Combined unit repurchase programme HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000003430 (Approved as a REIT by the JSE) (“Hyprop” or “the company”) COMBINED UNIT REPURCHASE PROGRAMME Combined unitholders are advised that the company has entered into a combined unit repurchase programme for the purpose of hedging the initial allocation of combined units in the Hyprop Conditional Unit Plan. The repurchase programme will extend from the date of this announcement to the date the company releases its annual financial results for the 12 months ending 30 June 2014, which is expected to be on or about 31 August 2014. In terms of the combined unit repurchase programme, up to 153 659 Hyprop combined units will be repurchased at a price not greater than 10% above the volume weighted average trading price of Hyprop combined units on the JSE over the 5 business days immediately preceding any particular repurchase. Any repurchases effected under the combined unit repurchase programme will be in accordance with the general authority granted by special resolution of the company’s shareholders passed at the company’s annual general meeting and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act, 71 of 2008, as amended. 12 December 2013 Sponsor Java Capital Date: 12/12/2013 04:00:00 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.