ACCELERATE PROPERTY FUND LTD - Posting of circular and notice of general meeting

Posting of circular and notice of general meeting

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)



                                   POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING


1.   NOTICE OF POSTING OF CIRCULAR TO PLACE ACCELERATE SHARES UNDER THE CONTROL OF THE ACCELERATE DIRECTORS

     Accelerate shareholders (“Shareholders”) are referred to the announcement released by Accelerate on SENS on
     Thursday, 20 November 2014 and published in the press on Friday, 21 November 2014 regarding the acquisition by
     Accelerate of Portfolio 1 and the Shoprite Letting Enterprise from various vendors (“the Property Acquisitions”).

     In order for Accelerate to pursue the implementation of the Property Acquisitions, Shareholders are required to place a
     sufficient number of Accelerate shares under the control of the Accelerate directors (“the Directors”) to be issued pursuant
     to Accelerate settling any consideration payable in terms of the Property Acquisitions. Shareholders are accordingly
     notified that a circular to place Accelerate shares under the control of the Directors has been posted to Shareholders today,
     15 December 2014 containing, inter alia:

     -    details of the Property Acquisitions;
     -    a notice convening the general meeting of the Accelerate Shareholders (“General Meeting”); and
     -    a form of proxy to vote at the General Meeting (for use only by Certificated Accelerate Shareholders and Own-name
          Dematerialised Accelerate Shareholders).

     The General Meeting will be held at Cedar Square Shopping Centre, Management Office, 1st Floor, Corner Willow Avenue
     and Cedar Road, Fourways on Friday, 23 January 2015 at 10:00 to consider and, if deemed fit, pass, with or without
     modification, the resolutions necessary to implement the Property Acquisitions.

2.   IMPORTANT DATES AND TIMES

     The important dates and times in relation to the General Meeting are set out below:

      Notice record date, being the date on which Accelerate Shareholders must be
      registered in the Securities Register in order to be entitled to receive the Circular                  Friday, 5 December 2014
      
      Circular and notice of General Meeting posted to Accelerate Shareholders on                            Monday, 15 December 2014
      
      Last day to trade in Accelerate Shares in order to be entitled to attend, participate in               
      and vote at the General Meeting                                                                        Friday, 9 January 2015
      
      Record date to be eligible to attend and vote at the General Meeting                                   Friday, 16 January 2015
      
      Last day for lodging forms of proxy for General Meeting by 10:00 on                                    Thursday, 22 January 2015
     
      General meeting of Accelerate Shareholders at 10:00 on                                                 Friday, 23 January 2015
     
      Announcement of results of General Meeting released on SENS on                                         Friday, 23 January 2015

     Notes:
      
     1.   All dates and times are subject to amendment at the discretion of Accelerate. Any change will be published on SENS.
     2.   Accelerate Shareholders should note that, as transactions in Accelerate Shares are settled in the electronic settlement system used
          by Strate, settlement of trades takes place 5 business days after such trade. Therefore, Accelerate Shareholders who acquire
          Accelerate Shares after Friday, 9 January 2015 will not be eligible to participate in and vote at the General Meeting.
     3.   All times are local times in South Africa.


Sandton
15 December 2014

Investment bank and transaction sponsor to Accelerate
Investec Bank Limited

Sponsor
KPMG Services Proprietary Limited

Legal advisors
Glyn Marais

Date: 15/12/2014 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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