ACCELERATE PROPERTY FUND LTD - 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

In compliance with section 3.63 to 3.74 of the Listings
Requirements of the JSE Limited, shareholders are advised of
the following dealings by directors of the Company:

1. Vesting of Retention Shares

  The information relating to the vesting of Retention
  Shares awarded under the Accelerate Conditional Share
  Plan (“CSP”), in accordance with the rules of the CSP, is
  set out below:

Name of director:             Dimitri Kyriakides
Nature of transaction:        Delivery of Accelerate ordinary
                              shares following the vesting of
                              rights granted in terms of the CSP
Number of shares:             47 161
Date of transaction:          17 September 2015
Price per share:              536 cents
Total value of the
transaction:                  R 252 782,96
Nature of transaction:        Off-market
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes

Name of director:             Andrew Costa
Nature of transaction:        Delivery of Accelerate ordinary
                              shares following the vesting of
                              rights granted in terms of the CSP
Date of transaction:          17 September 2015
Number of shares:             78 329
Price per share:              536 cents
Total value of the
transaction:                  R 419 843,44
Nature of transaction:        Off-market
Nature of interest:           Indirect beneficial
Clearance to deal obtained:   Yes

Name of director:              John Paterson
Nature of transaction:         Delivery of Accelerate ordinary
                               shares following the vesting of
                               rights granted in terms of the CSP
Date of transaction:           17 September 2015
Number of shares:              65 275
Price per share:               536 cents
Total value of the
transaction:                   R 349 874,00
Nature of transaction:         Off-market
Nature of interest:            Direct beneficial
Clearance to deal obtained:    Yes


2. Grant and Acceptance of Awards by Directors

  Shareholders are here by advised of the information
  pertaining to the award (“the Award”) and acceptance
  thereof, by executive directors of the Company, of
  conditional rights to ordinary shares in the share
  capital of Accelerate (“Shares”) in terms of the rules
  of the CSP.

  The Award comprises:

  -   conditional rights to Shares, the vesting of which is
      subject   to   the    fulfilment  of   the   employment
      condition,   as    specified   in  the   award   letter
      (“Retention Shares); and
  -   conditional rights to Shares, the vesting of which
      is subject to the fulfilment of the employment
      condition and performance condition(s) as specified
      in the award letter (“Performance Shares”).


Name of director:             Michael Georgiou
Name of company:              Accelerate Property Fund Limited
Nature of transaction:        Off-market acceptance of an award
                              of conditional Performance Shares
                              and Retention Shares
Date of acceptance of
award:                        22 September 2015
Number of shares:             201 244 Retention Shares (Vesting date: 1 April 2018)
                              824 770 Performance Shares (Vesting date: 1 April 2018)
Class of shares:              Ordinary shares
Price per share:              N/A
Total value of the            N/A
transaction:
Extent of interest:      Indirect beneficial

Name of director:        Dimitri Kyriakides
Name of company:         Accelerate Property Fund Limited
Nature of transaction:   Off-market acceptance of an award
                         of conditional Performance Shares
Date of acceptance of    22 September 2015
award:
Number of shares:        Allocation of 346 403 Performance Shares (Vesting date: 1 April 2018)
Class of shares:         Ordinary shares
Price per share:         N/A
Total value of the       N/A
transaction:
Extent of interest:      Direct beneficial

Name of director:        Andrew Costa
Name of company:         Accelerate Property Fund Limited
Nature of transaction:   Off-market acceptance of an award
                         of conditional Performance Shares
                         and Retention Shares
Date of acceptance of    22 September 2015
award:
Number of shares:        201 244 Retention Shares (Vesting date: 1 April 2018)
                         824 770 Performance Shares (Vesting date: 1 April 2018)
Class of shares:         Ordinary shares
Price per share:         N/A
Total value of the       N/A
transaction:
Extent of interest:      Indirect beneficial


Name of director:        John Paterson
Name of company:         Accelerate Property Fund Limited
Nature of transaction:   Off-market acceptance of an award
                         of conditional Performance Shares
                         and Retention Shares
Date of acceptance of    22 September 2015
award:
Number of shares:        150 933 Retention Shares (Vesting date: 1 April 2018)
                         412 385 Performance Shares (Vesting date: 1 April 2018)
Class of shares:         Ordinary shares
Price per share:         N/A
Total value of the       N/A
transaction:
Extent of interest:      Indirect beneficial


Clearance for these transactions was provided in terms of section 3.66 of the Listings Requirements.

Fourways
22 September 2015

Sponsor
The Standard Bank of South Africa Limited

Date: 22/09/2015 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.