Results of General Meeting Accelerate Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/015057/06) Company code: APF ISIN: ZAE000185815 (“Accelerate” or “the Company”) (REIT status approved) RESULTS OF GENERAL MEETING Accelerate shareholders (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service of the JSE Limited on 05 May 2015, 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, 05 June 2015, the ordinary resolution contained in the notice of General Meeting, was 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”): 691 423 255 - Total number of issued Shares present/represented including proxies: 654 189 746 Shares, being 94.61% of the total issued Shares - There are no Shares in issue which are held in treasury Shares voted Shares voted Total Shares Total Shares Shares for (% total against (% voted voted (% of abstained (% Shares total Shares (number) total Shares of total voted) voted) in issue) Shares in issue) Ordinary Resolution No.1: An 99.84953% 0.15047% 654 022 416 94.59075% 0.02420% additional 80,000,000 authorised but unissued Shares to be placed under the control of the Directors for the purposes of issuing such Shares in connection with the acquisition by Accelerate of the entire share capital of Parktown Crescent Properties Proprietary Limited (“PCP”) and the remaining 30% of the entire share capital of Wanooka Properties Proprietary Limited, not already owned by PCP Fourways 05 June 2015 Merchant bank and transaction sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Sponsor KPMG Services Proprietary Limited Date: 05/06/2015 02:00:00 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.