HOSPITALITY PROPERTY FUND LIMITED - Submission of resolutions to Hospitality shareholders in terms of section 60 of the Companies Act, 2008 (the Act)

Submission of resolutions to Hospitality shareholders in terms of section 60 of the Companies Act, 2008 (“the Act”)

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”)


SUBMISSION OF RESOLUTIONS TO HOSPITALITY SHAREHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 2008 (“THE ACT”)

Shareholders are advised that the board of directors of the Company (“the Board”) has resolved to submit to
shareholders for consideration a special resolution approving the increase of the authorised share capital and a special
resolution in terms of section 41(3) of the Companies Act authorising the Company to issue 30% or more of the
Company’s ordinary shares (collectively, “the proposed resolutions”).

In terms of section 60(1) of the Act, a resolution that could be voted on at a shareholders’ meeting may instead be
submitted for consideration to the shareholders entitled to exercise voting rights in relation to the resolution, and be
voted on in writing by shareholders entitled to exercise voting rights in relation to the resolution, within 20 (twenty)
business days after the resolution was submitted to them.

Section 60(2) of the Act provides that a resolution contemplated in section 60(1) of the Act will have been adopted if
it is supported by persons entitled to exercise sufficient voting rights for it to have been adopted as an ordinary or a
special resolution, as the case may be, at a properly constituted shareholders’ meeting, and if adopted, such resolution
will have the same effect as if it had been approved by voting at a shareholders’ meeting.

A notice of submission together with the proposed resolutions and a form of written consent was distributed to
shareholders today setting out the detailed actions required to be taken by shareholders in respect of the proposed
resolutions. A copy of the notice of submission, proposed resolutions and form of written consent will be available on
Hospitality’s website www.hpf.co.za/investor-centre/notices/ from Thursday, 9 March 2017.

The Board has resolved that the record date for determining which shareholders are entitled to vote on the proposed
special resolutions in terms of the written consent is Friday, 3 March 2017.

9 March 2017


Corporate advisor and sponsor
Java Capital

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