HOSPITALITY PROPERTY FUND LIMITED - Dealings in securities

Dealings in securities

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

In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements, shareholders are advised that the following
executive directors of Hospitality were awarded trust units in HPF
Employee Incentive Trust, a Trust established for the benefit of
the employees of HPF Management (Pty) Ltd, a Hospitality group
company. HPF Employee Incentive Trust purchased Hospitality B-
linked units in the open market. The allocation of each trust
unit has attached to it, the rights to a Hospitality B-linked unit
owned by the Trust. The salient details of the allocations are
set out below:


Executive Director:              AS Rogers
Designation:                     Chief Executive Officer
Company:                         Hospitality
Date:                            6 December 2013
Average price at which units
were awarded:                    R5,03
Number of trust units awarded:   547 580
Vesting periods:                 One third of the number of trust
                                 units vest on 30 September 2016,
                                 2017 and 2018 respectively.
Clearance:                       Yes
Nature of transaction:           Direct beneficial
Value of transaction:            R2 754 327,40 *


Executive Director:              R Asmal
Designation:                     Financial Director
Company:                         Hospitality
Date:                            6 December 2013
Average price at which units
were awarded:                    R5,03
Number of trust units awarded:   395 913
Vesting periods:                 One third of the number of trust
                                 units vest on 30 September 2016,
                                 2017 and 2018 respectively.
Clearance:                       Yes
Nature of transaction:           Direct beneficial
Value of transaction:            R1 991 442,39 *


* There is an outstanding loan balance equal to the value of the
transaction. At the time of vesting, the executive directors have
the option to take up their portion of the B-linked units at cost,
plus the outstanding loan interest, less distribution payments
received toward loan payments.


Johannesburg
10 December 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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