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. 2009/016487/06)
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
   6 April 2017 delivered by the Issuer to each holder of Notes
   (the Noteholders) issued under the Issuer’s ZAR2,000,000,000
   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 March 2013 (the Programme Memorandum), in accordance with
   Condition 19 (Notices) of the Terms and Conditions for the
   purposes of obtaining the Noteholders’ written consent to
   various amendments in order to, restructure and increase the
   flexibility of the underlying security structure applicable to
   the Senior Secured Notes, such amendments including, inter
   alia, increasing the Programme size from ZAR2,000,000,000 to
   ZAR5,000,000,000 and making consequential changes to the
   Applicable Pricing Supplements relating to the Notes.

2. We confirm that 100% of all unsecured Noteholders and 99.9% of
   all secured Noteholders consented in favour of the proposed
   amendments which will be set out in the amended and restated
   Programme Memorandum and the relevant Applicable Pricing
   Supplements which will be made available on the Issuer’s
   website at www.hpf.co.za.


Debt Sponsor
Firstrand Bank   Limited,   acting       through   its   Rand   Merchant   Bank
division

Date: 26 April 2017




                                   

Date: 26/04/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.