HYP - Hyprop Investments Limited - Hyprop Purchase of Placement Units

HYP - Hyprop Investments Limited - Hyprop Purchase of Placement Units           
Hyprop Investments Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1987/005284/06)                                               
Share Code: HYP   ISIN Code: ZAE000003430                                       
("Hyprop")                                                                      
HYPROP PURCHASE OF PLACEMENT UNITS                                              
The agreement in terms of which Hyprop acquired 100% of the shares in Attfund   
Retail Limited (the "acquisition agreement") made provisions for a vendor       
placement of up to 15 million of the 92 million consideration units (issued as  
Hyprop convertible instruments) to be undertaken within 45 days of the effective
date of the acquisition, being 1 September 2011 and a further vendor placement  
of an additional 15 million placement units by 30 October 2011 (collectively the
"placement units").                                                             
Pursuant to its contractual rights in terms of the acquisition agreement, Hyprop
has elected to effectively repurchase 15 million of the placement units at a    
price of R54.00 per placement unit for a total consideration of R810 million.   
This will be funded by Hyprop out of its available debt facilities. The         
repurchase of the 15 million placement units will have no material impact on    
distributions paid to Hyprop unitholders for the period ending 31 December 2011.
Subject to market conditions being conducive, the remaining 15 million placement
units may be placed in the market during the period expiring 30 October 2011.   
These units remain subject to Hyprop`s underwrite commitment in terms of which, 
if the units are not placed at a placement price of at least R54.00, Hyprop may 
elect to either make good the difference between the actual placement price of  
the placement units and R54.00 and/or to repurchase the relevant units at R54.00
per unit.                                                                       
Johannesburg                                                                    
13 October 2011                                                                 
Corporate advisor and legal advisor to Hyprop                                   
Java Capital (Proprietary) Limited                                              
Sponsor to Hyprop                                                               
Java Capital Trustees and Sponsors (Proprietary) Limited                        
Date: 13/10/2011 09:16:01 Supplied by www.sharenet.co.za                     
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