HYPROP INVESTMENTS LIMITED - Changes to the board of directors

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

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