Notice confirming written consent of the noteholders Hospitality Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2009/016487/06) Company code: HPAI (Approved as a REIT by the JSE) (“Hospitality” or “the Issuer”) NOTICE CONFIRMING WRITTEN CONSENT OF THE NOTEHOLDERS 1. We refer to the request for consent (Consent Request) dated 6 April 2017 delivered by the Issuer to each holder of Notes (the Noteholders) issued under the Issuer’s ZAR2,000,000,000 Domestic Medium Term Note Programme (the Programme) pursuant to the section headed “Terms and Conditions of the Notes” (the Terms and Conditions) in the programme memorandum dated 28 March 2013 (the Programme Memorandum), in accordance with Condition 19 (Notices) of the Terms and Conditions for the purposes of obtaining the Noteholders’ written consent to various amendments in order to, restructure and increase the flexibility of the underlying security structure applicable to the Senior Secured Notes, such amendments including, inter alia, increasing the Programme size from ZAR2,000,000,000 to ZAR5,000,000,000 and making consequential changes to the Applicable Pricing Supplements relating to the Notes. 2. We confirm that 100% of all unsecured Noteholders and 99.9% of all secured Noteholders consented in favour of the proposed amendments which will be set out in the amended and restated Programme Memorandum and the relevant Applicable Pricing Supplements which will be made available on the Issuer’s website at www.hpf.co.za. Debt Sponsor Firstrand Bank Limited, acting through its Rand Merchant Bank division Date: 26 April 2017 Date: 26/04/2017 05:30:00 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.