Hyprop takes next step in reducing its exposure to Sub-Saharan Africa HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 JSE bond issuer code: HYPI (Approved as a REIT by the JSE) ("Hyprop") HYPROP TAKES NEXT STEP IN REDUCING ITS EXPOSURE TO SUB-SAHARAN AFRICA Further to Hyprop's stated intention to reduce its exposure to its African investments, shareholders are advised that Hyprop and AttAfrica Limited ("AttAfrica") have concluded an agreement to dispose of their interests in Manda Hill Shopping Centre in Zambia ("the disposal"). The 42 000m2 mall is owned 50% by Hyprop Investments (Mauritius) Limited and 50% by AttAfrica, in which Hyprop owns a 37.5% stake. The sale price is in line with Hyprop's valuation of the Manda Hill Shopping Centre at 31 December 2018 and the disposal is not expected to have a material effect on the price of Hyprop's securities. Hyprop's share of the disposal proceeds will be used to settle a portion of its US Dollar denominated debt. Hyprop is in discussions with several parties regarding the disposal of the remaining African shopping malls in which it has interests. The disposal is not a categorisable transaction for Hyprop in terms of the JSE Listings Requirements and the disclosures provided in this announcement are voluntary and for information purposes only. 5 August 2019 Sponsor Java Capital Date: 05/08/2019 11:25:00 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.