Changes to the board of directors HOSPITALITY PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/014211/06) JSE share code: HPB ISIN: ZAE000214656 Bond company code: HPAI (Approved as a REIT by the JSE) ("Hospitality" or "the company") CHANGES TO THE BOARD OF DIRECTORS Shareholders are advised that independent non-executive director, Mrs ZN Malinga, who is due to retire by rotation at the upcoming annual general meeting of the company, expected to be held on 18 October 2018, has informed the company of her intention to retire from the board of directors of Hospitality (“the Board”) with effect from 18 October 2018, due to increased business commitments and will accordingly not offer herself for re-election. She will, however, continue to server on the Board until such date. Shareholders are further advised that Mr MH Ahmed has been appointed as an independent non-executive director of Hospitality with effect from 14 August 2018. Mr Ahmed is a businessman who has served on the boards of various listed companies, including as an alternate director for MTN. He is currently an independent non-executive director for both Montauk Holdings and Deneb Investments, where he also serves as the Chair of the audit, risk and remuneration committees and is the founder of the Gallagher Charitable Trust. The Board welcomes Mr Ahmed to Hospitality and express their gratitude and thanks to Mrs Malinga in advance for her valuable contribution to the company during her tenure and wish her well in her future endeavours. 15 August 2018 Sponsor Java Capital Date: 15/08/2018 04:55:00 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.