Update regarding Covid-19, withdrawal of guidance and update regarding Edcon Limited HYPROP INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/005284/06) JSE share code: HYP ISIN: ZAE000190724 JSE bond issuer code: HYPI (Approved as a REIT by the JSE) (“Hyprop” or “the Company”) UPDATE REGARDING COVID-19, WITHDRAWAL OF GUIDANCE AND UPDATE REGARDING EDCON LIMITED UPDATE REGARDING COVID-19 Hyprop respects and supports the actions taken by the governments in the countries where we operate to mitigate the spread of Covid-19. Our top priority is to protect the health, safety, and well-being of our tenants, customers and all personnel. Subsequent to the SENS announcement by Hyprop on 23 March 2020, South Africa entered a 21-day lock-down period aimed at curbing the spread of the Covid-19 virus. On 28 and 29 March 2020 the governments of Nigeria and Ghana, respectively, imposed similar lock-downs in those countries for fourteen days. All Hyprop malls in South Africa, South Eastern Europe, Ghana and Nigeria are operating safely and effectively in compliance with the lock-down regulations. Supermarkets, pharmacies and other essential service providers continue to trade, and a limited number of mall entrances remain open with convenient parking close to these stores. ATMs and other essential services are also accessible. Our vision remains to create environments and opportunities for people to connect and have authentic and meaningful experiences. Our malls play an important role in our communities, which we believe they will continue to do during, and beyond, the current circumstances. WITHDRAWAL OF GUIDANCE FOR THE YEAR ENDING 30 JUNE 2020 Shareholders are referred to Hyprop’s announcement dated 23 March 2020 relating to the impact of Covid-19 on the Company, in which it was noted that it is not yet possible to predict or quantify the business impact of the Covid-19 virus and the state and societal responses to it. In light of this continued uncertainty, Hyprop hereby withdraws its distribution guidance for the year ending 30 June 2020. UPDATE REGARDING EDCON LIMITED Hyprop shareholders are referred to the announcement released by Edcon Limited (“Edcon”) on Thursday, 26 March 2020 regarding the impact of Covid-19 and the possible effects of the 21-day lockdown period on Edcon’s business. In 2019, as part of a broader landlord initiative, Hyprop agreed to contribute to Edcon’s restructuring by subscribing for equity in Edcon on a monthly basis, based on an agreed level of rent reductions by the participating landlords. The equity subscription by Hyprop for the six months to 31 December 2019 was R23.6 million and was deducted in calculating Hyprop’s distributable income for the period. Hyprop’s equity interest in Edcon was fully impaired at 31 December 2019. Hyprop announced in its Interim Results for the six months ended 31 December 2019 that, from 30 June 2019 to 26 February 2020, it had reduced its exposure to Edcon by 16 627m². Edcon currently occupies 50 199m2 in Hyprop’s South African malls and comprised 7.7% of Hyprop’s South African GLA, and 6.6% of Hyprop’s South African income, for the six months ended 31 December 2019. 1 April 2020 Sponsor Java Capital Date: 01-04-2020 02:08:00 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.