Notice Confirming Written Consent of the Noteholders Hospitality Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/014211/06) Company code: HPAI (Approved as a REIT by the JSE) (“Hospitality” or “the Issuer”) NOTICE CONFIRMING WRITTEN CONSENT OF THE NOTEHOLDERS 1. We refer to the request for consent (Consent Request) dated 3 July 2017 delivered by the Issuer to each holder of Notes (the Noteholders) issued under the Issuer’s ZAR5,000,000,000 Domestic Medium Term Note Programme (the Programme) pursuant to the section headed “Terms and Conditions of the Notes” (the Terms and Conditions) in the programme memorandum dated 28 April 2017 (the Programme Memorandum), in accordance with Condition 18 (Notices) of the Terms and Conditions for the purposes of obtaining the Noteholders’ written consent to authorise TMF Corporate Services (South African) Proprietary Limited (as Noteholder Trustee and Finance Provider) to provide the necessary consent to allow Hospitality Guarantee SPV (RF) Proprietary Limited (the Debt Guarantor), as the holder of certain Mortgage Bonds (defined below) forming part of the underlying security applicable to the ZAR60,000,000 Senior Secured Noted due 2020 (with Stock Code HPF06), ZAR80,000,000 Senior Secured Notes due 2017 (with Stock Code HPF07), ZAR150,000,000 Senior Secured Notes due 2019 (with Stock Code HPF09) and ZAR600,000,000 Senior Secured Notes due 2018 (with Stock Code: HPF10) (together the Senior Secured Notes) to agree to the proposed extension of the time period in respect of the Real Right of Extension (as defined in the Consent Request). 2. We confirm that 95.9% of all secured Noteholders consented in favour of the proposed authorisations and consents. Date: 25 July 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) 1 Date: 25/07/2017 01:05:00 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.