Results 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) RESULTS OF GENERAL MEETING Accelerate shareholders (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service of the JSE Limited on 15 December 2014, regarding the posting of a circular (“Circular”) and notice of general meeting of Shareholders (“General Meeting”), and are hereby advised that at the General Meeting held on Friday, 23 January 2015, all of the ordinary resolutions contained in the notice of General Meeting, forming part of the Circular, were passed by the requisite majority of votes of Shareholders present in person or represented by proxy at the General Meeting. Details of the results of voting at the General Meeting are as follows: - Total number of issued ordinary shares (“Shares”): 668 807 870 - Total number of issued Shares which were voted in person or represented by proxy: 620 662 400 Shares, being 92.80 % of the total issued Shares - There are no Shares in issue which are held in treasury Shares Shares Total Shares Total Shares voted for voted voted Shares abstained (% total against (number) voted (% (% of total Shares (% total of total Shares in voted) Shares Shares in issue) voted) issue) Ordinary Resolution No.1: 98.45% 1.55% 620 662 400 92.80% 0.003% An additional 80,000,000 authorised but unissued Shares to be placed under the control of the Directors Ordinary resolution No.2: 98.45% 1.55% 620 662 400 92.80% 0.003% Seeking the approval to authorise any Director or the company secretary to do all such things and sign all such documents as are necessary to give effect to the ordinary resolutions proposed at the General Meeting Johannesburg 23 January 2015 Investment bank and transaction sponsor Investec Bank Limited Sponsor KPMG Services (Pty) Ltd Date: 23/01/2015 01:30:00 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.