Attached please find a press release on: As announced on SENS today Hyprop has given three months notice of termination of its existing consultancy agreement with Redefine Properties Limited ("Redefine") following the recent resignation of Wolf Cesman as joint CEO of Redefine. Hyprop CEO Mike Rodel says: "Hyprop has benefited significantly over the last decade from the joint contributions of Cesman and Marc Wainer. However the consultancy agreement was initially entered into on the premise that both Cesman and Wainer would provide an ongoing combined contribution." The agreement was entered into on 27 October 2009 for an initial period of 18 months at a fixed fee of R1,5 million per month, with effect from January 2010.

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