritius Ltd. ("Hyprop Mauritius"), for a loan of USD40 million (the "loan"), which Hyprop Mauritius has raised by way of a bank loan and which will in turn be advanced to Atterbury Africa as a shareholder loan (the "financial assistance").



In terms of section 45 of the Act, the board has satisfied itself that:

* the terms under which the financial assistance is to be given are fair and reasonable to Hyprop; and that

* Hyprop meets the requirements of the "Solvency and Liquidity Test" as contemplated in section 4 of the Act.
05-Sep-2012
(Official Notice)
Unit holders are advised that the company has received notification from:

*Redefine Properties Ltd of the disposal by Redefine of 25 551 273 Hyprop combined units to its wholly owned subsidiary Paxospot (Pty) Ltd (, such that Redefine?s total beneficial interest in Hyprop is now 20.73% of Hyprop's issued combined units;

*Redefine Retail of the acquisition by Redefine Retail of 25 551 273 Hyprop combined units from its holding company, Redefine, such that Redefine Retail?s total beneficial interest in Hyprop is now 10.5% of Hyprop's issued combined units.
03-Sep-2012
(Media Comment)
According to Business Day, Hyprop said the R920 million redevelopment and extension of Rosebank Mall is the company's largest development so far. The mall will nearly double in size to 62 000 square metres in size. Upon completion, Rosebank mall will showcase 160 stores to lead the retail sector in the busy and increasingly expanding Rosebank node. Hyprop CEO Pieter Prinsloo said a number of local and international brands were already acquired.
23-Aug-2012
(C)
Revenue increased to R1.1 billion (R563.9 million). Operating income rose to R678.3 million (R358.8 million). Net attributable income declined to R85.3 million (R297.4 million). In addition, the headline loss per combined unit amounted to 11.2c (earnings of 175.6cpu).



Distribution

A interim distribution of 198c per combined unit was declared.



Outlook

Key focus in the year ahead will be on the re-development of Rosebank Mall, smaller expansion projects at other existing shopping centres, as well as its investment into Africa, through Atterbury Africa. Hyprop will also continue to dispose of non-core assets.



Taking into account the once-off benefit in the second half of 2011 relating to the repurchase of 15 million Attfund Retail consideration units, Hyprop anticipates distribution growth for the full year ending December 2012 of between 5% and 7%.
11-Jul-2012
(Official Notice)
Notice was given that the Programme Memorandum dated 19 June 2012 issued by Hyprop in respect of its R5 000 000 000 Domestic Medium Term Note Programme has been amended. In addition, the blacklined version of the amended Programme Memorandum may be viewed on the Johannesburg Stock Exchanges website at http://www.jse.co.za and the issuers website at http://www.hyprop.co.za.
21-Jun-2012
(Official Notice)
Unitholders were advised of the appointment, with immediate effect, of Mr Jabulane (Jabu) Albert Mabuza as an independent non-executive director to the board of directors of Hyprop.



Following Mr Mabuza's appointment, 50% of the non-executive directors on the Hyprop board will be categorised as independent.
20-Jun-2012
(Official Notice)
Combined unit holders were advised that at the annual general meeting of shareholders and debenture holders of Hyprop on 20 June 2012 all resolutions were passed by the requisite majority, other than special resolution number 1 in respect of combined unit repurchases and ordinary resolutions number 7 and 8 in respect of unissued combined units and the issue of combined units for cash which were withdrawn prior to the meeting.
22-May-2012
(Official Notice)
Unitholders are advised that Hyprop's annual report, incorporating the audited financial statements for the year ended 31 December 2011, was dispatched (to unitholders recorded in the Hyprop register on Friday, 11 May 2012) and contains no material changes from the audited results read together with the announcement correcting those audited results, each of which were published on SENS on 29 February 2012. The annual report is also available on the company's website - www.hyprop.co.za. The annual report contains a notice of annual general meeting of Hyprop shareholders and debenture holders, which will be held at the offices of Hyprop, 2nd Floor, Cradock Heights, 21 Cradock Avenue, Rosebank on Wednesday, 20 June 2012 at 11:00.
08-May-2012
(Official Notice)
Hyprop unitholders are referred to the announcement released on SENS on 5 April 2012 and the notice of general meeting posted to shareholders and debenture holders on the same day, including a form of proxy, relating to the proposed disposal of Hyprop's 50% undivided share in the Southcoast Mall including Hyprop's 50% undivided share in the related immovable property to Redefine Properties Ltd. ("the disposal").



Hyprop unitholders are advised that at the general meeting of shareholders and debenture holders of Hyprop held on Tuesday, 8 May 2012, all of the resolutions required to implement the disposal were approved by the requisite majorities. The disposal remains conditional upon approval by the Competition Authorities, which approval shall be announced on SENS upon Hyprop receiving same.
05-Apr-2012
(Official Notice)
Hyprop unitholders are referred to the SENS announcement dated 5 March 2012 and are advised that Hyprop has posted a circular dated 5 April 2012 ("the circular") to its unitholders relating to the proposed disposal of Hyprop's 50% undivided share in the Southcoast Mall including Hyprop's 50% undivided share in the related immovable property to Redefine Properties Ltd. ("the disposal"). Unitholders are advised that the circular includes, inter alia, a notice of general meeting of Hyprop shareholders and debenture holders to be held at the registered office of Hyprop, 2nd Floor, 21 Cradock Avenue, Cradock Heights, Rosebank, Johannesburg at 10h00 on Tuesday, 8 May 2012 ("the general meeting") to consider and, if deemed fit, pass the resolutions stated in the notice of general meeting forming part of the circular and necessary to implement the disposal.



The following sets out the salient dates and times in relation to the general meeting.

*Record date for receipt of notice of the general meeting -- Friday, 30 March 2012

*Circular posted to Hyprop unitholders -- Thursday, 5 April

*Last day to trade in order to be eligible to vote at the general meeting -- Thursday, 19 April 2012

*Record date for voting at the general meeting -- Thursday, 26 April 2012

*Completed forms of proxy for the general meeting to be received by no later than 10h00 on -- Monday, 7 May 2012

*General meeting of Hyprop shareholders and debenture holders held at 10h00 -- Tuesday, 8 May 2012

*Results of general meeting published on SENS -- Tuesday, 8 May 2012

*Results of general meeting published in the press -- Wednesday, 9 May
09-Mar-2012
(Official Notice)
Unitholders are advised of the appointment with immediate effect, of Gavin Robert Tipper as an independent non-executive director to the board of Hyprop. He will also serve on the company's Audit Committee.

05-Mar-2012
(Official Notice)
Hyprop unitholders are advised that on 2 March 2012 Hyprop and Redefine Properties Ltd. ("Redefine") entered into an agreement in terms of which Hyprop has disposed of its 50% undivided share in Southcoast Mall ("the disposal") to Redefine.



As previously communicated to unitholders, Hyprop's strategy is to focus on its core portfolio of premium, sizeable shopping centres, including the disposal of non-core assets and smaller underperforming properties. As part of this strategy Hyprop identified its 50% interest in Southcoast Mall (which it co-owns with Redefine) as an asset for disposal. Towards the end of 2011,a process to dispose of Southcoast Mall was embarked upon and a third party purchaser identified and the principal terms agreed. Redefine then elected that, instead of Hyprop disposing of its interest in Southcoast Mall to the third party purchaser, Redefine would exercise its pre-emptive right to acquire Hyprop's undivided share on the same terms and at the same price.



Terms of the disposal

Hyprop has, subject to the fulfilment of the conditions precedent set out below, sold its 50% undivided share in Southcoast Mall, together with its 50% undivided share in the related immovable property ("the property") for an amount of R108 500 000 ("the purchase price") with effect from the date of transfer of Hyprop's 50% undivided share in the property (the "effective date"). The purchase price shall be increased by an amount equivalent to 0.0219% in respect of each calendar day by which the effective date is delayed beyond 30 April 2012. The purchase price, together with any such increase, shall be discharged in cash on the effective date. The purchase price will be used by Hyprop to discharge debt. In the event the effective date does not occur before 31 December 2012, either party shall be entitled to cancel the agreement on written notice to the other party.



Conditions precedent

The disposal is subject to the following conditions precedent:

* the securing, to the extent necessary, of all approvals and consents required from the Competition Authorities by no later than 30 April 2012; and

* the requisite majority of Hyprop unitholders approving the disposal at a meeting of unitholders called for this purpose by no later than 30 April 2012.

The date for fulfilment of the conditions precedent may be extended by mutual agreement between the parties.
01-Mar-2012
(Media Comment)
According to Business Report, Hyprop is considering spreading its wings offshore. Pieter Prinsloo, Hyprop's chief executive, said it planned to continue investing in high quality, sizeable shopping centres. The Attfund Retail acquisition resulted in the value of Hyprop's portfolio increasing by 76% in total assets to R20.2 billion and its market cap rising 37% to R12.9 billion.
29-Feb-2012
(Official Notice)
Unitholders are referred to the audited results announcement released on SENS this morning (Wednesday, 29 February 2012) and are advised of the following corrections to the audited results:

* Hyprop's RMB bridge loan facility, which is repayable within the next twelve months, was reflected in long-term loans and should have been included in short-term loans. The balance of this facility as at 31 December 2011 was R447.3 million. The effect of this reallocation on Hyprop`s statement of financial position as at 31 December 2011 is that long-term loans reduce from R 4.64 billion to R 4.19 billion and short-term loans increase from R 900 million to R 1.35 billion. The reallocation has no impact on Hyprop's net asset value per combined unit and the audited results posted to unitholders will reflect the correct classification; and

*Under the heading "PAYMENT OF DEBENTURE INTEREST" it was stated that Distribution 49 for the four months ended 31 December 2011 will be 138 cents per combined unit. This is incorrect, Distribution 49 for the four months ended 31 December 2011 will in fact be 137 cents per combined unit, as stated elsewhere in the announcement.

29-Feb-2012
(C)
Revenue for the year ended December 2011 increased to R1.6 billion (2010: R1.1 billion). Operating income rose to R1 billion (2010: R711 million), while headline earnings amounted to R780.3 million (2010: R773.7 million). Furthermore, headline earnings per combined unit decreased to 406.3cps (2010: 465.8cps).



Distribution

Hyprop has declared a distribution of 138 cents per combined unit for the year ended 31 December 2011.



Prospects

The board will continue to focus on the disposal of non-core assets, the expansion and redevelopment of existing centres and improvement of operational efficiencies. Attention will also be given to alternative forms of finance to further reduce the overall cost of debt. Hyprop will continue to invest in high quality, sizable shopping centres. The board will consider investment in shopping centres elsewhere, including in the rest of Africa. Taking into account the implementation of the Attfund Retail acquisition and short term dilution due to higher gearing, Hyprop expects to show distribution growth of between 4% and 6% for 2012. This forecast has not been reviewed or reported on by the company's auditors.
29-Nov-2011
(Official Notice)
Combined unitholders are advised that with effect from 25 November 2011, David Rice has resigned as a non-executive director of Hyprop.
27-Oct-2011
(Official Notice)
Hyprop announced that it has successfully completed the placing (the "placing") of 15 million combined units at R53.00 per combined unit. The placing was carried out in connection with Hyprop's acquisition of Attfund Retail Ltd ("Attfund Retail").
26-Oct-2011
(Official Notice)
Hyprop Investments Ltd announces a placing (the "Placing") of up to 15.0 million combined units (the "Placing Units"). The Placing is being carried out in connection with Hyprop's acquisition of Attfund Retail Ltd ("Attfund Retail") pursuant to which Hyprop agreed to place or purchase up to 30.0 million of the 92.0 million consideration units received by the Attfund Retail shareholders in connection with the acquisition. On October 13, Hyprop announced the purchase of 15.0 million units at a price of R54.00 per unit. The Placing is being undertaken by way of an accelerated bookbuild to South African and offshore institutional investors only. Deutsche Bank AG, London Branch is acting as Sole International Bookrunner and Joint Local Bookrunner with Java Capital (Pty) Ltd in relation to the Placing.
13-Oct-2011
(Official Notice)
The agreement in terms of which Hyprop acquired 100% of the shares in Attfund Retail Ltd (the "acquisition agreement") made provisions for a vendor placement of up to 15 million of the 92 million consideration units (issued as Hyprop convertible instruments) to be undertaken within 45 days of the effective date of the acquisition, being 1 September 2011 and a further vendor placement of an additional 15 million placement units by 30 October 2011 (collectively the "placement units"). Pursuant to its contractual rights in terms of the acquisition agreement, Hyprop has elected to effectively repurchase 15 million of the placement units at a price of R54.00 per placement unit for a total consideration of R810 million. This will be funded by Hyprop out of its available debt facilities. The repurchase of the 15 million placement units will have no material impact on distributions paid to Hyprop unitholders for the period ending 31 December 2011. Subject to market conditions being conducive, the remaining 15 million placement units may be placed in the market during the period expiring 30 October 2011. These units remain subject to Hyprop's underwrite commitment in terms of which, if the units are not placed at a placement price of at least R54.00, Hyprop may elect to either make good the difference between the actual placement price of the placement units and R54.00 and/or to repurchase the relevant units at R54.00 per unit.
23-Sep-2011
(Official Notice)
Combined unitholders were referred to previous announcements relating to the acquisition by Hyprop of 100% of the shares in Attfund Retail Ltd with effect from 1 September 2011 (the "Attfund Retail acquisition"). As previously advised, Hyprop will pay combined unitholders a special distribution (the "special distribution") for the two month period from 1 July 2011 to 31 August 2011. The special distribution shall be an amount of 65 cents per Hyprop combined unit. The 92 million Hyprop convertible units issued as part of the consideration for the Attfund Retail acquisition will not participate in the special distribution but convert (the "conversion") into Hyprop combined units immediately after the record date for participation in the special distribution in the ratio of 1 Hyprop combined unit for every convertible instrument held. The salient dates for the special distribution and the conversion are detailed below:

*Last day to trade Hyprop combined units cum the special distribution -- Friday, 7 October 2011

*Last day to trade Hyprop convertible units -- Friday, 7 October 2011

*Hyprop combined units trade ex the special distribution -- Monday, 10 October 2011

*Hyprop convertible units suspended on the JSE trading system -- Monday, 10 October 2011

*Listing of new Hyprop combined units to be issued pursuant to the conversion -- Monday, 10 October 2011

*Record date for the special distribution -- Friday, 14 October 2011

*Record date for the conversion -- Friday, 14 October 2011

*Payment date for the special distribution -- Monday, 17 October 2011

*New Hyprop combined units issued on conversion of convertible units -- Monday, 17 October 2011



Unitholders may not dematerialise or rematerialise their combined units between Monday, 10 October 2011 and Friday, 14 October 2011, both days inclusive.
31-Aug-2011
(Official Notice)
Combined unitholders are referred to previous announcements related to the acquisition by Hyprop of 100% of the shares in Attfund Retail Ltd ("Attfund Retail"), for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities. As previously communicated, the effective date of the transaction is Thursday, 1 September, 2011 and accordingly the Hyprop consideration units ("the consideration units") shall be issued and listed with effect from that date. The 92 000 000 consideration units shall be issued as Hyprop convertible instruments and shall convert to Hyprop combined units after the record date for the Hyprop special distribution for the two month period ended 31 August 2011. The Hyprop convertible instruments shall trade under the Alpha code HYPC and ISIN number ZAE000158911 in the "Real Estate - Holdings and Development" sector on the main board of the JSE Ltd.
24-Aug-2011
(C)
Revenue for the six months to June 2011 improved to R563.9 million (R527.8 million) and net operating income increased to R295.1 million (R284.7 million). However, profit for the period declined to R262.1 million (R302.3 million), resulting in headline earnings per combined unit decreasing to 175.6cplu (241cplu).



Payment of debenture interest

Distribution 47 of 181 cents per combined unit for the six months ended 30 June 2011 has been declared.



Prospects

The Attfund Retail acquisition will strengthen Hyprop's position as the leading South African listed shopping centre fund, with a diverse, high quality portfolio of sizable shopping centres. Focus for the immediate future will be to extract value from the Attfund Retail acquisition. In line with Hyprop's strategy to focus on large, regional shopping centres, attention will also be given in the year ahead to the disposal of non- core assets.
15-Aug-2011
(Official Notice)
Combined unitholders are referred to previous announcements related to the acquisition by Hyprop of 100% of the shares in Attfund Retail Ltd ("Attfund Retail"), for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities. Combined unitholders are advised that all conditions precedent to the transaction have now been fulfilled and accordingly the effective date of the transaction will be Thursday, 1 September, 2011.

29-Jul-2011
(Official Notice)
Combined unitholders are referred to the previous announcements in respect of the proposed acquisition by Hyprop of 100% of the shares in Attfund Retail Limited ("Attfund Retail"), for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities (the "Hyprop acquisition"). Unitholders were advised in the Category 1 circular relating to the Hyprop acquisition ("the circular") that the transfer of Attfund Retail's 25% undivided share in Centurion Mall would trigger pre-emptive rights in favour of Fountainhead Property Trust ("Fountainhead").



Fountainhead indicated that they will exercise their pre-emptive rights in this regard and accordingly Hyprop has concluded an agreement with Fountainhead to dispose of Attfund Retail's 25% undivided share in Centurion Mall to Fountainhead (the "disposal"). The disposal is subject to and effective upon the effective date of the Hyprop acquisition. The disposal consideration is approximately R751.5 million plus any amount paid or incurred by Attfund Retail in respect of the Pick `n Pay extension at Centurion Mall. The disposal consideration will be settled in cash. The impact of the disposal on Attfund Retail`s forecast contained in the circular is not material.



The acquisition of Attfund Retail remains conditional upon, inter alia, the implementation of the Attfund Retail restructure, which has taken longer than anticipated due to delays in transferring certain of the properties to Attfund Retail. The fulfilment of the outstanding conditions is imminent and a further announcement will be made in due course.
29-Jun-2011
(Official Notice)
Combined unit holders were advised that at the annual general meetings of shareholders and debenture holders of Hyprop convened on Tuesday, 28 June 2011, all resolutions were passed by the requisite majority of shareholders and debenture holders save for:

* shareholder ordinary resolutions 6, 10 and 11; and

* debenture holder ordinary resolution 1 and special resolution 2 in respect of the reappointment of Roy McAlpine (who will retire from the board on 30 June 2011, as per the announcement released on SENS on 27 May 2011), the placing of unissued combined units under the control of the directors and the issue of combined units for cash, which were withdrawn prior to the meeting.
27-May-2011
(Official Notice)
Shareholders are advised that Hyprop's annual report, incorporating the audited financial statements for the year ended 31 December 2010, was dispatched today (to unitholders recorded in the Hyprop register on 25 March 2011) and contains no changes from the audited results which were published on SENS on 2 March 2011. The annual report is also available on the company's website - www.hyprop.co.za. The annual report contains a notice of AGM for Hyprop unitholders, which will be held at the offices of Hyprop, 3rd Floor, North Wing, Hyde Park Corner, Jan Smuts Avenue, on Tuesday, 28 June 2011 at 10h00. Having attained the age of 70, Roy McAlpine has informed the board of his intention to retire as an independent non-executive director of the company with effect from 30 June 2011.
13-May-2011
(Official Notice)
Combined unitholders are advised that at the general meeting of Hyprop shareholders and debenture holders held on 13 May 2011, all of the resolutions required to implement the Attfund Retail transaction were approved by the requisite majorities. The acquisition of Attfund Retail remains conditional upon, inter alia, the implementation of the Attfund Retail restructure.
05-May-2011
(Media Comment)
According to the Financial Mail, Hyprop's proposed buyout of Attfund Retail's R9 billion shopping centre portfolio appears to be less promising than initially thought. Catalyst Fund Managers' investment manager, Paul Duncan, noted that the twelve or so properties that comprise Attfund's portfolio are not all of equal quality. Duncan says that while Clearwater Mall and Woodlands Boulevard are quality assets, he believes that Hyprop is paying too much for Willowbridge Lifestyle Centre and questions the way the acquisition of Garden Route Mall is structured. However, most analysts agree that Hyprop shareholders will benefit from the Attfund deal in the long-run. The deal will give Hyprop access to six of South Africa's top 30 biggest regional centres, up from two previously.
21-Apr-2011
(Official Notice)
Combined unitholders are referred to the previous announcements related to and detailing the proposed offer (the "offer") to be made by Hyprop to acquire 100% of the shares in Femtoworx Ltd (in the process of being renamed Attfund Retail Ltd) ("Attfund Retail"), for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities.



The circulars relating to the offer, being a Hyprop Category 1 circular together with Hyprop's revised listing particulars will be posted to Hyprop combined unitholders today and are available on Hyprop's website at www.hyprop.co.za/content/investRelat/circulars.html.



The general meeting of the company is to be held at the offices of the company, being 3rd floor, North Wing, Hyde Park Shopping Centre, Jan Smuts Avenue, Sandton, Gauteng at 10h00 on Friday, 13 May 2011.

13-Apr-2011
(Official Notice)
Combined unitholders are referred to the previous announcements related to and detailing the proposed offer (the "offer") to be made by Hyprop to acquire 100% of the shares in Femtoworx Ltd (in the process of being renamed Attfund Retail Ltd) ("Attfund Retail"), for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities. This announcement sets out the forecast financial information in respect of Attfund Retail and financial effects as required in terms of the JSE Listing Requirements.



Attfund Retail's profit forecasts have been prepared for the 12 month periods ending 31 December 2011 and 31 December 2012. The forecasts have been prepared on the assumption that the effective date of the offer was 1 January 2011. The aggregate effective offer consideration of R8.986 billion (before taking into account the Attfund Retail debt) represents a forward yield of 7.37% based on the forecast pre-interest distributable income for the 12 months ending 31 December 2011.

The profit forecasts have been:

*prepared in accordance with Hyprop's accounting policies and in compliance with IFRS;

*reviewed by the independent reporting accountants whose report will be included in the circular to be posted to Hyprop combined unitholders in relation to the offer; and

*prepared on the assets of Attfund Retail which post implementation of the offer will be transferred to Hyprop.



Caution is no longer required to be exercised by Hyprop combined unitholders when dealing in their combined units. As previously announced the offer remains conditional upon, inter alia, Hyprop unitholder approval and the implementation of the Attfund Retail restructure.
08-Apr-2011
(Official Notice)
02-Mar-2011
(C)
Revenue for the year ended December 2010 increased to R1.1 billion (2009: R924 million). Operating income rose to R711 million (2009: R616 million), while distributable earnings improved to R593 million (2009: R545 million). Furthermore, headline earnings per combined unit continued the overall growth trend by rising to 425.6cps (2009: 340.2cps).



Distribution

Hyprop has declared a total distribution for the year of 357 cents per combined unit, an increase of 8.8% on the previous year. The final distribution of 183 cents reflects growth of 9.6% compared to the corresponding period in 2009.



Prospects

Trading conditions in the retail sector will remain difficult in 2011, despite a return to growth in the broader economy. Risks in the leisure industry, the underperformance of Sycom and the impact of increased utility charges on the overall cost of occupation for Hyprop tenants will also adversely affect earnings in the year ahead. Management focus during 2011 will be on organic growth in the existing portfolio, the redevelopment and extension of The Mall of Rosebank and the implementation of the Attfund Retail transaction, including the integration of the new properties and management.



Renewal of cautionary announcement

The financial effects of the Attfund Retail acquisition are still in the process of being finalised and will be published in due course. Unitholders are therefore advised to continue exercising caution when trading in Hyprop combined units until a further announcement is made.
21-Feb-2011
(Official Notice)
Combined unitholders are advised that Pieter Prinsloo (a former CEO of Hyprop) has been appointed as CEO of Hyprop, with effect from 1 May 2011.
15-Feb-2011
(Official Notice)
The board of directors of Hyprop ("the board") notified combined unitholders that the company's chief executive officer, Mike Rodel, will vacate his position after the annual results presentations in March 2011. The decision, which was mutual and amicable, was taken due to differences of opinion between Mike and the board on operational issues. An announcement in regard to a successor will be made in due course.
03-Feb-2011
(Official Notice)
Combined unitholders are referred to the announcements dated 6 December 2010 and 21 December 2010 in relation to the proposed acquisition of Attfund Retail and are advised that the forecast financial information together with the pro forma historical financial effects of the offer are still in the process of being finalised and will be published in due course. Hyprop unitholders are advised to continue to exercise caution when trading in Hyprop combined units until a further announcement is made.
14 Jan 2011 09:58:28
(Official Notice)
Unitholders are advised of the appointment of Lindie Engelbrecht as an independent non-executive director to the board of Hyprop, with immediate effect.
21 Dec 2010 08:57:05
(Official Notice)
15 Dec 2010 09:33:48
(Media Comment)
The Financial Mail reported that Hyprop's planned acquisition of Attfund will make the group South Africa's biggest listed retail property specialist. After the acquisition is completed Hyprop will be South Africa's third largest listed property fund, worth an estimated R15 billion. Mohamed Kalla, a director of newly formed property equity specialist Sesfikile Capital, says Attfund is a superb portfolio. Kalla noted that the deal comes at an opportune time Hyprop, which plans a major upgrade of Rosebank Mall in Johannesburg. Hyprop's purchase of Attfund will minimise the negative impact of the upgrade on Hyprop's income.
06 Dec 2010 09:15:44
(Official Notice)
Combined unitholders are advised that Hyprop has reached an in principle agreement with the board of Femtoworx Ltd, (in the process of being renamed Attfund Retail Ltd) ("Attfund Retail") in relation to the terms of a proposed offer to acquire 100% of the shares in Attfund Retail, for the purpose of acquiring Attfund Retail's portfolio of property assets and listed securities.



On the implementation of the proposed offer Attfund Retail's property portfolio will comprise Atterbury Value Mart; CapeGate Retail Precinct; Clearwater Mall; Somerset Value Mart; Willow Bridge Lifestyle Centre; Woodlands Boulevard; a 25% undivided share in Centurion Mall; a 20% indirect share in Garden Route Mall; Glenfield Office Park; Glenwood Office Park; and Lakefield Office Park. In addition Attfund Retail owns 8 897 297 Sycom units, 2 610 430 Acucap units, the asset management business of Attfund Retail and Word 4 Word Marketing (Pty) Ltd.



In terms of the proposed offer, Hyprop will acquire 100% of the issued share capital of Attfund Retail for an aggregate effective consideration of R8.986 billion less the value of Attfund Retail's debt. The offer consideration will be discharged as follows:

*R6.048 billion by the issue of 112 million Hyprop combined units at R54.00 per unit; and

*the balance in cash.



Upon implementation of the offer the Attfund Retail shareholders will pay a R130 million transaction fee to Redefine Properties Ltd ("Redefine"). The fee will be settled out of the cash portion of the consideration. The payment of the fee by the Attfund Retail shareholders will be subject to approval of an independent majority of Hyprop unitholders, failing which no fee shall be payable to Redefine.



The proposed offer remains subject to a number of conditions including the conclusion of formal agreements within seven business days of the date of this announcement and all requisite unitholder and regulatory approvals. On the completion of the formal agreements a more detailed announcement will be published, pending that announcement combined unitholders are advised to exercise caution when dealing in their Hyprop securities.
03 Dec 2010 15:08:03
(Official Notice)
Unitholders are advised of the following changes to the board of directors of Hyprop:

*Mike Lewin and David Rice have been appointed to the board as non-executive directors, with immediate effect.

*Makhosazana ("Khosi") Sibisi has with effect from 1 December 2010, resigned from her position as an independent non-executive director on the board.

09 Nov 2010 09:28:49
(Official Notice)
Unitholders were referred to the cautionary announcements dated 31 August 2010 and 14 October 2010 and were advised that Hyprop is no longer in negotiations regarding a potential acquisition. Accordingly, caution is no longer required to be exercised when dealing in Hyprop's securities.
14 Oct 2010 16:17:02
(Official Notice)
Unitholders are referred to the cautionary announcement dated 31 August 2010, and are advised that negotiations in relation to a potential acquisition are still in progress which, if successfully concluded, may have a material effect on the price of Hyprop's securities. Accordingly, unitholders are advised to continue to exercise caution when dealing in the company's securities until a further announcement is made.
31 Aug 2010 16:44:41
(Official Notice)
Unitholders were advised that Hyprop had entered into negotiations in relation to a potential acquisition which, if successfully concluded, may have a material effect on the price of Hyprop's securities. Accordingly, unitholders were advised to exercise caution when dealing in Hyprop's securities until a further announcement was made.
30 Aug 2010 15:47:11
(Official Notice)
Combined unitholders are referred to the previous announcements in relation to an offer by Redefine Properties Ltd ("Redefine") to acquire all or any of the Hyprop combined units held by Hyprop combined unitholders (excluding Redefine) for a cash consideration of R50 per combined unit ("the offer"). The offer was triggered by virtue of Redefine's acquisition of 19 686 558 Hyprop combined units from Coronation Asset Management (Pty) Ltd at a price of R50.00 per Hyprop combined unit ("the acquisition").



Combined unitholders are referred to the announcement released on SENS by Redefine, dated 30 August 2010, in which Redefine unitholders are informed that the mandatory offer closed at 12pm on Friday, 27 August 2010 and was accepted by Hyprop combined unitholders holding 926 593 Hyprop combined units. Accordingly, as a result of the offer and the acquisition, Redefine's interest in Hyprop has increased from 55 323 970 Hyprop combined units (constituting 33.3% of Hyprop's issued unit capital) to 75 937 121 Hyprop combined units (constituting 45.7% of Hyprop's issued unit capital).
24 Aug 2010 08:03:06
(C)
Revenue grew to R527.8 million (June 2009: R434.1 million), while net operating income rose to R284.7 million (June 2009: 272.3 million).Total comprehensive income for the period increased to R302.3 million (June 2009: Loss for the period R20.8 million). Headline earnings per combined unit was up to 241c (June 2009: 54.8 c).



Distribution

Hyprop has declared an interim distribution of 174 cents per combined unit, an increase of 8.1% on the distribution for the comparable period in 2009.



Prospects

Savings in the second half of 2010 from the elimination of consultancy fees to Redefine are likely to be offset by increases and back charges in respect of municipal rates and electricity costs, increased provisions for doubtful debts and lower than budgeted occupancies at Southern Sun Hyde Park. The board anticipates that, barring a change in market conditions, Hyprop's distribution for the six months ending 31 December 2010 will be between 181 cents and 185 cents per combined unit. The forecast distribution for the full year therefore remains unchanged at 355 cents to 359 cents per combined unit. This forecast has not been reviewed or reported on by Hyprop's auditors.
04 Aug 2010 17:16:36
(Official Notice)
22 Jun 2010 14:21:06
(Official Notice)
Combined unit holders are advised that at the annual general meetings of shareholders and debenture holders of Hyprop convened on Tuesday, 22 June 2010, all resolutions were passed by the requisite majority of shareholders and debenture holders save for: *Shareholder ordinary resolutions 8 and 9.

*Debenture holder ordinary resolution 1 and special resolution 2 in respect of the placing of unissued combined units under the control of the directors and the issue of combined units for cash, which were withdrawn by Hyprop prior to the meeting.

31 May 2010 18:59:09
(Official Notice)
Unitholders are advised of the resignation of Wolf Cesman as a non-executive director of Hyprop and Janys Finn as an alternate director to Wolf with immediate effect.



Termination of consultancy agreement

Unitholders are referred to the announcement released on SENS on 27 October 2009 relating to a consultancy agreement concluded between Hyprop and Redefine Properties Ltd ("Redefine") in terms of which Redefine would provide consultancy services to Hyprop at a fee of R1,5 million (exclusive of VAT) per month, for a fixed term of 18 months (the "consultancy agreement"). The consultancy agreement commenced on 1 January 2010. The consultancy agreement was entered into with the understanding that Hyprop would benefit from the ongoing combined input of both Wolf Cesman and Marc Wainer.



Following Wolf's recent resignation from the Redefine board, unitholders are advised that Hyprop has given Redefine three months' notice of termination of the consultancy agreement, such termination to take effect on 31 August 2010. Hyprop is of the opinion that Redefine and Marc Wainer can continue to play a valuable role in relation to Hyprop and is currently in discussions with Redefine regarding the ongoing relationship between the two companies.
25 May 2010 15:14:11
(Official Notice)
Unit holders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2009, was posted and is available on the company's website (www.hyprop.co.za). In the audited results announcement released on SENS on Tuesday, 2 March 2010 (the "audited results announcement") the amortisation of debenture premium was disclosed as a distributable earnings adjustment. In the annual financial statements the amortisation of debenture premium has been disclosed as a headline earnings adjustment in accordance with SAICA Circular 3/2009. This adjustment is a disclosure issue only. The adjustment affects headline earnings, but has no impact on distributable earnings or distributable earnings per combined unit.



Other than the above there are no material changes to the audited results announcement. The annual report contains a notice of annual general meeting for Hyprop unit holders, which will be held at the offices of Hyprop, 3rd Floor, North Wing, Hyde Park Shopping Centre, Jan Smuts Avenue, on Tuesday, 22 June 2010 at 10h00.
24 Mar 2010 09:21:41
(Official Notice)
Hyprop combined unitholders are referred to the cautionary announcement dated 2 March 2009 in which they were referred to the announcement released by Redefine Income Fund Ltd advising that it was in negotiations to potentially increase its stake in Hyprop. In an announcement released by Redefine today, Redefine advised its unitholders that it has concluded an agreement to acquire an additional 19 686 558 Hyprop units from Coronation Asset Management at a price of R50 per Hyprop unit that, if implemented, will:



*Result in Redefine increasing its stake in Hyprop from 33.3% to 45.2%

*Will trigger a mandatory offer to all Hyprop unitholders at a price of R50 per combined unit in terms of the Securities Regulation code on takeovers and mergers.

Redefine has advised its unitholders that the implementation of the acquisition is conditional upon the requisite approval:

*Of the South African competition authorities

*And of Redefine unitholders, (both for the acquisition itself and for the mandatory offer) being obtained by 31 August 2010.



If the acquisition is implemented and the mandatory offer is triggered the Hyprop board will, inter alia, appoint an independent expert to provide advice to Hyprop combined unitholders on the mandatory offer. In the interim Hyprop will continue to keep combined unitholders updated on any developments in relation to the acquisition and the mandatory offer as and when these developments come to the attention of the Hyprop board. The cautionary announcement dated 2 March 2010 is hereby withdrawn.
02 Mar 2010 09:09:01
(Official Notice)
Hyprop combined unitholders were referred to the cautionary announcement released by Redefine Income Fund Ltd ("Redefine") on 1 March 2010 advising that Redefine is in negotiations to potentially increase its stake in Hyprop. Redefine currently owns 55 323 970 Hyprop combined units comprising 33.3% of Hyprop's issued combined units. The Hyprop board has not been formally approached by Redefine and has no details in relation to the negotiations referred to in the Redefine announcement. However given the potential impact on Hyprop combined unitholders of Redefine increasing its stake in Hyprop, combined unitholders are advised to exercise caution when dealing in Hyprop combined units until a further announcement is made.
02 Mar 2010 08:52:27
(C)
Revenue for the year ended 31 December 2009 increased to R923.6 million (2008: R781 million) . Net operating income rose to R545 million (2008: R517 million). Distributable earnings was higher on R552 million (2008: R 351 million) but headline earnings per combined unit for the period was lower at 399cps (2008: 419.7cps) .



Dividend

The final distribution of 167 cents represents growth of 5.7% compared with the corresponding period (2008: 158 cents). Hyprop declared a total distribution of 328 cents per combined unit for the year, an increase of 6.5% (2008: 308 cents).



Prospects

Based on the board's assessment of current economic conditions, Hyprop's distribution for the financial year ending 31 December 2010 will be between 355 cents and 359 cents per combined unit, an increase of between 8% and 9,5% on the distribution for 2009.
01 Dec 2009 17:12:51
(Official Notice)
Combined unitholders are advised that, at the general meeting of Hyprop shareholders and debenture holders held on Tuesday, 1 December 2009, all of the resolutions relating to the approval of the conclusion of the consultancy agreement between Hyprop and Redefine properties (Pty) Ltd were passed by the requisite majorities.



The implementation of the consultancy agreement was conditional on the approval of Hyprop shareholders and debenture holders. The condition precedent has therefore been fulfilled.
27 Nov 2009 15:01:13
(Official Notice)
Shareholders are advised that Stewart Shaw-Taylor (an existing non-executive director of the company) has been appointed to the audit committee of the company, with effect from 26 November 2009.
17 Nov 2009 18:35:01
(Official Notice)
Hyprop had concluded a consultancy agreement with Redefine Properties (Pty) Ltd, a wholly-owned subsidiary of Redefine Income Fund Ltd in terms of which Redefine Properties will provide consultancy services to Hyprop. A circular relating to the consultancy agreement was issued on Monday, 16 November 2009.



Salient dates

*Circular posted - Monday, 16 November 2009

*The general meeting of Hyprop combined unitholders at 14h00 on - Tuesday, 1 December 2009

*Results of the general meeting released on SENS on - Tuesday, 1 December 2009
27 Oct 2009 13:15:39
(Official Notice)
Hyprop has concluded a consultancy agreement with Redefine Properties (Pty) Ltd, a wholly-owned subsidiary of Redefine Income Fund Ltd in terms of which Redefine Properties will provide consultancy services to Hyprop as further described below.



Hyprop currently outsources all of its asset management and property administration functions to Madison property fund managers Ltd, a wholly-owned subsidiary of Redefine. Following a decision by the Hyprop board to conduct these functions in-house in keeping with the listed property sector trend of internalised management, Hyprop has given notice so as to terminate these arrangements with effect from 31 December 2009.



*The agreement will commence on 1 January 2010 and remain in force until 30 June 2011, so that any possible renewal negotiations will coincide with Hyprop's annual general meeting set to take place during June 2011.

*Hyprop shall have the right to renew the agreement for further 12 month periods after the initial period on written notice to Redefine properties of not less than three months (subject to Hyprop and Redefine properties reaching agreement as to remuneration and subject to the prior approval of Hyprop unitholders (excluding the Redefine group) having been obtained for such renewal as required in terms of the JSE Listings Requirements).

*The remuneration payable to Redefine by Hyprop for all services rendered by Redefine in terms of the agreement shall be R1,5 million (exclusive of VAT) per month payable monthly in arrears (effectively R18 million exclusive of VAT per annum).

*No entity in the Redefine group shall be entitled to any remuneration over and above the abovementioned fee whether through commissions, bonuses, promoter?s fees, asset movement fees, corporate finance fees, share options or any other form of remuneration or reward whatsoever, save only for any fees payable to the Redefine group in respect of its representation on the Hyprop board of directors or on any Hyprop board sub-committee.



Conditions Precedent

*The agreement is subject to the approval of Hyprop combined unitholders in general meeting, as required in terms of section 13.40(a) of the JSE listings requirements.



A circular containing further details of the agreement and a notice of general meeting will be sent to Hyprop combined unitholders in due course.

31 Aug 2009 16:01:03
(Official Notice)
Kevin Ellerine has been appointed as a non-executive director of Hyprop, with effect from 1 September 2009.
24 Aug 2009 09:57:10
(C)
Distributable earnings from listed property securities grew by 20% arising from an increase in distributions from Sycom and the additional 10.4 million Sycom units purchased in the first half of 2008. The net asset value per combined unit at 30 June 2009 was R41.14 (R41.56 at 31 December 2008). Hyprop reported headline earnings per combined unit of 88.8c.



Prospects

Hyprop's properties have sustainability for long term investment. The company's prime retail investments have proven resilient in tough trading conditions and have enabled the portfolio to withstand some of the pressures of the economic recession and declining national retail sales. The board anticipates that, barring a further deterioration in retail market conditions, Hyprop's distribution for the six months ending 31 December 2009 will be between 167c and 171c per combined unit. This forecast has not been reviewed or reported on by Hyprop's auditors.
14 Jul 2009 13:04:51
(Media Comment)
As part of it's expansion programme, retail-focused Hyprop Investments has invested R150 million in the growth node of Rosebank to boost it's existing retail assets in the Johannesburg suburb. The latest investment brings Hyprop's total investment in Rosebank to more than R1.3 billion. The group, which is undertaking a R663 million expansion programme launched last year, said yesterday it recently acquired two commercial properties in close proximity to The Mall of Rosebank on Bath and Cradock avenues.
25 Jun 2009 13:14:22
(Official Notice)
Combined unit holders are advised that at the annual general meetings of shareholders and debenture holders of Hyprop convened on Thursday, 25 June 2009, all resolutions were passed by the requisite majority of Hyprop shareholders and debenture holders save for:

*shareholder ordinary resolutions seven and eight; and

*debenture holder special resolution two and ordinary resolution one

in respect of the issue of combined units for cash and placing of the unissued combined units under the control of the directors, which were withdrawn by Hyprop prior to voting.
22 Jun 2009 13:18:16
(Official Notice)
Mike Rodel has been appointed as Chief Executive Officer ("CEO") of Hyprop, effective 1 August 2009.
27 May 2009 11:28:16
(Official Notice)
Shareholders are advised that Michael N Flax has resigned as alternate non-executive director of Hyprop with immediate effect.
13 May 2009 10:22:27
(Official Notice)
Hyprop's annual report, incorporating the audited financial statements for the year ended 31 December 2008, was dispatched yesterday and contains no changes from the audited results which were published on SENS on 2 March 2009.



The annual report contains a notice of annual general meeting for Hyprop members, which will be held at the offices of Hyprop, 3rd Floor, North Wing, Hyde Park Shopping Centre, Jan Smuts Avenue, on Thursday, 25 June 2009 at 10h00.
02 Mar 2009 09:22:55
(C)
Revenue increased to R781.3 million (R715.9 million). Net operating income rose to R517.7 million (R477.1 million), but net attributable profit declined to R351.9 million (R1.2 billion). In addition, headline earnings per combined unit grew to 426.5c (389.5c).



Distribution

A distribution of 158c per unit has been declared.



Prospects

Trading conditions are expected to remain difficult in the year ahead. However, Hyprop is well positioned with quality real estate assets and a strong balance sheet, which should minimise any adverse impact on distributable income brought about by the current weak economic environment. Projections indicate that, barring a significant deterioration in market conditions, Hyprop's distribution for the financial year ending 31 December 2009 will be between 328 cents and 332 cents per combined unit.
23 Jan 2009 14:58:43
(Official Notice)
Mr Pieter Prinsloo has resigned as chief executive officer of Hyprop with effect from 28 February 2009 in order to pursue his own interests.
22 Jan 2009 09:29:13
(Media Comment)
According to the Financial Mail, Old Mutual Property Investments ("OMP") would not sell Hyprop its Nedbank Gardens office building because it did not want Hyprop to expand Rosebank Mall westward, away from OMP's redevelopment of the Zone and Mutual Square. Hyprop offered R125 million for the office building, higher than the first offer of R95 million that OMP had received, but was rejected. Instead, OMP demanded R200 million, which Hyprop refused to pay. The building was then sold to Intraprop for R95 million, obviously lower than the R125 million that Hyprop initially offered. Intraprop says it is unsure what it will do with the property.
21 Aug 2008 09:58:36
(C)
Hyprop's shopping centres achieved a 14.2% increase in earnings, despite a weakened economic and trading environment. This increase is as a result of rental growth, expense control and successful expansions. Net income from investment property increased 14.4% on a like-for-like basis. Earnings were further enhanced by Hyprop's investment in Sycom Property Fund. The distribution of 150c per combined unit for the six months ended June 2008 exceeds that of the comparable period by 15.4%. A reduction in the fair value of the investment in Sycom reduced net asset value (NAV) per combined unit by 5% to R37.96 from R39.96 at 31 December 2007.



Prospects

The board remains confident that Hyprop's prime retail focus will continue to contribute to positive distribution growth, notwithstanding current pressures on general consumer spend. While the current expansion programme will affect growth in earnings in the short term, the overall enhancement to the property portfolio will benefit growth and distributions in the medium to long term. The board anticipates that, barring unforeseen changes in market conditions, Hyprop's distribution for the six months ending 31 December 2008 will be between 152c and 158c per combined unit. This forecast has not been reviewed or reported on by Hyprop's auditors.
15 Aug 2008 17:18:13
(Official Notice)
Hyprop anticipates that distributable earnings per combined unit for the six month period ended 30 June 2008 will be between 15% and 16% higher than the previous corresponding period.
03 Jun 2008 17:23:31
(Official Notice)
Unitholders are referred to the cautionary announcements dated 26 March 2008 and 7 May 2008 and are advised that as Hyprop is no longer a party to the merger discussions, caution is no longer required to be exercised by unitholders when dealing in Hyprop securities.
12 May 2008 14:15:34
(Official Notice)
Combined unitholders are advised that the annual financial statements were distributed on 12 May 2008, and contain no modifications to the audited results, published on SENS on 3 March 2008. The annual general meetings of shareholders and debenture holders will be held on Thursday, 12 June 2008 at 10:00 and 10:30 respectively, at the offices of Hyprop at 3rd floor, North Wing, Hyde Park Shopping Centre, Jan Smuts Avenue, Johannesburg.
07 May 2008 15:30:54
(Official Notice)
Further to the cautionary announcement dated 26 March 2008, in relation to a proposal which, if implemented, will result in the merger of ApexHi Properties Ltd, Hyprop, Madison Property Fund Managers and Redefine Income Fund Ltd, unitholders are advised to continue to exercise caution when trading in the company's securities until a further announcement is made.
06 May 2008 07:47:03
(Media Comment)
According to Business Report Hyprop will develop a four-star hotel in conjunction with Southern Sun at its Hyde Park Shopping Centre. Pieter Prinsloo, CE of the retail property fund, said that the hotel would be built at a cost of R180 million and open in June 2009.
26 Mar 2008 17:42:44
(Official Notice)
Unitholders are advised that the company is considering a proposal which, if implemented, will result in the merger of ApexHi Properties Ltd, Hyprop, Madison Property Fund Managers and Redefine Income Fund Ltd. Accordingly unitholders are advised to exercise caution when trading in the company's securities until a further announcement is made.
03 Mar 2008 11:04:15
(C)
The growth in value of investment property increased net asset value per combined unit by 28% to R39.96. Excluding deferred taxation, net asset value per combined unit of R49.93 is 11% higher than the closing combined unit price of R45.00 on the JSE at 31 December 2007. Vacancies at year-end were 0.75% (1.1%) of rentable area.



Distribution

The total distribution per combined unit of 270c for the year ended 31 December 2007 exceeds that of the previous year by a record 20%. The final distribution of 140c reflects growth of 21.7% relative to the comparative period in 2006.



Prospects

With quality assets and low gearing, Hyprop's business is financially sound. The company is well positioned to respond to opportunities in the current volatile market and uncertain economic conditions. The planned developments, anticipated to yield favourable returns, will contribute to long-term income growth within the portfolio. Retail space in Hyprop's shopping centres continues to be in demand and any reduction in turnover levels due to the anticipated weakness in consumer spend in 2008 is unlikely to materially impact on income. The board anticipates, subject to market conditions remaining stable, an increase in distributions of between 12% and 14% for the year ending 31 December 2008 compared to 2007. This forecast has not been reviewed or reported on by Hyprop's auditors.
18 Feb 2008 12:07:55
(Official Notice)
Hyprop anticipates that distributable earnings per combined unit for the year ended 31 December 2007 will be between 18% and 20% higher than the previous corresponding period. The annual financial results announcement will be published on or about 3 March 2008.
25 Jul 2006 09:12:44
(Official Notice)
Hyprop anticipates distributable earnings per combined unit for the six month period ended 30 June 2006 to be at least 20% higher than the previous interim period. Earnings and headline earnings per combined unit are anticipated to be between 30% and 40% higher than the previous interim period. Hyprop still anticipates superior growth in distributions for the full year ending 31 December 2006. However, the rate of distribution growth for the full year is not expected to be as high as the interim period. The interim financial results announcement will be published on or about 21 August 2006.
14 Jun 2006 15:06:01
(Official Notice)
At the annual general meetings of shareholders and debenture holders of Hyprop convened on Wednesday, 14 June 06 in terms of the notices of annual general meetings contained in the Hyprop annual report issued on 16 May 06, all resolutions were passed by the requisite majority of Hyprop shareholders and debenture holders except for ordinary resolution 7 and debenture resolution 4 regarding the issue of combined units for cash, which were withdrawn by the directors.
16 May 2006 12:22:04
(Official Notice)
Combined unitholders are advised that the annual financial statements were distributed today, 16 May 2006, and contain no modifications to the audited results, published on SENS on 2 March 2006. The 2005 annual general meetings of shareholders and debenture holders will be held on Wednesday, 14 June 2006.
29 Mar 2006 09:05:08
(Official Notice)
Hyprop has entered into various agreements with black owned financial services group Vunani Capital (Pty) Ltd, via its subsidiary Vunani Properties (Pty) Ltd to facilitate the establishment of a BEE property fund known as Vunani Property Investment Fund (Pty) Ltd ("VPIF"). Hyprop and Vunani intend to grow VPIF's property portfolio both in size and value in accordance with sound investment principles and consistent with the provisions of the Codes, with a view to it ultimately listing on the JSE.
17 Mar 2006 15:27:52
(Official Notice)
Webber Wentzel Bowens has been nominated by the board to assume the position of debenture trustee of the company with effect from date of approval by debenture holders, at the annual general meeting scheduled to be held on 14 June 2006 at the offices of the company, following the resignation of Edward Nathan (Pty) Ltd.

02 Mar 2006 10:42:27
(C)
Contractual rental escalations, strict expense control and reduced vacancies accounted for an 11.6% increase in distributable earnings per combined unit. The 83% growth in combined unitholder funds from R1.9 billion to R3.4 billion arose from the issue of 26 506 349 combined units and a property revaluation surplus of R1.4 billion. The significant growth in the value of the investment property portfolio increased the net asset value per combined unit by 50% to R24.12 (16.09). Revenue increased to R635 million (R545 million) with net income after tax at R892.5 million (R570.8 million). Headline earnings grew to 235.5c (181.4c) per linked unit.



Distribution

The board approved a final distribution of 99.00c per combined unit.



Prospects

Hyprop intends to maintain its record of consistent income and capital growth by pursuing:

*opportunities in its existing portfolio to enhance tenant mix and retail offering; and

*acquisitions and new developments that will contribute to the long-term growth of the portfolio.

Hyprop anticipates superior growth in distributions in the forthcoming year. It is however unlikely that the rate of distribution growth per combined unit will equal that which was achieved in 2005.
08 Nov 2005 15:30:01
(Media Comment)
Hyprop told Business Day that it would be acquiring a majority stake in a R450 million lifestyle retail centre in Modderfontein, east of Johannesburg.

12 Sep 2005 15:24:26
(Official Notice)
SA Retail and Hyprop combined unitholders are advised that Hyprop`s offer to SA Retail unitholders closed on 9 September 2005. The offer was accepted in respect of 85 445 116 SA Retail units, comprising 37.83% of the total number of SA Retail units in issue. Of the acceptances:

*SA Retail unitholders holding 71 101 844 SA Retail units elected to receive the units consideration of 1 Hyprop combined unit for every 2.7 SA Retail units in respect of which the offer was accepted, resulting in the issue of 26 334 016 Hyprop combined units; and

*SA Retail unitholders holding 14 343 272 SA Retail units elected to receive the cash consideration of R8 for every SA Retail unit in respect of which the offer was accepted, resulting in the payment of R114 746 176.

Hyprop now owns 100 326 759 SA Retail units, comprising 44.42% of the total number of the SA Retail units in issue. This includes the 14 881 643 SA Retail units acquired by Hyprop prior to the offer.



25 Aug 2005 12:21:49
(Official Notice)
SA Retail and Hyprop linked unitholders are advised that the Competition Tribunal has approved the implementation of Hyprop`s offer to SA Retail unitholders to acquire all of the SA Retail units that it does not already own for a consideration of either 1 Hyprop combined unit for every 2.7 units in respect of which the offer is accepted or R8 in cash for every 1 SA Retail unit in respect of which the offer is accepted. Hyprop combined units issued pursuant to the offer will rank for distributions of income in respect of all periods after 1 July 2005. The salient dates of the offer are set out below:



*Last day to trade 2 September 05

*Results of offer to be announced on SENS 12 September 05

23 Aug 2005 11:27:26
(C)
Hyprop continued to achieve growth with a distribution of 91c per combined unit up 18% over the comparative period. After adjusting for non- recurring income amounting to approximately 4c per unit, comprising distributions from linked units in SA Retail and the write-back of a bad debt provision in Canal Walk, satisfactory growth of 13% was achieved. The growth in rentals at Hyprop`s shopping centres, especially Canal Walk, remains the driving force behind the strong performance. Distributable earnings per combined unit increased by 17% to 93c over the comparative period as a result of strong retail rental growth, strict expense control and reductions in interest rates. Net property income rose marginally to R178.5m and net asset value per combined unit increased by 10% to R19.54 from December 2004. A revaluation surplus of R250m on the property portfolio represents an 8% increase from December 2004. Net asset value per combined unit increased by 10% to R19.54 from December 2004. A revaluation surplus of R250m on the property portfolio represents an 8% increase from December 2004. Hyprop`s net borrowings amounted to R972m, equating to a 28% debt-to-open market value ratio. Subsequent to 30 June 2005 interest rates have been fixed in respect of 82% of borrowings for periods varying from 5 to 10 years. The average interest rate at 30 June 2005 was 10.8%.



Prospects

Hyprop anticipates growth in distributions of 12% for the year ending 31 December 2005. This exceeds the previous forecast of 7% made in the 2004 annual results announcement. The revised forecast excludes any financial impact relating to Hyprop`s offer to acquire linked units in SA Retail.
15 Jul 2005 11:17:50
(Media Comment)
Hyprop told Business Day, on 15 July 05, that it was likely to obtain a minimum of 40% of SA Retail shares.
13 Jul 2005 16:04:09
(Official Notice)
Hyprop combined unitholders are referred to the announcement published on SENS on 24 June 2005 wherein unitholders were advised that the general meetings of Hyprop shareholders and Hyprop debenture holders convened for the purpose of securing the requisite approvals for Hyprop to make and implement the offer to SA Retail unitholders (the `offer`) were adjourned. At the adjourned meetings held on 13 July 2005, Hyprop shareholders and debenture holders passed, by the requisite majority, all resolutions required to make and implement the offer. The only outstanding condition precedent is the approval of the competition authorities. Unitholders will be advised of the outcome of the competition approval process.
05 Jul 2005 08:48:08
(Official Notice)
Laurence Cohen has resigned as company secretary with effect from 4 July 2005. Probity Business Services (Pty) Ltd has been appointed as company secretary with immediate effect.
24 Jun 2005 12:48:01
(Official Notice)
Hyprop combined unitholders are referred to the announcement published on SENS on 22 June 2005 wherein unitholders were advised that the general meetings of Hyprop shareholders and Hyprop debenture holders convened for the purpose of securing the requisite approvals from Hyprop unitholders for Hyprop to make the offer to SA Retail unitholders were adjourned prior to the resolutions being put to the relevant meetings. The meetings were adjourned to enable the board to further investigate Hyprop`s prospects of achieving a controlling interest in SA Retail, following concern having been expressed by certain unitholders that Hyprop may not be successful in acquiring a controlling interest and that Hyprop`s prospects may influence the basis upon which such unitholders exercise their votes on the SA Retail transaction and to enable the board to report back to shareholders and debenture holders at the adjourned meetings. The adjourned shareholders meeting will be held at 09h30 on Wednesday, 13 July 2005 at the offices of Hyprop, 3rd Floor, North Block, Hyde Park Shopping Centre, Jan Smuts Avenue, Hyde Park. The adjourned debenture holders meeting will be held at 10h00 (or immediately after the shareholders meeting) on Wednesday, 13 July 2005 at the offices of Hyprop, 3rd Floor, North Block, Hyde Park Shopping Centre, Jan Smuts Avenue, Hyde Park.
22 Jun 2005 16:25:17
(Official Notice)
Hyprop combined unitholders are advised that the general meetings of Hyprop shareholders and Hyprop debenture holders convened for the purpose of securing the requisite approvals from Hyprop unitholders for Hyprop to make the offer to SA Retail unitholders were adjourned prior to the resolutions being put to the relevant meetings. Certain Hyprop unitholders have expressed concern that Hyprop may not be successful in acquiring a controlling interest in SA Retail and advised that Hyprop`s prospects of achieving a controlling interest in SA Retail may influence the basis upon which such unitholders exercise their votes on the SA Retail transaction. The meetings were adjourned to enable the board to investigate the matter and report back to shareholders and debenture holders at the adjourned meetings. The time, date and place of the adjourned meetings will be announced over SENS and in the press during the course of next week.
17 Jun 2005 11:56:13
(Official Notice)
Hyprop combined unitholders (`unitholders`) are advised that the board of Hyprop has approved a distribution of 91c per combined unit. Unitholders will accordingly receive debenture interest payment no 35 of 90.816c per debenture and dividend payment no 35 of 0.184c per share for the period 1 January 2005 to 30 June 2005. The salient dates in respect of the distribution are set out below:



*Last day to trade cum distribution -- Friday, 24 June

*Combined units will trade ex distribution -- Monday, 27 June

*Record date for receipt of distribution -- Friday, 1 July

*Payment date -- Monday, 4 July



09 Jun 2005 13:05:01
(Media Comment)
Analysts views and market sentiments are that Hyprop`s hostile bid for SA Retail would succeed. Responding to Business Day`s enquiry on the bid various property analysts said that SA Retail unitholders would possibly accept the offer.
07-Jan-2016
(X)
Hyprop, Africa's leading specialist shopping centre Real Estate Investment Trust (REIT), operates an internally managed portfolio of shopping centres in major metropolitan areas across South Africa. Hyprop has a growing presence in sub-Saharan Africa, through a joint venture with Attacq Ltd. and the Atterbury Group.


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