ACCELERATE PROPERTY FUND LIMITED - Correction Announcement: Notification of Capital Reduction of Listed Debt Securities and Accrued Interest Payment

Correction Announcement: Notification of Capital Reduction of Listed Debt Securities and Accrued Interest Payment

Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
LEI Number: 3789008641F1D3D90E85
(Approved as a REIT by the JSE)
Bond code: APF07 ISIN: ZAG000152141
(“Accelerate” or the “Issuer”)


CORRECTION ANNOUNCEMENT: NOTIFICATION OF CAPITAL REDUCTION OF LISTED DEBT
SECURITIES AND ACCRUED INTEREST PAYMENT

Noteholders are referred to the announcement released on SENS on 9 March 2023, in relation to the
capital reduction and accrued interest payment notification on the APF07 notes and are advised of
the following corrections to the reduction in nominal amount, nominal amount after reduction,
accrued interest amount, the interest period and the payment and effective dates:

Bond code:                                                  APF07
ISIN:                                                       ZAG000152141
Nominal amount before reduction:                            ZAR 32 233 000.00
Reduction of nominal amount:                                ZAR 14 325 777.00
Nominal amount after reduction:                             ZAR 17 907 223.00
Settlement amount:                                          ZAR 14 612 263.51
Accrued interest amount:                                    ZAR 286 486.51 included in the
                                                            settlement amount
Annualised interest rate:                                   9.358%
Interest period:                                            28 December 2022 to 13 March
                                                            2023
Pay date of the repurchase:                                 14 March 2023
Effective date of the reductions in nominal amount:         15 March 2023


14 March 2023

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

Date: 14-03-2023 01:05:00
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