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7

Hyprop Investments Limited

Integrated annual report 2016

Manufactured capital

continued

Sub-Saharan Africa (SSA)

Distributable earnings

from SSA increased by

97,4%

to R83,7 million

Share of distributable

income for South-

Eastern Europe

R31,9 million

**

Delta City malls

(Serbia

and

Montenegro)

fully let

South-Eastern Europe

Upgrades and extensions (South African portfolio)

R37 million

extension to

Clearwater Mall

, housing

leading global fashion brands H&M, River

Island and Top Shop, opened in April 2016

R178 million

spent on capital projects, new

equipment and tenant installations

R167 million

planned for extensions to

shopping centres

H&M at

Somerset Mall

(R15,8 million)*

and Checkers at

Atterbury Value Mart

(R31 million) currently under construction

Tenant updates (South African portfolio)

First Starbucks in South Africa opened at

Cradock Heights

in April 2016

First H&M for Hyprop opened at

Clearwater Mall

in April 2016

Social and relationship capital

The Hyprop Foundation invested

R1,3 million

on education and community upliftment programmes

* Opened post year-end

** After interest on corporate debt