HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand

HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand
Hotel and Arabella Western Cape Hotel and SPA - Registration of transfer        
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 for B-linked units: HPB                                              
ISIN for B-linked units: ZAE000076808                                           
("Hospitality")                                                                 
ACQUISITION OF THE WESTING GRAND HOTEL AND ARABELLA WESTERN CAPE HOTEL AND      
SPA - REGISTRATION OF TRANSFER                                                  
Hospitality informed unitholders on 6 April 2011 on SENS and in the press that  
the conditions precedent to the acquisition by HPF Properties (Proprietary)     
Limited, a wholly owned subsidiary of Hospitality Property Fund Limited, from   
Arabella South Africa Holding (Proprietary) Limited and its subsidiaries of the 
property letting and hotel businesses carried on by them under the names of     
Westin Grand Cape Town Arabella Quays Hotel and The Arabella Western Cape       
Hotel and Spa("the Acquisition") had all either been waived or fulfilled.       
Accordingly, Hospitality unitholders are further advised that on Friday, 13 May 
2011, HPF Properties took transfer of the immovable properties and the hotel    
business which forms the basis of the Acquisition.                              
20 May 2011                                                                     
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Legal advisor to Hospitality                                                    
Cliffe Dekker Hofmeyr Inc                                                       
Date: 20/05/2011 16:24:02 Supplied by www.sharenet.co.za                     
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