ACCELERATE PROPERTY FUND LIMITED - APF - Notification of Partial and Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

APF - Notification of Partial and Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
(Approved as a REIT by the JSE)
Bond code: APF04 ISIN: ZAG000140104
Bond code: APF06 ISIN: ZAG000146275
Bond code: APF07 ISIN: ZAG000152141
Bond code: APF09 ISIN: ZAG000152760
Bond code: APF10 ISIN: ZAG000162256
Bond code: APF12 ISIN: ZAG000170390
(“Accelerate” or the “Issuer”)


NOTIFICATION OF PARTIAL AND FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS
OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Accelerate’s ZAR 5,000,000,000.00 Domestic
Medium Term Note Programme dated 9 September 2014, noteholders are herewith advised of both
the partial and full capital reductions of the APF04, APF06, APF07, APF09, APF10 and APF12 notes
(collectively, the “Notes”) and the accrued interest paid thereon.

Bond code:                                                  APF04
ISIN:                                                       ZAG000140104
Nominal amount before reduction:                            ZAR 275 000 000.00
Reduction of nominal amount:                                ZAR 225 000 000.00
Nominal amount after reduction:                             ZAR 50 000 000.00
Settlement amount:                                          ZAR 227 137 383.00
Accrued interest amount:                                    ZAR 2 137 383.00, included in the
                                                            settlement amount
Annualised interest rate:                                   6.083%
Interest period:                                            21 July 2021 to 15 September
                                                            2021

Bond code:                                                  APF06
ISIN:                                                       ZAG000146275
Nominal amount before reduction:                            ZAR 200 000 000.00
Reduction of nominal amount:                                ZAR 110 000 000.00
Nominal amount after reduction:                             ZAR 90 000 000.00
Settlement amount:                                          ZAR 110 409 999.00
Accrued interest amount:                                    ZAR 409 998.60, included in the
                                                            settlement amount
Annualised interest rate:                                   5.915%
Interest period:                                            24 August 2021 to 15 September
                                                            2021

Bond code:                                                  APF07
ISIN:                                                       ZAG000152141
Nominal amount before reduction:                            ZAR 150 000 000.00
Reduction of nominal amount:                                ZAR 105 000 000.00
Nominal amount after reduction:                             ZAR 45 000 000.00
Settlement amount:                                          ZAR 104 813 839.00
Accrued interest amount:                                    ZAR 186 160.80, included in the
                                                            settlement amount
Annualised interest rate:                                   5.883%
Interest period:                                            25 June 2021 to 15 September
                                                            2021

Bond code:                                                  APF09
ISIN:                                                       ZAG000152760
Nominal amount before reduction:                            ZAR 321 000 000.00
Reduction of nominal amount:                                ZAR 139 000 000.00
Nominal amount after reduction:                             ZAR 182 000 000.00
Settlement amount:                                          ZAR 140 161 035.00
Accrued interest amount:                                    ZAR 1 161 035.03, included in the
                                                            settlement amount
Annualised interest rate:                                   5.863%
Interest period:                                            26 July 2021 to 15 September
                                                            2021

Bond code:                                                  APF10
ISIN:                                                       ZAG000162256
Nominal amount before reduction:                            ZAR 156 000 000.00
Reduction of nominal amount:                                ZAR 125 000 000.00
Nominal amount after reduction:                             ZAR 31 000 000.00
Settlement amount:                                          ZAR 125 058 736.00
Accrued interest amount:                                    ZAR 58 736.25, included in the
                                                            settlement amount
Annualised interest rate:                                   5.717%
Interest period:                                            13 September 2021 to 15
                                                            September 2021

Bond code:                                                  APF12
ISIN:                                                       ZAG000170390
Nominal amount before reduction:                            ZAR 150 000 000.00
Reduction of nominal amount:                                ZAR 150 000 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement amount:                                          ZAR 150 630 924.00
Accrued interest amount:                                    ZAR 630 924.00, included in the
                                                            settlement amount
Annualised interest rate:                                   6.675%
Interest period:                                            24 August 2021 to 15 September
                                                            2021

Pay date of the repurchases:                                16 September 2021
Effective date of the reductions in nominal amount:         16 September 2021

The partial and full capital reductions are due to the repurchase of the Notes by the Issuer.

14 September 2021

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14-09-2021 11:28:00
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