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 the dealings in securities by directors, is disclosed: 
Director:                     M B Madumise and G A Nelson, who are directors and
                             indirect shareholders of Nobuntu Investments (Pty) 
Ltd, the entity (associate) which is part of the   

                             transaction#                                       
Company:                      Hospitality                                       
Date of transaction:          29 November 2011                                  
Nature of transaction:        Sale of securities                                
Transaction completed:        On market                                         
Class of securities:          HPA linked units                                  
Number of securities sold:    5 000 000 HPA#                                    
Sale price:                   R12.65 per HPA                                    
Value of transaction:         R63,250,000.00                                    
Nature of interest:           Indirect beneficial                               
* Nobuntu Investments (Pty) Ltd ("Nobuntu"), is a Hospitality empowerment       
investment structure. As a consequence of the imminent expiry of the structure`s
lending arrangement with Absa Bank Limited ("Absa"), the shareholders of Nobuntu
agreed with Absa, to facilitate the sale of the 5 000 000 HPA linked units owned
by Nobuntu.  The proceeds from the sale will be used foremost to settle         
Nobuntu`s indebtedness to Absa.                                                 
# M B Madumise and G A Nelson have indirect interests in Nobuntu amounting to   
10,58% and 6,05% respectively.                                                  
Johannesburg                                                                    
1 December 2011                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 01/12/2011 16:26:22 Supplied by www.sharenet.co.za                     
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