ACCELERATE PROPERTY FUND LTD - Announcement 60 day rule extension

Announcement – 60 day rule extension

Accelerate Property Fund Limited
(Approved as a REIT by the JSE)
Incorporated in the Republic of South Africa
Registration number 2005/015057/06
Share code: APF
ISIN: ZAE000185815
(“Accelerate” or “the Company”)

ANNOUNCEMENT – 60 DAY RULE EXTENSION

Accelerate shareholders are referred to the announcement released
on the Stock Exchange News Service on 29 June 2015 in which they
were advised of the proposed extension of the Fourways Mall
Shopping Centre, by the development of additional retail space
(“Combined Letting Enterprise”), as well as the Company’s proposed
early-exercise of an existing option to acquire that number of
undivided shares as to ensure a 50% holding in the Combined
Letting Enterprise.

Shareholders are advised that the Company has received an
extension from the Johannesburg Stock Exchange (“JSE”) to the 60
day rule in terms of Section 11 of the JSE Listings Requirements.
The required circular is in the process of being approved by the
JSE and will be posted to shareholders in due course.

Fourways
10 September 2015


Merchant bank and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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