APF03-New Instrument Lisitng Accelerate Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/015057/06) Company code: APFE ISIN: ZAG00128497 (“Accelerate”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted Accelerate (the “Issuer”) the listing of its APF03 Senior Secured Floating Rate Notes (the “Notes”), in terms of its ZAR5,000,000,000 Domestic Medium Term Note Programme dated 9 September 2014. INSTRUMENT TYPE: Floating Rate Notes Total Notes in Issue: R701 000 000.00 Instrument Code: APF03 Nominal Issued: R453,000,000.00 Issue Price: 100% Interest Rate for First 8.050% (3 month JIBAR as at 4 August Interest Period: 2015 of 6.300% plus 1.75%) Interest Rate: 3 month JIBAR on each Interest Reset Date plus 1.75% Coupon Rate Indicator: Floating Issue Date: 7 August 2015 Interest Commencement Date: 7 August 2015 First Interest Payment Date: 7 November 2015 Maturity Date: 7 August 2018 Last day to register: 17h00 on 27 October, 27 January, 26 April and 27 July of each year until the Maturity Date Books Close: 28 October, 28 January, 27 April and 28 July of each year until the Maturity Date Interest Payment Date(s): 7 November, 7 February,7 May and 7 August of each year until the Maturity Date. ISIN: ZAG00128497 Business Day Convention: Following Business Day Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited The Notes will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 6 August 2015 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 06/08/2015 04:22:00 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.