HOSPITALITY PROPERTY FUND LIMITED - HPAI - Notification of the Voting Results in respect of the Request for Written Consent of Noteholders

HPAI - Notification of the Voting Results in respect of the Request for Written Consent of Noteholders

Hospitality Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/014211/06)
Company code: HPAI
Bond code: HPF11 ISIN: ZAG000149287
Bond code: HPF12 ISIN: ZAG000158338
Bond code: HPF13 ISIN: ZAG000165168
(“Hospitality” or the “Issuer”)

NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS

Noteholders are referred to the notice of request for written consent released on SENS on 9 April 2021 (the “Consent Request”), in which the Extraordinary Resolutions
set out below were proposed:

        -   Extraordinary Resolution No. 1:
            THAT the Noteholder Trustee (as the Finance Provider) be authorised to provide the necessary consent to allow:
                1. the Debt Guarantor, as holder of the Mortgage Bonds over the Immovable Properties, to agree to (i) the cancellation of the Existing Servitudes and
                   the subsequent registration of the Replacement Servitudes and (ii) the registration of the New Servitudes; and
                2. the Debt Guarantor to enter into any documentation or take any necessary steps to give effect to the consent specified in paragraph 8.1.1.

        -   Extraordinary Resolution No. 2:
            THAT the Noteholder Trustee (as the Finance Provider) be authorised to enter into any documentation or to take any necessary steps to give effect to the
            consents specified in Extraordinary Resolution 1.

In this regard, the Issuer confirms the voting results from the Consent Request in relation to the total nominal amount of those classes of debt securities that were
affected by the amendments are as follows:

Bond Code     Extraordinary   Debt securities voted as a Rand     Debt securities voted     Votes abstained as a      Votes carried for the     Votes against the
              Resolution      value                               disclosed as a            percentage                resolution as a           resolution as a
                                                                  percentage                                          percentage                percentage
HPF11         1               R 600 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%
HPF11         2               R 600 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%
HPF12         1               R 300 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%
HPF12         2               R 300 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%
HPF13         1               R 800 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%
HPF13         2               R 800 000 000.00                    100.00%                   0.00%                     100.00%                   0.00%

11 May 2021

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11-05-2021 10:00:00
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