HOSPITALITY PROPERTY FUND LIMITED - Further cautionary announcement

Further cautionary announcement

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



FURTHER CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcements released on SENS on Friday, 2 March 2018 and Wednesday,
18 April 2018 and are advised that negotiations between Hospitality and Tsogo Sun Holdings Limited and/or its
subsidiaries ("Tsogo Sun") in relation to the potential acquisition by Hospitality of a portfolio of casino, hotel 
and office properties from Tsogo Sun ("the proposed transaction") are progressing well.

Hospitality expects to publish the detailed terms of the transaction and the proposed timetable shortly. If approved by
shareholders and implemented, Hospitality will have acquired a significant portion of Tsogo Sun's casino real estate
assets and will house real estate with a fair market value of circa R35 billion. This follows the two transactions
concluded in 2016 and 2017, whereby Hospitality acquired a significant portion of Tsogo Sun’s hotel real estate assets.

Shareholders are in the meantime advised to continue to exercise caution when dealing in the company's securities until
a further announcement in relation to the proposed transaction is made.

31 May 2018


Sponsor
Java Capital

Date: 31/05/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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