Dealings in securities by directors of Hyprop 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") DEALINGS IN SECURITIES BY DIRECTORS OF HYPROP Shareholders are advised of the following information relating to the award and acceptance of shares offered under the Hyprop Conditional Unit Plan ("the plan"): Name of director: Morne C Wilken Transaction date: 27 December 2018 Award Date: 1 January 2019 Class of securities: Ordinary shares Number of securities: 37 190 Price per security: RNil Total deemed value of transaction: R 3 301 261.84, being the total deemed value calculated using a volume weighted average price of R88.76746 per share over the 30 days prior to 20 December 2018, being the last practical date prior to which the offer was made and accepted Vesting dates: 70% on 31 December 2021, subject to performance conditions; and the balance on 31 December 2023 Nature of transaction: Off-market acceptance of the shares offered in terms of the plan Nature and extent of directors' interest: Direct beneficial Clearance to deal received: Yes Name of director: Brett C Till Transaction date: 27 December 2018 Award Date: 1 January 2019 Class of securities: Ordinary shares Number of securities: 18 926 Price per security: RNil Total deemed value of transaction: R 1 680 012.95, being the total deemed value calculated using a volume weighted average price of R88.76746 per share over the 30 days prior to 20 December 2018, being the last practical date prior to which the offer was made and accepted Vesting dates: 70% on 31 December 2021, subject to performance conditions; and the balance on 31 December 2023 Nature of transaction: Off-market acceptance of the shares offered in terms of the plan Nature and extent of directors' interest: Direct beneficial Clearance to deal received: Yes 27 December 2018 Sponsor Java Capital Date: 27/12/2018 09:30:00 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.