ACCELERATE PROPERTY FUND LIMITED - Directors' dealings in securities

Directors' dealings in securities

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 sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited,
shareholders are advised of the following dealings in securities by directors of Accelerate pertaining
to the exercise of the Awards by executive directors of the Company (“Directors”) following the vesting
of the Awards in terms of the rules of the Conditional Share Plan and the subsequent issuance of
ordinary shares in the share capital of Accelerate (“Shares”) to Directors:

 Name of director:                       Dimitri Kyriakides
 Name of company:                        Accelerate
 Nature of transaction:                  Off-market exercise of Awards and issue of Shares allocated
                                         during 2014
 Date of transaction:                    1 December 2017
 Number of securities:                   491 319 Shares
 Class of securities:                    Ordinary shares
 Deemed price per security:              R5.12
 Total value of the transaction:         R2 515 553.28
 Extent of interest:                     Direct beneficial

 Name of director:                       Andrew Costa
 Name of company:                        Accelerate
 Nature of transaction:                  Off-market exercise of Awards and issue of Shares allocated
                                         during 2014
 Date of transaction:                    1 December 2017
 Number of securities:                   1 666 899 Shares
 Class of securities:                    Ordinary shares
 Deemed price per security:              R5.12
 Total value of the transaction:         R8 534 522.88
 Extent of interest:                     Direct beneficial

 Name of director:                       John Paterson
 Name of company:                        Accelerate
 Nature of transaction:                  Off-market exercise of Awards and issue of Shares allocated
                                         during 2014
 Date of transaction:                    1 December 2017
 Number of securities:                   833 420 Shares
 Class of securities:                    Ordinary shares
 Deemed price per security:              R5.12
 Total value of the transaction:         R4 267 110.40
 Extent of interest:                     Direct beneficial


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

Fourways
4 December 2017

Sponsor
The Standard Bank of South Africa Limited

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