ACCELERATE PROPERTY FUND LIMITED - Notification of partial capital reduction of listed debt securities

Notification of partial capital reduction of listed debt securities

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(REIT status approved)
("Accelerate" or the "Company")


NOTIFICATION OF PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES


In accordance with the Terms and Conditions of Accelerate's ZAR5,000,000,000 Domestic Medium
Term Note Programme dated 9 September 2014, as amended and/or supplemented from time to
time, noteholders are herewith advised of the partial capital reduction of the APF23 and APF24 notes
(collectively the "Notes") effective on 12 December 2025.

 Bond Code:                                                APF23
 ISIN:                                                     ZAG000214172
 Nominal amount before reduction:                          ZAR165 526 715
 Reduction in the nominal amount:                          ZAR6 950 740
 Remaining nominal amount in issue after the reduction:    ZAR158 575 975

 Bond Code:                                                APF24
 ISIN:                                                     ZAG000214180
 Nominal amount before reduction:                          ZAR763 600 865
 Reduction in the nominal amount:                          ZAR15 885 018
 Remaining nominal amount in issue after the reduction:    ZAR747 715 847

The partial reduction is due to the distribution of proceeds following the disposal of an asset by
Accelerate, in accordance with the terms and conditions of the Notes, with the pay date of the
redemption amount pursuant to the reduction being 12 December 2025.


Fourways
10 December 2025

Debt Sponsor
Questco Corporate Advisory

Date: 10-12-2025 09:36:00
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