ACCELERATE PROPERTY FUND LIMITED - APF13 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

APF13 - Notification of a Partial Capital Reduction and Accrued Interest Payment 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: APF13
ISIN: ZAG000170853
(“Accelerate” or the “Issuer”)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT 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 the
partial capital reduction of the APF13 notes and the accrued interest paid thereon.

Bond code:                                                        APF13
ISIN:                                                             ZAG000170853
Nominal amount before reduction:                                  ZAR 129 000 000.00
Reduction of nominal amount:                                      ZAR 104 000 000.00
Nominal amount after reduction:                                   ZAR 25 000 000.00
Settlement amount:                                                ZAR 104 272 489.36
Pay date of the repurchase:                                       1 October 2020
Effective date of the reduction in nominal amount:                1 October 2020
Accrued interest amount:                                          ZAR 272 489.36, included in the
                                                                  settlement amount
Annualised interest rate:                                         6.375%
Interest period:                                                  16 September 2020 to 30
                                                                  September 2020

The partial capital reduction is due to the repurchase of the listed debt securities by the Issuer.



29 September 2020

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

Date: 29-09-2020 10:40:00
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