HYPROP INVESTMENTS LIMITED - Notification in terms of section 45(5) of the Companies Act, 2008 (the Companies Act)

Notification in terms of section 45(5) of the Companies Act, 2008 (the “Companies Act”)

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
(Approved as a REIT by the JSE)
(“Hyprop” or “the Company”)

NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, 2008 (THE “COMPANIES ACT”)

Notice is hereby given to Hyprop shareholders in terms of the provisions of section 45(5) of the Companies
Act, 2008 (the “Act”) that the board of directors of Hyprop (“the Board”) has adopted a resolution to
provide financial assistance to its wholly-owned subsidiary, Hyprop Investments Mauritius Limited
(“Hyprop Mauritius”) for a loan facility amounting to USD50 000 000 (“the Facility”).

Hyprop has furnished an indemnity for the obligations of Hyprop Mauritius in respect of the Facility,
including the provision of first covering mortgage bonds over certain of Hyprop’s immovable properties.

The Facility will be utilised over the next two years to fund ongoing development activity in sub-Saharan
Africa (excluding SA).

The financial assistance has been granted pursuant to the authority granted to the Board by Hyprop
shareholders at the annual general meeting of Hyprop held on 25 November 2014.

In terms of section 45(3) (b) of the Act, the Board is satisfied that:

   -      immediately after the provision of the financial assistance, the Company will satisfy the solvency
          and liquidity test set out in section 4 of the Act; and
   -      the terms under which the financial assistance is proposed to be given are fair and reasonable to
          Hyprop.

12 August 2015


Sponsor
Java Capital

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