ACCELERATE PROPERTY FUND LTD - Results of General Meeting

Results of General Meeting

 Accelerate Property Fund Limited
 Incorporated in the Republic of South Africa
 Registration number 2005/015057/06
 Share code: APF
 ISIN: ZAE000185815
 (“Accelerate” or “the company”)
 (Approved as a REIT by the JSE)




                                   RESULTS OF GENERAL MEETING




Accelerate shareholders (“Shareholders”) are referred to the announcement published on the Stock
Exchange News Service of the JSE Limited on 15 December 2014, regarding the posting of a circular
(“Circular”) and notice of general meeting of Shareholders (“General Meeting”), and are hereby
advised that at the General Meeting held on Friday, 23 January 2015, all of the ordinary resolutions
contained in the notice of General Meeting, forming part of the Circular, were passed by the requisite
majority of votes of Shareholders present in person or represented by proxy at the General Meeting.

Details of the results of voting at the General Meeting are as follows:

 -    Total number of issued ordinary shares (“Shares”): 668 807 870
 -    Total number of issued Shares which were voted in person or represented by proxy:
      620 662 400 Shares, being 92.80 % of the total issued Shares
 -    There are no Shares in issue which are held in treasury


                                       Shares       Shares    Total Shares       Total        Shares
                                    voted for        voted           voted      Shares      abstained
                                     (% total      against         (number)   voted (%    (% of total
                                       Shares     (% total                    of total      Shares in
                                       voted)       Shares                   Shares in         issue)
                                                    voted)                      issue)

Ordinary Resolution No.1:              98.45%        1.55%     620 662 400      92.80%         0.003%
An additional 80,000,000
authorised but unissued
Shares to be placed under
the control of the Directors

Ordinary resolution No.2:              98.45%        1.55%     620 662 400      92.80%         0.003%
Seeking the approval to
authorise any Director or the
company secretary to do all
such things and sign all such
documents as are necessary
to give effect to the ordinary
resolutions proposed at the
General Meeting



Johannesburg
23 January 2015

Investment bank and transaction sponsor
Investec Bank Limited


Sponsor
KPMG Services (Pty) Ltd

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