HPAI - Notification of changes to the Board of Directors and Board Committees Hospitality Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/014211/06) Company code: HPAI (“Hospitality” or the “Company”) NOTIFICATION OF CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES Noteholders are advised that subsequent to Tsogo Sun Hotels Limited (“Tsogo”) compulsorily acquiring the Remaining General Offer Shares of those Remaining General Offer Participants (the “Compulsory Acquisition”) and Tsogo becoming the sole shareholder of Hospitality on 11 March 2021, Hospitality will adopt Tsogo’s governance structure. Tsogo’s Audit and Risk, Social and Ethics and Remuneration and Nomination Committees will fulfil the roles and responsibilities of Hospitality’s existing Audit and Risk, Social and Ethics and Remuneration and Nomination Committees, which will be dissolved with effect from 31 March 2021. Noteholders are therefore advised that Mesdames LM Molefi^ and C September^ and Messrs MN von Aulock*, JR Nicolella*, MH Ahmed^, SC Gina^ and JG Ngcobo^ (collectively the “directors”) will resign from the board of Hospitality (the “Board”) with effect from 31 March 2021. The Board wishes to thank the directors, who continue to serve on the Tsogo board, for their valuable contributions to the Company during their tenure. * Non-Executive Director ^ Independent Non-Executive Director 31 March 2021 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31-03-2021 04:15:00 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.