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ACCELERATE PROPERTY FUND LIMITED - Voluntary Update - COVID-19

Release Date: 18/03/2020 08:45
Code(s): APF     PDF:  
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Voluntary Update - COVID-19

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
(REIT status approved)
(“Accelerate” or “the company”)

VOLUNTARY UPDATE – COVID-19

Accelerate supports the decisive action taken by government in curbing the impact of COVID-19 (the
Coronavirus) on all South Africans. Of paramount importance is the health and safety of our staff and
their families, our tenants, shoppers and the communities we serve.

The company has set up an internal committee (“ Response Committee”) constituting executive and
senior managers to monitor the situation, including the implementation of recommendations issued
by the relevant authorities and health organisations.

As part of our business continuity procedures, we have implemented domestic and international
travel restrictions and remote working policies.

As a preventative measure and in line with official guidance, Accelerate has engaged with its service
providers, especially its cleaning and security contractors and has expanded and intensified its hygiene
protocol across its portfolio. Cleaning hours using enhanced disinfectants have significantly been
increased, and the company is making hand sanitiser available to office staff and shoppers.

At the time of writing, some tenants in the commercial offices portfolio have opted to implement self-
imposed social isolation and work-from-home policies. These measures are not expected to impact
the company.

There are currently no restrictions placed on trading at shopping centres. The company, through the
Response Committee, continuously monitors developments on the implementation of social
distancing measures by government.

Fourways Mall has informed the Response Committee that the following measures will be
implemented by mall management :

    -   Alcohol-based hand sanitizers will be made available at each entry point to the mall, alongside
        informational material
    -   Communal surfaces, including door handles, tabletops, handrails, buttons, escalators and lifts
        will be sanitised multiple times per day
    -   Ablution facilities will be cleaned throughout the day and sanitized at least every hour
    -   All cleaning staff will be required to use alcohol-based hand sanitizer, gloves and masks
        throughout their shifts
    -   Security staff have been provided with masks and alcohol-based hand sanitizers
    -   All centre management staff, including maintenance, operations and facilities staff will be
        issued with alcohol-based hand sanitizers and wipes, gloves and masks to ensure the highest
        levels of hygiene when interacting with tenants and shoppers
    -   Cleaning and security staff will be screened and monitored on an ongoing basis to ensure that
        any staff member presenting symptoms of the virus is treated accordingly
    -   Centre Management, cleaning and security staff have all been educated and informed on the
        virus as per resources made available by national and international healthcare institutions.
Accelerate appreciates the evolving nature and seriousness of the COVID-19 pandemic and remains
committed to contributed to efforts that will limit the spread of the virus.

The Company will continue to keep stakeholders updated and informed as the situation evolves.

18 March 2020

Investor relations
Articulate Capital Partners
Morne Reinders
082 480 4541
morne@articulatepartners.com

Noah Greenhill
082 881 0089
noah@articulatepartners.com

Sponsor
The Standard Bank of South Africa Limited

Date: 18-03-2020 08:45:00
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