Resignation of Chairman 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) Resignation of Chairman Shareholders of Accelerate are advised that Mr Tito Mboweni has resigned as an independent non-executive director and chairman of the board of directors of Accelerate (“Board”) [with effect from 11 October 2018 following his appointment as Finance Minister of South Africa. Mr Mboweni was also Chairman of the Nominations Committee and a member of the Remuneration Committee and Investment Committee. Dr Gert Cruywagen, the lead independent director of the Board, has been appointed as temporary Chairman of the Board until such time as a suitable replacement has been identified. Dr Cruywagen has also been appointed as a member and Chairman of the Nominations Committee and a member of the Remuneration Committee. The board of directors expresses its thanks to Mr Mboweni for his leadership and wise counsel during his tenure as Chairman of the board since June 2013. Fourways 12 October 2018 Sponsor The Standard Bank of South Africa Limited Date: 12/10/2018 01:30:00 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.
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