HOSPITALITY PROPERTY FUND LIMITED - Rights offer results announcement

Rights offer results 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”)


RIGHTS OFFER RESULTS ANNOUNCEMENT


Shareholders are referred to the circular that was published on Tuesday, 18 July 2017 containing details of the rights
offer to Hospitality shareholders to raise R1 billion through an offer to Hospitality shareholders of 71 428 571 new
shares (“rights offer shares”) in the ratio of 21.76820 rights offer shares for every 100 Hospitality shares held on the
rights offer record date, at an issue price of R14.00 per rights offer share (“rights offer”).

Shareholders are hereby notified that the rights offer closed on Friday, 4 August 2017 and the results thereof are set
out below:

                                                                              Number of                         % of
                                                                    rights offer shares          rights offer shares
Rights offer shares available for subscription                               71 428 571                       100.0%
Subscription for rights offer shares                                         64 462 652                        90.2%
Applications for excess rights offer shares fulfilled                         6 422 271                         9.0%
Excess rights offer shares allocated to underwriter                             543 648                         0.8%
Total rights offer subscription                                              71 428 571                       100.0%

Shareholders are advised that applications for excess shares will be awarded in full and that 6 422 271 rights offer
shares will be awarded to shareholders in respect of such excess applications.

Dematerialised shareholders who subscribed for rights offer shares will have their accounts at their CSDP or broker
debited and updated with the rights offer shares to which they are entitled on Monday, 7 August 2017.

Certificated shareholders who subscribed for rights offer shares will have their accounts at their CSDP or broker
debited and updated with the rights offer shares to which they are entitled posted to them at their own risk on Monday,
7 August 2017.

The date of commencement of trading of the rights offer shares on the JSE is Monday, 7 August 2017. Following the
issue of the rights offer shares, the total issued share capital of the company will increase to 576 003 351 shares.


7 August 2017


Corporate advisor and sponsor
Java Capital

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