HOSPITALITY PROPERTY FUND LIMITED - Notice Confirming Written Consent of the Noteholders

Notice Confirming Written Consent of the Noteholders

Hospitality Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/014211/06)
Company code: HPAI
(Approved as a REIT by the JSE)
(“Hospitality” or “the Issuer”)

NOTICE CONFIRMING WRITTEN CONSENT OF THE NOTEHOLDERS

1.    We refer to the request for consent (Consent Request) dated 3 July 2017 delivered by the Issuer to
      each holder of Notes (the Noteholders) issued under the Issuer’s ZAR5,000,000,000 Domestic
      Medium Term Note Programme (the Programme) pursuant to the section headed “Terms and
      Conditions of the Notes” (the Terms and Conditions) in the programme memorandum dated
      28 April 2017 (the Programme Memorandum), in accordance with Condition 18 (Notices) of the
      Terms and Conditions for the purposes of obtaining the Noteholders’ written consent to authorise
      TMF Corporate Services (South African) Proprietary Limited (as Noteholder Trustee and Finance
      Provider) to provide the necessary consent to allow Hospitality Guarantee SPV (RF) Proprietary
      Limited (the Debt Guarantor), as the holder of certain Mortgage Bonds (defined below) forming part
      of the underlying security applicable to the ZAR60,000,000 Senior Secured Noted due 2020 (with
      Stock Code HPF06), ZAR80,000,000 Senior Secured Notes due 2017 (with Stock Code HPF07),
      ZAR150,000,000 Senior Secured Notes due 2019 (with Stock Code HPF09) and ZAR600,000,000
      Senior Secured Notes due 2018 (with Stock Code: HPF10) (together the Senior Secured Notes) to
      agree to the proposed extension of the time period in respect of the Real Right of Extension (as
      defined in the Consent Request).

2.    We confirm that 95.9% of all secured Noteholders consented in favour of the proposed
      authorisations and consents.


Date: 25 July 2017

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




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