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Trading statement
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")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited,
property entities are required to publish a trading statement
as soon as they are satisfied that a reasonable degree of
certainty exists that the distribution for the next
distribution period will differ by at least 15% from that of
the previous corresponding period or a profit forecast
previously provided to the market in relation to such period.
The 3-year profit forecast (“forecast”)* released by
Hospitality to the market in the rights offer circular dated
28 May 2012 forms the base for the purpose of this trading
statement.
Unitholders are reminded that the Fund’s units in issue
comprise A- and B-linked units.
The A-linked unit distribution for the six months ended 30
June 2013 will remain in-line with the forecast at 68.12 cents
per linked unit (cpu) (134.63cpu for the year ended 30 June
2013).
Distributable earnings per B-linked unit for the six months
ended 30 June 2013 are expected to be between 8.60cpu and
9.56cpu (17.79cpu to 18.75cpu for the financial year),
exceeding the forecast of 4.78cpu by between 80% and 100%
(26.10% to 32.90% for the financial year). The expected
increase in the B-linked unit distribution is as a result of
better than forecast hotel trading conditions.
This distribution forecast has not been reviewed and reported
on by the Company’s external auditors and the Company’s
results for the year ended 30 June 2013 are expected to be
released on SENS on or about 21 August 2013.
*A copy of the forecast (annexure 17 to the rights offer
circular dated 28 May 2012) may be found by accessing this
link to the Hospitality website http://www.hpf.co.za/wp-
content/uploads/2013/05/Rights-Issue-Circular-May-2012-posted-
28-May-2012.pdf
Johannesburg
25 July 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/07/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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