• Bidder has acquired over 90% of HPI securities
• Bidder will compulsorily acquire remaining HPI securities
• Acquisition will be on the same terms as the takeover offer
• HPI trading likely to be suspended, then delisted

Charter Hall Wholesale Management Limited, in its capacity as trustee for the CH Investment Trust and the CH Investment Co Trust (the Bidder), made an off-market takeover offer to acquire all of the stapled securities in Hotel Property Investments (ASX:HPI), comprising Hotel Property Investments Limited and Hotel Property Investments Trust. Based on acceptances received under the Offer, the Bidder has a relevant interest in more than 90% of the HPI securities. Accordingly, the Bidder will now exercise its right to acquire the remaining HPI securities which the Bidder does not hold under the compulsory acquisition provisions of the Corporations Act 2001. The compulsory acquisition will be on the same terms as the Offer, with a consideration of $3.752 per HPI security. Upon completion of the compulsory acquisition process, the Bidder will pay the consideration to HPI (as trustee) for the acquired securities. Securityholders whose securities are compulsorily acquired will be sent a claim form by HPI advising them how to claim their bid consideration. Trading in HPI securities on ASX is likely to be suspended 5 Business Days after the date of the notice, at which point, securityholders will no longer be able to sell their HPI securities on-market. Once suspended, ASX will remove HPI from the official list.