Interest Rate Reset - HPF02 & HPF03 Hospitality Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2009/016487/06) Company code: HPAI ISIN HPF02:ZAG000104803 ISIN HPF03:ZAG000104811 (“Hospitality”) INTEREST RATE RESET ANNOUNCEMENT HPF02 7.625% p.a. (2.400% over 3 month Jibar of 5.225%) for the period 15 January 2014 to 14 April 2014, payable on 15 April 2014 (Following*) Next reset: 15 April 2014 HPF03 7.925% p.a. (2.700% over 3 month Jibar of 5.225%) for the period 15 January 2014 to 14 April 2014, payable on 15 April 2014 (Following*) Next reset: 15 April 2014 JIBAR rate as at 15 January 2014: 3 Month 5.225% *When the Interest Payment Date falls on a non-business day, one of the following Date Conventions will be applied, as specified for each individual bond: 1. Following – This means that the interest will be paid on the first business day after the weekend or public holiday. 2. Modified Following – This means that the interest will be paid on the first business day after the weekend or public holiday. However, if the first business day after the weekend or public holiday falls in a new calendar month the last business day before the weekend / public holiday will be used instead. 3. Preceding – This means that the interest will be paid on the last business day before the weekend or public holiday. 15 January 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 15/01/2014 03:31:00 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.