Dealings in securities by an associate of directors HOSPITALITY PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/014211/06) Share code of B shares: HPB ISIN for B shares: ZAE ZAE000214656 (Approved as a REIT by the JSE) ("Hospitality") DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS In terms of the Listings Requirements of the JSE Limited, the following information, relating to the dealings in securities by directors, is disclosed: Director: L McDonald Associate: Elsitime Proprietary Limited, of which Mrs McDonald is a director and 25% shareholder Company: Hospitality Date of transaction: 9 December 2016 Nature of transaction: On market purchase Class of securities: HPB shares Total number of securities acquired by Elsitime Pty Ltd: 60 000 Purchase price: R13.00 per HPB Total value of transaction: R780 000.00 Nature of interest: Dealings by an associate Clearance obtained: Yes Director: M von Aulock Associate: Elsitime Proprietary Limited, of which Mr von Aulock is a director and 75% shareholder Company: Hospitality Date of transaction: 9 December 2016 Nature of transaction: On market purchase Class of securities: HPB shares Total number of securities acquired by Elsitime Pty Ltd: 60 000 Purchase price: R13.00 per HPB Total value of transaction: R780 000.00 Nature of interest: Dealings by an associate Clearance obtained: Yes Johannesburg 13 December 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/12/2016 05:22:00 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.