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, shareholders are advised of the following dealings in securities by directors of Accelerate pertaining to the exercise of the Awards by executive directors of the Company (“Directors”) following the vesting of the Awards in terms of the rules of the Conditional Share Plan and the subsequent issuance of ordinary shares in the share capital of Accelerate (“Shares”) to Directors: Name of director: Dimitri Kyriakides Name of company: Accelerate Nature of transaction: Off-market exercise of Awards and issue of Shares allocated during 2014 Date of transaction: 1 December 2017 Number of securities: 491 319 Shares Class of securities: Ordinary shares Deemed price per security: R5.12 Total value of the transaction: R2 515 553.28 Extent of interest: Direct beneficial Name of director: Andrew Costa Name of company: Accelerate Nature of transaction: Off-market exercise of Awards and issue of Shares allocated during 2014 Date of transaction: 1 December 2017 Number of securities: 1 666 899 Shares Class of securities: Ordinary shares Deemed price per security: R5.12 Total value of the transaction: R8 534 522.88 Extent of interest: Direct beneficial Name of director: John Paterson Name of company: Accelerate Nature of transaction: Off-market exercise of Awards and issue of Shares allocated during 2014 Date of transaction: 1 December 2017 Number of securities: 833 420 Shares Class of securities: Ordinary shares Deemed price per security: R5.12 Total value of the transaction: R4 267 110.40 Extent of interest: Direct beneficial Clearance for these transactions was obtained in terms of section 3.66 of the Listings Requirements. Fourways 4 December 2017 Sponsor The Standard Bank of South Africa Limited Date: 04/12/2017 05:15:00 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.