Posting of Circular and Notice of General Meeting Accelerate Property Fund Limited (Registration number: 2005/015057/06) Share code: APF ISIN: ZAE000185815 (“Accelerate” or “the Company”) POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are referred to the detailed terms announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited on 29 June 2015 in which they were advised that the Company had entered into an agreement with Fourways Precinct Proprietary Limited and Azrapart Proprietary Limited in respect of the early exercise of the Company’s development option over the Fourways Mall (“the Transaction”). A circular, setting out, inter alia, the terms of the Transaction and incorporating a Notice of General Meeting (“GM”) convening a GM of Accelerate shareholders in order to consider and, if deemed fit, pass the ordinary resolutions necessary to authorise the Transaction, will be posted to shareholders today, 18 December 2015 (“the Circular”). Company shareholders are advised that the Circular is immediately available on Company’s website: http://acceleratepf.co.za/ Notice of the General Meeting Notice is hereby given that a general meeting of Accelerate shareholders will be held at Cedar Square Shopping Centre, Management Office, 1st Floor, Corner Willow Avenue and Cedar Road, Fourways, 2055 on Thursday, 28 January 2016 at 10:00 to transact the business as stated in the general meeting notice forming part of the Circular (“the Notice of General Meeting”). Salient dates The Notice of General Meeting has been sent to shareholders who were recorded as such in the Company’s securities register on Friday, 11 December 2015 being the notice record date used to determine which shareholders are entitled to receive Notice of the General Meeting. The salient dates relating to the General Meeting are detailed as follows: Last day to trade in order to be eligible to Friday, 15 January vote at the General Meeting 2016 Record date to participate in and vote at the Friday, 22 January General Meeting on 2016 Forms of Proxy for the General Meeting to be Wednesday, 27 January lodged with Accelerate or the Transfer 2016 Secretaries by no later than 10:00 on* General Meeting held at 10:00 Thursday, 28 January 2016 Results of the General Meeting to be released on Thursday, 28 January SENS 2016 Results of the General Meeting published in the Friday, 29 January press 2016 *any proxies not lodged by this time must be handed to the chairperson of the General Meeting immediately prior to the General Meeting. a) If the General Meeting is adjourned or postponed, Forms of Proxy submitted for the initial General Meeting will remain valid in respect of any adjournment or postponement of the General Meeting. Fourways 18 December 2015 Lead Investment Bank and Transaction Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Investment Bank Investec Bank Limited Lead Independent Sponsor The Standard Bank of South Africa Limited Legal Advisor Glyn Marais Inc. Independent Reporting Accountant Ernst & Young Advisory Services Proprietary Limited Independent Expert Questco Proprietary Limited Date: 18/12/2015 12:31:00 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.