Dealings in Securities by Directors 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 paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are hereby advised of the following dealings in securities of Accelerate pertaining to the exercise of 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 issue 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 Class of securities: Ordinary shares Date of transaction: 16 July 2018 Number of securities: 340 733 Shares Deemed price per security: R5.38 Total value of the transaction: R1 833 143.54 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 Class of securities: Ordinary shares Date of transaction: 16 July 2018 Number of securities: 556 628 Shares Deemed price per security: R5.38 Total value of the transaction: R2 994 658.64 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 Class of securities: Ordinary shares Date of transaction: 16 July 2018 Number of securities: 1 012 514 Shares Deemed price per security: R5.38 Total value of the transaction: R5 447 325.32 Extent of interest: Direct beneficial Name of director: Michael Georgiou Name of company: Accelerate Nature of transaction: Off-market exercise of Awards and issue of Shares Class of securities: Ordinary shares Date of transaction: 16 July 2018 Number of securities: 1 012 514 Shares Deemed price per security: R5.38 Total value of the transaction: R5 447 325.32 Extent of interest: Direct beneficial Clearance for these transactions was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Fourways 16 July 2018 Sponsor The Standard Bank of South Africa Limited Date: 16/07/2018 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.