Results of Annual 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”) (Approved as a REIT by the JSE) Results of Annual General Meeting Accelerate shareholders (“Shareholders”) are hereby advised that at the annual general meeting of Shareholders held at 10h00 on Friday, 21 July 2017 (“the AGM”), all of the ordinary and special resolutions contained in the notice of AGM were passed by the requisite majority of votes of Shareholders present in person or represented by proxy at the AGM, save for ordinary resolution number 7 “general authority to issue shares for cash” which was withdrawn immediately prior to the commencement of the AGM. Details of the results of voting at the AGM are as follows: - Total number of issued ordinary shares (“Shares”): 986 372 706 - Total number of issued Shares net of treasury shares: 986 372 706 (“AGM Total Votable Shares”) - Total number of issued Shares which were voted in person or represented by proxy: 914 739 172 Shares, being 93% of the total issued Shares and 100% of the AGM Total Votable Shares. The total number of shares voted at the AGM, excluding abstained Shares which are not considered to be voted shares, amounted to 914 739 172 Shares (“Voted Shares”) Resolution Resolution Number of Percentage For** Against** Abstained* Number shares voted of shares in % % % issue* % Ordinary resolutions 1.1 Re-election of Mr T Mboweni 914 604 151 92.72% 100% 0% 0.01% as a director 1.2 Re-election of Prof F Viruly as 914 604 151 92.72% 100% 0% 0.01% a director 2.1 Re-election of Mr T Fearnhead 914 604 151 92.72% 100% 0% 0.01% as chairman and member of the Audit and Risk Committee 2.2 Re-election of Dr G 914 604 151 92.72% 100% 0% 0.01% Cruywagen as member of the Audit and Risk Committee 2.3 Re-election of Ms K Madikizela 914 604 151 92.72% 100% 0% 0.01% as member of the Audit and Risk Committee 2.4 Re-election of Mr J Doidge as 914 604 151 92.72% 100% 0% 0.01% member of the Audit and Risk Committee 3 Re-appointment of Ernst & 914 604 151 92.72% 100% 0% 0.01% Young as independent external auditor 4 Non-binding advisory vote on 914 604 071 92.72% 59.29% 40.71% 0.01% the Company’s remuneration philosophy and report 5 To place the unissued 914 604 071 92.72% 59.52% 40.48% 0.01% authorised ordinary shares of the Company under the control of the directors 6 Specific authority to issue 914 604 151 92.72% 100% 0% 0.01% shares to afford shareholders distribution re-investment alternatives 8 Signing authority of directors 914 604 071 92.72% 100% 0% 0.01% Special resolutions 1.1 Approval of non-executive 914 604 151 92.72% 91.86% 8.14% 0.01% directors’ fees: Mr T Mboweni 1.2 Approval of non-executive 914 604 151 92.72% 93.23% 6.77% 0.01% directors’ fees: Dr G Cruywagen 1.3 Approval of non-executive 914 604 151 92.72% 93.23% 6.77% 0.01% directors’ fees: Mr J Doidge 1.4 Approval of non-executive 914 604 151 92.72% 93.23% 6.77% 0.01% directors’ fees: Mr T Fearnhead 1.5 Approval of non-executive 914 604 151 92.72% 99.25% 0.75% 0.01% directors’ fees: Ms K Madikizela 1.6 Approval of non-executive 914 604 151 92.72% 99.25% 0.75% 0.01% directors’ fees: Prof F Viruly 2 Financial assistance to 914 604 151 92.72% 92.21% 7.79% 0.01% purchase or subscribe for securities and financial assistance to a related or inter- related company or corporation 3 Authority to repurchase 914 604 151 92.72% 99.78% 0.22% 0.01% ordinary shares 4 Authority for directors to allot 914 604 151 92.72% 80.51% 19.49% 0.01% and issue shares to Company directors *Based on 986 372 706 shares in issue at the date of the AGM. **In relation to the total number of shares voted at the AGM. Fourways 21 July 2017 Sponsor The Standard Bank of South Africa Limited Date: 21/07/2017 05:30:00 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.