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Release Date: 12/10/2018 13:30
Code(s): APF     PDF:  
Wrap Text
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.

12 October 2018

The Standard Bank of South Africa Limited

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