HPAN / HPBN - Hospitality Property Fund - Dealing in securities by directors

Tue, 24 Jun 2008

HPA                                                                             
HPAN / HPBN - Hospitality Property Fund - Dealing in securities by directors    
HOSPITALITY PROPERTY FUND LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/014211/06)                                            
Share code for A linked units: HPAN                                             
ISIN for A linked units: ZAE000105060                                           
Share code of B linked units: HPBN                                              
ISIN for B linked units: ZAE000105078                                           
("Hospitality")                                                                 
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of the Listings Requirements of the JSE Limited, the following         
information, relating to 
dealings in securities by directors, is disclosed:     
Director:                     Y Aminzadeh, who owns 100% of Hotel Tourism and   
                             Leisure Asset Management (Proprietary) Limited     
                             ("HTLAM"), the entity to which the exercised       
                             options have been ceded                            
Company of which a director:  Hospitality                                       
Date of transaction:          19 June 2008                                      
Nature of transaction:        Exercise of options in terms of the Hospitality   
                             Property Fund Managers (Pty) Ltd Share Incentive   
                             Scheme                                             
Class of securities:          Options in respect of HPA/HPB units               
Number of securities:         14 587 A-linked units                             
Option price:                 R10.26 per A-linked 
unit                          
Value of transaction:         R149 662.62                                       
Number of securities:         18 793 B-linked units                             
Option price:                 R8.98 per B-linked unit                           
Value of transaction:         R168 761.14                                       
Extent of interest:           Indirect beneficial                               
Clearance obtained:           Yes                                               
Director:                     G A Nelson, who is a beneficiary of The Nelson    
                             Family Trust, the entity to which the exercised    
                             options have been ceded                            
Company of which a director:  Hospitality                                       
Date of transaction:          19 June 2008                                      
Nature of transaction:        Exercise of options in terms of the Hospitality 
  
                             Property Fund Managers (Pty) Ltd Share Incentive   
                             Scheme                                             
Class of securities:          Options in respect of HPA/HPB units               
Number of securities:         27 091 A-linked units                             
Option price:                 R10.26 per A-linked unit                          
Value of transaction:         R277 953.66                                       
Number of securities:         34 902 B-linked units                             
Option price:                 R8.98 per B-linked unit                           
Value of transaction:         R313 419.96                                       
Extent of interest:           Indirect beneficial                               
Clearance obtained:           Yes                                               
The Hospitality Property Fund Managers (Proprietary) Limited ("HPFM") Share     
Incentive Scheme was 
set-up for the benefit of HPFM employees with shares       
acquired by HPFM at the time of listing of Hospitality in February 2006 at the  
issue price of R10,00 / HPA and R10,00 / HPB.                                   
Johannesburg                                                                    
24 June 2008                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 24/06/2008 13:17:01 Produced by the JSE SENS Department.                  
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