APF04-New Instrument Listing Accelerate Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/015057/06) Company code: APFE ISIN: ZAG000140104 (“Accelerate”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted Accelerate (the “Issuer”) the listing of its APF04 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: R1 001 000 000.00 Instrument Code: APF04 Nominal Issued: R225,000,000.00 Issue Price: 100% Interest Rate for First 9.658% (3 month JIBAR as at 19 October Interest Period: 2016 of 7.358% plus 2.30%) Interest Rate: 3 month JIBAR on each Interest Reset Date plus 2.30% Coupon Rate Indicator: Floating Issue Date: 21 October 2016 Interest Commencement Date: 21 October 2016 First Interest Payment Date: 21 January 2017 Maturity Date: 21 October 2021 Last day to register: 17h00 on 10 January, 10 April and 10 July and 10 October of each year until the Maturity Date Books Close: 11 January, 11 April and 11 July and 11 October of each year until the Maturity Date Interest Payment Date(s): 21 January, 21 April, 21 July and 21 October of each year until the Maturity Date. ISIN: ZAG000140104 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. 20 October 2016 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 20/10/2016 10:40:00 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.