HPA/HPB - Hospitality Property Fund Limited - Cautionary announcement

HPA/HPB - Hospitality Property Fund Limited - Cautionary announcement           
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 for B-linked units: HPB                                              
ISIN for B-linked units: ZAE000076808                                           
("Hospitality")                                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders were advised in Hospitality`s 2011 Integrated Report that the       
group`s current debt facility with Absa Bank Limited ("Absa") of                
approximately R1.35 billion expires in February 2012. Hospitality is still      
in discussions with Absa and other funders regarding the re-financing of        
this facility.  It is likely that any re-financing will require Hospitality     
to undertake a rights offer during the first half of 2012 in order to reduce    
its gearing levels. A further announcement in this regard will be made in       
due course and unitholders are advised to exercise caution when dealing in      
their Hospitality linked units until such announcement is made.                 
Johannesburg                                                                    
23 January 2012                                                                 
Corporate advisor                                                               
Java Capital                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 23/01/2012 07:05:12 Supplied by www.sharenet.co.za                     
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.