Change statement and publication of annual financial statements 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”) CHANGE STATEMENT AND PUBLICATION OF ANNUAL FINANCIAL STATEMENTS Shareholders are advised that Hospitality’s audited annual financial statements (“audited results”) report for the period ended 31 March 2017 was dispatched to shareholders today and is available on the company’s website – www.hpf.co.za. The only change from the reviewed condensed consolidated financial results for the period ended 31 March 2017 (“reviewed results”) released on SENS on 24 May 2017 is noted below: A Nedbank loan, identified as loan 04, to the value of R150 million which expires in February 2018, was previously disclosed under non-current liabilities in the reviewed results. The loan has been reclassified to current liabilities in the audited results. The total liabilities balance remains R 1 857 560 000 in both the reviewed results and audited results. No other balances or amounts were affected by this reclassification. Extracts from the reviewed and audited results Audited results Reviewed results Difference R’000 R’000 R’000 Liabilities Non-current liabilities Interest-bearing liabilities 1 488 493 1 638 493 (150 000) Current liabilities Interest-bearing liabilities 230 000 80 000 150 000 31 August 2017 Sponsor Java Capital Date: 31/08/2017 02:05:00 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.