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HPAHPB - Hospitality Property Fund Limited - Results of the Rights Offer 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") RESULTS OF THE RIGHTS OFFER Linked unitholders are referred to the rights offer to Hospitality linked unitholders which closed on Friday, 15 June 2012 (the "rights offer") and are advised that linked unitholders and/or their renouncees applied for 35 805 005 A-linked units and 35 438 253 B-linked units, comprising 99.46% and 98.44% respectively of the 36 000 000 Hospitality A and B linked units offered in terms of the rights offer. The rights offer did not provide for excess applications and the balance of 194 995 A-linked units and 561 747 B-linked units will be subscribed for by the underwriters pursuant to their underwriting obligations. Dematerialised linked unitholders who have subscribed for linked units in terms of the rights offer will have their accounts debited and updated by their CSDP/broker on Monday, 18 June 2012. Certificated linked unitholders who have subscribed for rights offer linked units will have certificates posted to them on Wednesday, 20 June 2012. The proceeds from the rights offer will be used by Hospitality to repay the bridging facility provided by Absa, with the balance of the bridging facility being converted into a R850 million term loan term facility (of which Absa will provide R550 million and Nedbank R300 million) materially on the terms set out in the rights offer circular. Johannesburg 18 June 2012 Lead transaction sponsor and corporate advisor Java Capital Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 18/06/2012 15:13:02 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.
