Finalisation announcement in respect of the General Offer HOSPITALITY PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/014211/06) Company code: HPAI (Approved as a REIT by the JSE) JSE share code: HPB ISIN: ZAE000214656 (“Hospitality”) FINALISATION ANNOUNCEMENT IN RESPECT OF THE GENERAL OFFER Unless otherwise defined, all capitalised terms have the same meanings as defined in the joint offer circular issued by the Company and Tsogo Sun Hotels Limited, dated 21 October 2020 (“Circular”). Hospitality shareholders (“Shareholders”) are referred to announcement by Hospitality on SENS on 17 December 2020 in respect of the implementation of the General Offer. Shareholders are reminded that the General Offer is unconditional and the salient dates and times in relation to the implementation of the General Offer are as detailed below. Last day to trade to take up the General Offer Tuesday, 12 January 2021 Suspension of trading in Hospitality Wednesday, 13 January 2021 General Offer Record Date Friday, 15 January 2021 General Offer Closing Date. Dematerialised shareholders to communicate Friday, 15 January 2021 instructions to your CSDP or Broker by 12:00. Certificated shareholders to submit forms by 12:00. Last date on which General Offer participants are expected to have their Monday, 18 January 2021 accounts with their Broker or CSDP credited with the General Offer Consideration, on or about General Offer Payment Date Every Monday(1) during the General Offer Period Expected last General Offer Payment Date Monday, 18 January 2021 Expected termination of the listing of the Hospitality Shares at commencement Tuesday, 19 January2021 of trade on the JSE Notes: 1. The General Offer Consideration will be settled by the Transfer Secretaries every Monday on the applicable General Offer Consideration Payment Date which shall be within six (6) Business Days of acceptance. If the Offer Consideration Payment Date is a public holiday, then settlement of the Offer Consideration will be made on the first Business Day following the public holiday. Tsogo Sun Hotels Limited reserves the right to amend the above dates, including the General Offer Closing Date. Any such amendments will be published on SENS. The Independent Board accepts responsibility for the information contained in this announcement and confirm that to the best of their respective knowledge and belief, the information set out herein is true and this announcement does not omit anything likely to affect the importance of the information included. Fourways 21 December 2020 Legal adviser to Tsogo Sun Hotels and Hospitality Edward Nathan Sonnenbergs Incorporated Sponsor to Tsogo Sun Hotels and Transaction Sponsor to Hospitality Investec Bank Limited Date: 21-12-2020 10:47:00 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.