Changes to the board of directors HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 (Approved as a REIT by the JSE) ("Hyprop" or "the Company") CHANGES TO THE BOARD OF DIRECTORS Shareholders are hereby informed that Pieter Prinsloo, the chief executive officer of Hyprop, has indicated that he will be emigrating with his family and the board of directors ("the board") has accepted his resignation from the Company, and the board, with effect from 31 January 2019. Pieter has been instrumental in developing Hyprop into a company that has generated strong returns for shareholders over an extended period and is well positioned to continue doing so. The Company has an enviable portfolio of South African assets and, via Hystead, exposure to a high quality portfolio of properties in Central and South Eastern Europe. Hyprop has a strong management team with significant depth and experience. The board thanks Pieter for his considerable contribution to the Company and wishes him well in his future endeavours. The board is pleased to announcement the appointment of Morne Wilken as the incoming chief executive officer. Morne will join Hyprop, and the board, on 27 December 2018. Morne has considerable property experience having spent time at Atterbury Properties and Attacq Limited, with a focus on rolling out the Waterfall Development in Gauteng. He served as the chief executive officer of Attacq Limited from July 2011 to December 2017 and joined MAS Real Estate Inc. as chief executive officer in January 2018. Having indicated a desire to return to South Africa, the board welcomes Morne to Hyprop and looks forward to working with him. 2 October 2018 Sponsor Java Capital Date: 02/10/2018 08:50:00 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.