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Wed 20 Sep 2006, 16:28 Hospitality - Adoption of distribution as the fina
HPA   HPB
 HPA                                                                             
Hospitality - Adoption of distribution as the financial results measure for     
               trading statement purposes                                       
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 Company")                                                
ADOPTION OF DISTRIBUTION AS THE FINANCIAL RESULTS MEASURE FOR TRADING STATEMENT 
PURPOSES                                                                        
Linked unitholders were advised in the trading statement announcement published 
on the Securities Exchange News Service on 23 August 2006 that the Company had  
made application to the JSE Limited ("the JSE") to be permitted to adopt        
distributable earnings as the measure for trading statements.                   
Further to the above application, Hospitality will be adopting distribution as  
the relevant measure of financial results for trading statements in terms of    
3.4(b)(viii) of the JSE Listings Requirements, for reporting periods commencing 
after 1 July 2006.                                                              
Johannesburg                                                                    
20 September 2006                                                               
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 20/09/2006 04:28:19 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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