HOSPITALITY PROPERTY FUND LIMITED - Availability of the AFS of the Issuer and the Guarantors and update to information incorporated by reference

Availability of the AFS of the Issuer and the Guarantors and update to information incorporated by reference

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


AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND THE GUARANTORS AND
UPDATE TO INFORMATION INCORPORATED BY REFERENCE

AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND THE GUARANTORS

Noteholders are advised that the consolidated and separate audited annual financial statements for the year
ended 31 March 2021 of the Issuer (the “Issuer’s financial statements”) and the audited annual financial
statements of each of the subsidiary guarantors (collectively, the “Guarantors’ financial statements”) to the
Hospitality secured notes in issue, being HPF Properties Proprietary Limited, Fezisource Proprietary Limited,
The Cullinan Hotel Proprietary Limited and Merway Fifth Investments Proprietary Limited (collectively, the
“Guarantors”), are available for inspection at the Issuer’s registered office. The Issuer’s financial statements are
also available for inspection on Hospitality’s website at http://www.hpf.co.za/investors/financial-
reports/integrated-annual-reports .

The audit reports issued on the Issuer’s financial statements and the Guarantors’ financial statements were
unqualified, with no modifications applicable.

Noteholders are also advised that there were no restatements included in the Issuer’s financial statements or
the Guarantors’ financial statements.

UPDATE TO INFORMATION INCORPORATED BY REFERENCE

Noteholders are further advised that the corporate governance report of the Issuer, incorporated by reference
in the Issuer’s ZAR 10 billion Domestic Medium Term Note Programme memorandum dated 31 January 2019
(the “Programme”), is outdated and will no longer be published. Hospitality is now a wholly-owned subsidiary
of Tsogo Sun Hotels Limited (“TGO”) and is included in TGO’s application of the King Code of Governance
Principles for South Africa 2016 (“King IV”). Information on TGO’s governance framework and its application of
King IV can be viewed on its website at http://www.tsogosun.com/investors/governance/king-iv . TGO’s
application of King IV therefore replaces the Issuer’s corporate governance report and is hereby incorporated
by reference in the Programme.

30 July 2021

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

Date: 30-07-2021 01:00:00
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