HYPROP INVESTMENTS LIMITED - Pre-close webcast and distribution guidance

Pre-close webcast and distribution guidance

 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” or “the company”)


 PRE-CLOSE WEBCAST AND DISTRIBUTION GUIDANCE


 PRE-CLOSE WEBCAST
 Shareholders are advised that Hyprop is hosting a pre-close conference call and webcast at 8:30am on Monday,
 2 December 2019, prior to Hyprop entering a closed period for the six months ending 31 December 2019.

 Participant telephone numbers:
 Johannesburg (Telkom)        011 535 3600
 Johannesburg (Neotel)        010 201 6800
 USA and Canada               1 508 924 4326

 Conference call replay:
 South Africa                    010 500 4108
 UK                              0 203 608 8021
 Australia                       073 911 1378
 USA                             1 412 317 0088
 International                   +27 010 500 4108
 Replay access code              29426

 Interested parties can access the webcast, via the internet, by navigating to:
 https://services.themediaframe.com/links/hyprop191202.html.

 A copy of the pre-close presentation to be used in the webcast is available on the company’s website:
 https://www.hyprop.co.za/ir-presentations.php.

 DISTRIBUTION GUIDANCE
 Shareholders are referred to the guidance provided in the integrated annual report for the year ended 30 June
 2019 relating to the expected distributable income per share for the year ending 30 June 2020, which noted that
 Hyprop expects a reduction in distributable income per share for the year ending 30 June 2020 of approximately
 10% to 13%. This guidance, which has not been reviewed or reported on by the company’s auditors, remains
 unchanged.

 Furthermore, as also noted in the integrated annual report for the year ended 30 June 2019, Hyprop has been
 considering reducing the dividend payout ratio in order to fund the group’s capital expenditure partly out of
 operating profit and strengthen the balance sheet. In this regard, the board of directors has resolved to introduce
 a reduced dividend pay-out ratio that will apply with effect from the distribution for the six months ending 31
 December 2019. The company intends distributing 92% of its distributable income per share until further notice.

 2 December 2019

 Sponsor
 Java Capital

Date: 02-12-2019 07:30:00
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