Tsogo sun to acquire control of Hospitality : Update on salient dates and times HOSPITALITY PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/014211/06) Share code for A shares: HPA ISIN for A shares: ZAE000203022 Share code of B shares: HPB ISIN for B shares: ZAE000203030 (Approved as a REIT by the JSE) (“Hospitality” or “the company”) TSOGO SUN TO ACQUIRE CONTROL OF HOSPITALITY : UPDATE ON SALIENT DATES AND TIMES Shareholders are referred to the announcement released jointly by Tsogo Sun Holdings Limited (“Tsogo Sun”) and Hospitality on 1 September 2016 and are advised that an announcement of the final dates and times for implementation of the transaction in terms of which Tsogo Sun will acquire a controlling stake in Hospitality, the restructure of Hospitality’s dual-class share capital structure to a single-class share capital structure and the declaration of a clean-out dividend of an aggregate amount equal to Hospitality’s distributable profit as at 31 August 2016, will be released upon finalisation of the unaudited financial statements of Hospitality for the period from 1 July 2016 to 31 August 2016. A further announcement in this regard will be made in due course. 20 September 2016 Corporate advisor and transaction sponsor to Hospitality Java Capital Corporate advisor and transaction sponsor to Tsogo Sun Investec Bank Limited Date: 20/09/2016 05:45:00 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.