ACCELERATE PROPERTY FUND LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

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)


Dealings in Securities by Directors


Grant and acceptance of conditional Shares by Directors

In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited,
shareholders are hereby advised of the following dealings in securities of Accelerate pertaining to
the award and acceptance thereof, by executive directors of the Company (“Directors”), of
conditional rights to ordinary shares in the share capital of Accelerate (“Shares”) in terms of the
rules of the Conditional Share Plan (“CSP”):

 Name of director:                      Michael Georgiou
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market acceptance of an award of conditional Shares
 Date of transaction:                   25 September 2018
 Number of securities:                  2 190 046 Shares (Vesting date: 1 April 2021)
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,42
 Total value of the transaction:        R9 680 003,32
 Extent of interest:                    Indirect beneficial

 Name of director:                      Andrew Costa
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market acceptance of an award of conditional Shares
 Date of transaction:                   25 September 2018
 Number of securities:                  2 190 046 Shares (Vesting date: 1 April 2021)
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,42
 Total value of the transaction:        R9 680 003,32
 Extent of interest:                    Indirect beneficial

 Name of director:                      John Paterson
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market acceptance of an award of conditional Shares
 Date of transaction:                   25 September 2018
 Number of securities:                  1 444 004 Shares (Vesting date: 1 April 2021)
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,42
 Total value of the transaction:        R6 382 497,68
 Extent of interest:                    Direct beneficial

 Name of director:                      Dimitri Kyriakides
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market acceptance of an award of conditional Shares
 Date of transaction:                   25 September 2018
 Number of securities:                  1 158 372 Shares (Vesting date: 1 April 2021)
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,42
 Total value of the transaction:        R5 120 004,24
 Extent of interest:                    Direct beneficial


Exercise of conditional Shares and issue of Shares to Directors

Shareholders are furthermore advised of the following dealings in securities by Directors following
the vesting of conditional Shares previously granted and accepted in terms of the rules of the CSP
and the subsequent issuance of Shares to Directors:

 Name of director:                      Andrew Costa
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market exercise of conditional Shares and issue of
                                        Shares
 Date of transaction:                   21 September 2018
 Number of securities:                  794 813 Shares
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,36
 Total value of the transaction:        R3 465 384,68
 Extent of interest:                    Direct beneficial

 Name of director:                      John Paterson
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market exercise of conditional Shares and issue of
                                        Shares
 Date of transaction:                   21 September 2018
 Number of securities:                  397 407 Shares
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,36
 Total value of the transaction:        R1 732 694,52
 Extent of interest:                    Direct beneficial

 Name of director:                      Dimitri Kyriakides
 Name of company:                       Accelerate
 Nature of transaction:                 Off-market exercise of conditional Shares and issue of
                                        Shares
 Date of transaction:                   21 September 2018
 Number of securities:                  99 351 Shares
 Class of securities:                   Ordinary shares
 Deemed price per security:             R4,36
 Total value of the transaction:        R433 170,36
 Extent of interest:                    Direct beneficial


Clearance for all the above transactions was obtained in terms of section 3.66 of the JSE Listings
Requirements.


Fourways
26 September 2018

Sponsor
The Standard Bank of South Africa Limited

Date: 26/09/2018 09:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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