Changes to the board of directors 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” or “the Fund”) CHANGES TO THE BOARD OF DIRECTORS In accordance with Section 3.59 of the Listings Requirements of the JSE Limited, in respect of a change to the Board of Directors (“the board”), Hospitality is pleased to announce to its unitholders that Mr Don Bowden will take up the position of Chairman from Mr Willy Ross, who assumed the role of Acting Chairman following Mr Frank Berkeley’s resignation in February 2012. The board would like to thank Mr Ross for his leadership and support during his time as Acting Chairman. As previously advised on 20 February 2013, Mr Gerald Nelson retired as Chief Executive Officer (“CEO”) from the Fund and remains on the board as a non-executive director. Mr Andrew Rogers (previously the deputy CEO of the Fund) has taken up the position of CEO. He will be assisted by Mr Ridwaan Asmal in his continuing role as Financial Director. Unitholders are further advised that Mr Syd Halliday and Mrs Anitha Soni have been appointed as Independent Non-Executive Directors to the board. Mr Halliday (CAIB (SA); ACIS) retired from Nedbank in 2004. He held various senior credit risk management positions in the property finance departments of Nefic, Syfrets, Nedcor Investment Bank and Nedbank. He served as the Independent Chairman of Nedbank Corporate Property Finance’s main property lending committee up to December 2012. Mr Halliday has over 30 years’ experience as a lending banker. Mrs Anitha Soni graduated in Hotel Management in 1978 and thereafter underwent her Business and Leadership Development through Cornell University and Arthur D Little in the USA. Mrs Soni was the Chairman of Brand South Africa. She served on a number of Tourism Boards and has assisted in the re-direction of national tourism strategy within the context of post-apartheid South Africa - included SA Tourism, Tourism KwaZulu Natal, Tourism Durban, BrandSA, and the Hospitality Industry Training Board, now CATSSETA. She is currently involved in development consulting and, the promotion of business linkages between Africa and Trade and Investment countries within the African continent and the BRICS member countries. Further to the restructure of its board, Hospitality has reconstituted its sub-committees as follows: Audit Remuneration Nomination Social & Investment Committee Committee Committee Ethics Committee Committee Linda de Willy Ross Don Bowden Zuko Willy Ross Beer (Chair) (Chair) Kubukeli (Chair) (Chair) (Chair) Kamil Don Bowden Linda de Ridwaan Kamil Abdul- Beer Asmal Abdul- Karrim Karrim Syd Gerald Nelson Zuko Anitha Syd Halliday Kubukeli Soni Halliday Willy Ross Gerald Zuko Nelson Kubukeli Gerald Nelson Andrew Rogers The above changes are all effective from 30 June 2013. Johannesburg 3 July 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/07/2013 02:45:00 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.