HOSPITALITY PROPERTY FUND LIMITED - Non-resident withholding tax

Non-resident withholding tax

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Tax number 9770/799/1/47
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 Company")

NON-RESIDENT WITHHOLDING TAX

Further to the announcement of the unaudited Interim results for the six months ended
31 December 2013, interest payment declaration and trading statement released on the Stock
Exchange News Service earlier today, 26 February 2014, non-resident linked unitholders are advised
of the distribution net amount as follows:

Non-residents
Qualifying distributions received by non-resident linked unitholders will not be taxable as income and
instead will be treated as ordinary dividends but which are exempt in terms of the usual dividend
exemptions per section 10(1)(k) of the Income Tax Act. It should be noted that until 31 December
2013 qualifying distributions received by non-residents were not subject to dividend withholding
tax. From 1 January 2014, any qualifying distribution received by a non-resident from a REIT will be
subject to dividend withholding tax at 15%, unless the rate is reduced in terms of any applicable
double taxation agreement between South Africa and the country of residence of the linked
unitholder. Therefore the net amount for non-residents, not subject to any reduction, will amount to
59,3555 cents per A-linked unit and 16,3625 cents per B-linked unit.

26 February 2014
Johannesburg

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

Date: 26/02/2014 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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