HOSPITALITY PROPERTY FUND LIMITED - Approval of the construction of Arabella Country Estate Phase 2 at Arabella Hotel and Spa

Approval of the construction of Arabella Country Estate Phase 2 at Arabella Hotel and Spa

HOSPITALITY PROPERTY FUND LIMITED 
(Incorporated in the Republic of South Africa) 
(Registration number 2005/014211/06) 
Share code for A linked units:  HPA 
ISIN for A linked units: ZAE000076790 
Share code of B linked units: HPB 
ISIN for B linked units: ZAE000076808 
(“Hospitality” or "the Company") 
 
APPROVAL OF THE CONSTRUCTION OF ARABELLA COUNTRY ESTATE PHASE 2 AT ARABELLA HOTEL AND SPA 
 
In the Interim Results announcement published on the Stock Exchange News Service of the JSE Limited on 25 February 
2015, unitholders were advised that the Company was still awaiting a final decision on the approval of Phase 2 at 
Arabella Hotel & Spa by the Minister of Environmental Affairs and Development Planning. 
 
Unitholders are now advised that: 
 
1.       the Minister of Western Cape Local Government, Environmental Affairs and Development Planning (“the 
         Minister”) has in terms of section 35(4) of the Environment Conservation Act, 1989 (Act No. 73 of 1989) and 
         section 43 of the National Environmental Management Act, 1998 (Act No. 107 of 1998), granted Hospitality 
         the approval to develop Phase 2 of Arabella Country Estate on Portion 1 and the Remainder of Portion 3 of 
         Caledon Farm No. 542, Hermanus River, Kleinmond (“the Property”), subject to compliance with certain 
         conditions and administrative processes; and 
2.       the Competent Authority for the Administration of the Land Use Planning Ordinance, 1985 (Ordinance 15 of 
         1985) (“LUPO”), has approved the rezoning and subdivision of the Property, which includes 352 Residential 
         erven, a Private Nature Reserve and a 9-hole executive mashie golf course with associated infrastructure. 
 
Management and the Board will continue to explore the various options available to the Company, in order for it to 
realise a profit from Arabella Phase 2. 
 
A copy of the letter of approval as issued by the office of the Minister can be downloaded from Hospitality’s website on 
http://www.hpf.co.za/downloads/ABphase2.pdf 
 
12 March 2015 
Johannesburg 
 
Sponsor 
RAND MERCHANT BANK (a division of FirstRand Bank Limited) 
 

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