Dealings in securities by an associate of a director of the company HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 (Approved as a REIT by the JSE) ("Hyprop" or "the company") DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by an associate of a director of Hyprop: Name of associate: Homestead Group Holdings Limited ("Homestead") Name of director and relationship to director: Louis Norval, who is a director of Homestead which is 100% owned by Mountain Trust of which Louis Norval is a discretionary beneficiary Transaction date: 16 May 2019 Class of securities: Ordinary shares Number of securities: 740 244 Highest traded price per security:* R70.51 Weighted average price per security: R69.81208 Lowest traded price per security:* R68.95 Total value of transaction: R51 677 973.08 Nature of transaction: On-market sale Nature and extent of director's interest: Indirect beneficial * Highest and lowest traded prices on the market on the day. Homestead is a global investor with exposure to multiple jurisdictions, industries and currencies. The disposal of the Hyprop shares forms part of the rebalancing of Homestead's global portfolio. 17 May 2019 Sponsor Java Capital Date: 17/05/2019 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.