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HPA/HPB - Hospitality Property Fund Limited - Terms of the rights offer and renewal of cautionary 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") Unitholders are referred to Hospitality`s recent SENS announcements relating to the rights offer, Hospitality`s medium term profit forecast and results of general meeting. TERMS OF THE RIGHTS OFFER Following engagement with Hospitality`s largest unitholders, the pricing of the rights offer has been settled. In terms of the rights offer: - Hospitality A-linked unitholders will be offered 40.55818 Hospitality A-linked units for every 100 A-linked units held by them on the record date for participation in the rights offer at a subscription price of R11.48 per unit; and - Hospitality B-linked unitholders will be offered 40.55818 Hospitality B-linked units for every 100 B-linked units held by them on the record date for participation in the rights offer at a subscription price of R3.25 per unit. The effect of the above will be an issue of 36 million rights offer A-linked units and 36 million rights offer B-linked units resulting in an amount of R 530.28 million being raised. Hospitality is still engaging with unitholders to obtain the necessary commitments to follow rights and/or agreements to underwrite in order to undertake the rights offer and anticipates to be in a position to publish the rights offer timetable within the next week to 10 days. The rights offer circular will contain the complete profit forecast for the years ending 30 June 2012, 2013 and 2014 together with detailed assumptions. RENEWAL OF CAUTIONARY While Hospitality continues to engage with unitholders to obtain the commitments to follow rights and/or to underwrite the rights offer Hospitality linked unitholders are advised to continue to exercise caution when dealing in their linked units. Johannesburg 10 April 2012 Corporate advisor and lead transaction sponsor Java Capital Reporting accountants KPMG Inc Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 10/04/2012 12:32:04 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.
