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Fri 21 Sep 2007, 14:55 HPA/HPB - Hospitality - Amendment to the proposed
HPA   HPB
 HPA                                                                             
HPA/HPB - Hospitality - Amendment to the proposed Rights Offer                  
Hospitality Property Fund Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/014211/06)                                            
Share code for A linked units: HPA                                              
ISIN for A linked units: ZAE000076790                                           
Share code of B linked units: HPB                                               
ISIN for B linked units: ZAE000076808                                           
("Hospitality" or "the Fund")                                                   
AMENDMENT TO THE PROPOSED RIGHTS OFFER ("THE RIGHTS OFFER")                     
In an announcement released on SENS on 12 September 2007 and in the press on 13 
September 2007, Hospitality A- and B- linked unitholders ("linked unitholders") 
were advised that excess applications would be permitted and allocation would be
at the sole and complete discretion of the underwriters.                        
Linked unitholders are now advised that excess applications will not be         
permitted.                                                                      
All other salient terms and the dates and times of the rights offer remain      
unchanged.                                                                      
Further details will be provided in a circular to be posted to linked           
unitholders on or about 8 October 2007.                                         
Sandton                                                                         
21 September 2007                                                               
Merchant bank and sponsor                                                       
Rand Merchant Bank, a division of FirstRand Bank Limited                        
Date: 21/09/2007 14:55:01 Produced by the JSE SENS Department.                  
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