Dealings in Securities by Director and Company Secretary 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) Dealings in Securities by Director and Company Secretary In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are advised of the following dealings by director and Company Secretary of Accelerate: Name of director: Andrew Costa Nature of transaction: Delivery of Accelerate ordinary shares following the distribution of a cash dividend with the election to re-invest the cash dividend in return for Accelerate ordinary shares Number of shares: 3 766 Date of transaction: 27 July 2016 Price per share: 586 cents Total value of the transaction: R 22 068.76 Nature of transaction: On-market Nature of interest: Indirect beneficial Clearance to deal obtained: Yes Name of director: Dimitri Kyriakides Nature of transaction: Delivery of Accelerate ordinary shares following the distribution of a cash dividend with the election to re-invest the cash dividend in return for Accelerate ordinary shares Number of shares: 2 267 Date of transaction: 27 July 2016 Price per share: 586 cents Total value of the transaction: R 12 284.62 Nature of transaction: On-market Nature of interest: Direct beneficial Clearance to deal obtained: Yes Name of Company Secretary: Joanne Mattison Nature of transaction: Delivery of Accelerate ordinary shares following the distribution of a cash dividend with the election to re-invest the cash dividend in return for Accelerate ordinary shares Date of transaction: 458 Number of shares: 27 July 2016 Price per share: 586 cents Total value of the transaction: R2 683.88 Nature of transaction: On-market Nature of interest: Direct beneficial Clearance to deal obtained: Yes Clearance for these transactions was provided in terms of section 3.66 of the Listings Requirements. Fourways 28 July 2016 Sponsor The Standard Bank of South Africa Limited Date: 28/07/2016 03:41:00 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.