HPA/HPB - Hospitality Property Fund Limited - Dealings in securities by an

HPA/HPB - Hospitality Property Fund Limited - Dealings in securities by an      
associate of a director                                                         
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 of B linked units: HPB                                               
ISIN for B linked units: ZAE000076808                                           
("Hospitality")                                                                 
DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR                            
In terms of the Listings Requirements of the JSE Limited, the following         
information, relating to dealings in securities by directors, is disclosed:     
Director:                          G A Nelson and Z N Kubukeli, who are         
                                  directors and indirect shareholders of        
Nobuntu Investments II (Pty) Ltd, the entity  

                                  which is part of the transaction#             
Company:                           Hospitality                                  
Date of transaction:               7 September 2011                             
Nature of transaction:             Transfer of rights, title and interest in    
                                  terms of a pledge and security cession        
                                  agreement*                                    
Transactions completed:            Off market                                   
Class of securities:               HPA                                          
Number of securities transferred:  9 513 012 HPA#                               
Transfer price:                    R13.85 per HPA                               
Value of transaction:              R131 755 216.20                              
Nature of interest:                Indirect beneficial                          
Class of securities:               HPB                                          
Number of securities transferred:  9 513 012 HPB#                               
Transfer price:                    R6.15 per HPB                                
Value of transaction:              R58 505 023.80                               
Nature of interest:                Indirect beneficial                          
* Nobuntu Investments II (Pty) Ltd ("Nobuntu"), is one of Hospitality`s         
empowerment investment structures. As a consequence of the current trading      
conditions in the hotel industry and the impact that this has had on the        
distributions and market price of the HPB`s, Nobuntu is in a technical breach   
of its loan covenants with Absa Bank Limited ("the Lender") in terms of a loan  
agreement between the parties.  The Lender has as a result and in terms of a    
Pledge and Security Cession entered into between the Lender and Nobuntu, taken  
transfer of the rights, title and interest of 9 513 012 HPA and 9 513 012 HPB   
units.                                                                          
# G A Nelson and Z N Kubukeli are indirect shareholders of Nobuntu, with        
indirect interests of 10,58% and 3,18% respectively, in each of the HPA and HPB 
holdings of Nobuntu.                                                            
Johannesburg                                                                    
8 September 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 08/09/2011 09:00:10 Supplied by www.sharenet.co.za                     
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