ACCELERATE PROPERTY FUND LIMITED - Changes to the board

Changes to the board

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


CHANGES TO THE BOARD

In compliance with paragraphs 3.59 and 6.39 of the JSE Limited Listings and Debt Listings
Requirements respectively, the board of directors of Accelerate (the “board”) would like to
advise shareholders and noteholders of Accelerate that Mr Abri Schneider was appointed on
23 March 2023 as an Executive Director, with immediate effect, in support of his appointment
as Joint Chief Executive Officer (“Joint CEO”).

The board further advises that Mr Dawid Wandrag and Mr Abri Schneider have been
appointed as Joint CEOs with effect from 1 April 2023.

The board confirms that the appointments of Mr Dawid Wandrag and Mr Abri Schneider were
done in accordance with the Company’s Nomination Policy.


Fourways
24 March 2023

Equity Sponsor
The Standard Bank of South Africa Limited

Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 24-03-2023 05:30:00
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