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 (“Awards”) by executive directors of the Company (“Directors”) following the vesting of the Retention Shares on 31 January 2019 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: Andrew Costa Name of company: Accelerate Nature of transactions: Off-market exercise of Awards and issue of Shares Date of transactions: 31 January 2019 and 6 February 2019, respectively Number of securities: 260 831 Shares Class of securities: Ordinary shares Price per security: R3.93 Total value of the transaction: R1 025 065.83 Extent of interest: Direct beneficial Name of director: John Paterson Name of company: Accelerate Nature of transactions: Off-market exercise of Awards and issue of Shares Date of transactions: 31 January 2019 and 6 February 2019, respectively Number of securities: 359 418 Shares Class of securities: Ordinary shares Price per security: R3.93 Total value of the transaction: R1 412 512.74 Extent of interest: Direct beneficial Clearance for these transactions was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Fourways 4 February 2019 Sponsor The Standard Bank of South Africa Limited Date: 04/02/2019 05:45:00 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.