Directors' dealings in securities 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 Directors In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Name of director: Andrew Costa Name of company: Accelerate Nature of transactions: On-market purchase of securities Class of securities: Ordinary shares Date of transaction: 22 September 2017 Number of securities: 2 978 244 Highest price (cents): 521 Lowest price (cents): 520 Volume weighted average price (cents): 520.22 Total value of the transaction: R 15 493 420.94 Extent of interest: Indirect beneficial Date of transaction: 26 September 2017 Number of securities: 143 400 Price (cents): 520 Total value of the transaction: R 745 680.00 Extent of interest: Indirect beneficial Date of transaction: 27 September 2017 Number of securities: 1 052 836 Highest price (cents): 534 Lowest price (cents): 525 Volume weighted average price (cents): 530.83 Total value of the transaction: R 5 588 769.34 Extent of interest: Indirect beneficial Date of transaction: 28 September 2017 Number of securities: 488 981 Price per share (cents): 535 Total value of the transaction: R 2 616 048.35 Extent of interest: Indirect beneficial Name of director: John Paterson Name of company: Accelerate Nature of transaction: On-market purchase of securities Class of securities: Ordinary shares Date of transaction: 22 September 2017 Number of securities: 2 978 243 Highest price (cents): 521 Lowest price (cents): 520 Volume weighted average price (cents): 520.22 Total value of the transaction: R 15 493 415.73 Extent of interest: Indirect beneficial Date of transaction: 26 September 2017 Number of securities: 143 400 Price (cents): 520 Total value of the transaction: R 745 680.00 Extent of interest: Indirect beneficial Date of transaction: 27 September 2017 Number of securities: 699 876 Highest price (cents): 534 Lowest price (cents): 525 Volume weighted average price (cents): 530.83 Total value of the transaction: R 3 715 151.77 Extent of interest: Indirect beneficial Clearance for the above transactions was obtained in terms of section 3.66 of the Listings Requirements. Fourways 28 September 2017 Sponsor The Standard Bank of South Africa Limited Date: 28/09/2017 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.