ACCELERATE PROPERTY FUND LTD - Results Of Annual General Meeting

Results Of Annual General Meeting

 ACCELERATE PROPERTY FUND LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration No 2005/015057/06)
 JSE code: APF ISIN code: ZAE000185815
 (REIT status approved)
 (“Accelerate” or “the Company”)




                            RESULTS OF ANNUAL GENERAL MEETING

Results of annual general meeting
Accelerate Shareholders (“Shareholders”) are hereby advised that at the annual general meeting of
Shareholders held at 10h00 on Monday, 27 July 2015 (“the AGM”), all of the ordinary and special
resolutions contained in the notice of AGM, forming part of the 2015 Accelerate, Annual Report, were
passed by the requisite majority of votes of Shareholders present in person or represented by proxy at
the AGM.

Details of the results of voting at the AGM are as follows:
 -    Total number of issued ordinary shares (“Shares”): 691 423 255
 -    Total number of issued Shares net of treasury shares: 691 423 255 (“AGM Total Votable
      Shares”)
 -    Total number of issued Shares which were voted in person or represented by proxy:
      650 010 674 Shares, being 94% of the total issued Shares and 94% of the AGM Total Votable
      Shares. The total number of shares voted at the AGM, excluding abstained Shares which are
      not considered to be voted shares, amounted to 649 343 154 Shares (“Voted Shares”)

     Resolution                For    % of Voted         Against       % of       Votes    Abstained
                                         Shares                       Voted    cast as a
                                                                     Shares         % of
                                                                                  Voted
                                                                                 Shares

    Ordinary resolutions
1.1 To re-elect Ms 605 865 747             93.30%   43 477,407        6.70%        100%       0.096%
    Kolosa
    Madikizela as
    a director

1.2 To re-elect        649 343 154          100%                 0      0%         100%       0.096%
    Mr Timothy J
    Fearnhead as
    a director

2.1 To elect Mr        649 343 154          100%                 0      0%         100%       0.096%
    Timothy J
    Fearnhead as
    a member of
    and chairman
    of the audit
    and risk
    committee
2.2 To elect Dr        649 343 154    100%            0       0%    100%   0.096%
    Gert C
    Cruywagen
    as a member
    of the audit
    and risk
    committee

2.3 To elect Ms        649 343 154    100%            0       0%    100%   0.096%
    Koloza
    Madikizela as
    a member of
    the audit and
    risk
    committee

3   To re-appoint      649 343 154    100%            0       0%    100%   0.096%
    Ernst &
    Young as the
    independent
    auditor of the
    Company

4   To endorse         558 315 863   85.98%   91 027 291   14.02%   100%   0.096%
    the
    remuneration
    policy

5   To place the       633 445 097   97.56%   15 898 057   2.44%    100%   0.096%
    unissued
    authorised
    ordinary
    shares of the
    Company
    under the
    control
    of the
    directors

6   To authorise       649 343 154    100%            0       0%    100%   0.096%
    the directors
    to issue
    ordinary
    shares to
    afford
    shareholders
    distribution re-
    investment
    alternatives

7   To authorise       649 343 154    100%            0       0%    100%   0.096%
    any director
    to take the
    actions
    necessary to
    implement
    the
      resolutions
      passed at the
      AGM

    Special resolutions
1.1 To approve        572 807 231   88.21%   76 535 923   11.79%    100%   0.096%
    the payment
    of non-
    executive
    directors’
    fees to Mr
    Tito T
    Mboweni

1.2 To approve        648 245 539   99.83%   1 088 615    0.17%    100%    0.096%
    the payment
    of non-
    executive
    directors’
    fees to Dr
    Gert C
    Cruywagen

1.3 To approve        648 254 539   99.83%   1 088 615    0.17%    100%    0.096%
    the payment
    of non-
    executive
    directors’
    fees to Mr
    John RP
    Doidge

1.4 To approve        648 254 539   99.83%   1 088 615    0.17%    100%    0.096%
    the payment
    of non-
    executive
    directors’
    fees to Mr
    Timothy J
    Fearnhead

1.5 To approve        648 254 539   99.83%   1 088 615    0.17%    100%    0.096%
    the payment
    of non-
    executive
    directors’
    fees to Ms
    Kolosa
    Madikizela

1.6    To approve     648 254 539   99.83%   1 088 615    0.17%    100%    0.096%
      the payment
      of non-
      executive
    directors’
    fees to Prof
    Francois
    Viruly

2   To authorise      648 254 539   99.83%   1 088 615    0.17%   100%   0.096%
    the provision
    of financial
    assistance to
    purchase or
    subscribe for
    securities and
    financial
    assistance
    to a related or
    inter-related
    company or
    corporation

3   To authorise      622 243 686   95.83%   27 099 468   4.17%   100%   0.096%
    the Company
    to repurchase
    ordinary
    Shares




Johannesburg
28 July 2015

Sponsor
KPMG Services (Pty) Ltd

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