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JSE
JSE
Hospitality - Status of transfer of properties and confirmation of listing date
Hospitality Property Fund Limited
(formerly Vizirama 165 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
JSE code for A linked units: HPA ISIN: for A linked units ZAE000076790
JSE code for B linked units: HPB ISIN: for B linked units ZAE000076808
("Hospitality" or "the Company")
Status of transfer of properties and confirmation of listing date
1. Introduction
Further to the Prospectus issued on 23 January 2005 regarding the private
placement of A and B linked units and the proposed listing of 36 174 723
Hospitality A and B linked units, respectively, on the Real Estate - Real Estate
Holdings and Development sector of the JSE lists ("the Prospectus") and the
announcement dated 3 February 2006 regarding, inter alia, the results of the
private placement and a revised timetable, further information regarding the
listing of Hospitality is set out below.
2. Status of transfer of properties
As of 15 February 2006, all the properties acquired by Hospitality, save for
certain sectional title units ("units") that form part of the Kopanong Hotel and
Conference Centre ("Kopanong") have been transferred to Hospitality"s wholly-
owned subsidiary HPF Properties (Proprietary) Limited ("HPF"). The value of
units still to be transferred only amounts to R6.650 million out of the total
initial cost for Kopanong of R71.550 million. It is expected that the remaining
units (which represent 0.68% of the total initial cost of the properties in
Hospitality) will be transferred to HPF in the next few weeks and linked
unitholders will be informed of this on SENS. The outstanding transfer of the
remaining units does not have a material effect on the capital structure and
forecast yields as set out in the Prospectus.
3. Confirmation of listing date
As the conditions to the listing as set out in the paragraph 9.4 of the
Prospectus have been complied with, save for the transfer of the remaining units
which is not considered material, the Issuer Services Division of JSE Limited
has confirmed that the listing of Hospitality will be effective with the
commencement of business on Thursday, 16 February 2006.
Johannesburg
15 February 2006
Investment bank and Corporate law Lead independent
joint sponsor advisors and trustee reporting
for the debenture accountants and
holders auditors and lead
sponsor
Nedbank Capital Edward Nathan KPMG
Joint promoter Joint promoter and
hotel, tourism and
leisure consultants
Grapnel Property Horwath
Group
Date: 15/02/2006 11:51:59 AM Produced by the JSE SENS Department
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