Posting of circular and notice of general meeting 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”) POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING 1. INTRODUCTION Accelerate shareholders (“Shareholders”) are referred to the announcement released by the Company on the Stock Exchange News Service of the JSE Limited (“SENS”) on Monday, 24 October 2016 regarding the acquisition of an offshore property portfolio. Shareholders are hereby advised that a circular containing, inter alia, details of the acquisition, a notice of general meeting of Shareholders (“General Meeting”), and forms of proxy was posted to Shareholders today and is available on Accelerate’s website at http://acceleratepf.co.za/investor-centre/circulars/ (the “Circular”). 2. NOTICE OF GENERAL MEETING Notice is hereby given that a General Meeting of the Shareholders will be held at Accelerate’s registered office at 10:00 on Tuesday, 22 November 2016, at Cedar Square Shopping Centre, Management\Office, 1st Floor, Corner Willow Avenue and Cedar Road, Fourways. 3. IMPORTANT DATES AND TIMES The important dates and times in relation to the General Meeting are set out below: 2016 Record date to be entitled to receive the Circular incorporating the Friday, 14 October notice convening the General Meeting on Circular and notice of General Meeting posted to Shareholders on Monday, 24 October Last day to trade in shares in order to be recorded in Accelerate’s Tuesday, 8 November securities register to vote at the General Meeting on Record date to be entitled to attend, participate in and vote at the Friday, 11 November General Meeting by close of trading on Proxy forms for the General Meeting to be received, for Friday, 18 November administrative purposes, by 10:00 on General Meeting held at 10:00 on Tuesday, 22 November Results of the General Meeting released on SENS on Tuesday, 22 November Notes 1. The above important dates and times are subject to change. Any changes will be released on SENS. 2. All times are local times in South Africa. Johannesburg 24 October 2016 Financial Advisor and Transaction Sponsor Investec Bank Limited Sponsor The Standard Bank of South Africa Limited Date: 25/10/2016 07:05:00 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.