HOSPITALITY PROPERTY FUND LIMITED - Cautionary Announcement

Cautionary Announcement

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
JSE share code: HPB    ISIN: ZAE000214656
(Approved as a REIT by the JSE)
(“Hospitality” or “the company”)


CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the company’s unaudited consolidated interim results for the six months ended
31 December 2016, released on SENS on 10 February 2017 and are advised that Hospitality has entered into
negotiations with Tsogo Sun Holdings Limited and/or its subsidiaries (“Tsogo Sun”) in relation to the potential
acquisition from Tsogo Sun of a circa R3.3 billion portfolio of hotel assets (the “proposed transaction”). The
proposed transaction will be implemented on an income-for-income basis and funded by Hospitality through a
combination of debt and equity. Accordingly, subject to the conclusion of formal agreements in respect of the
proposed transaction and securing of any necessary shareholder approvals, Hospitality is preparing to undertake an
underwritten rights offer to raise approximately R1.8 billion at offer pricing based on the then prevailing market price
of the company’s shares.

Shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement in
relation to the proposed transaction and rights offer is made.

10 February 2017


Sponsor
Java Capital

Date: 10/02/2017 11:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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