Dealings in securities 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 acceptance of awards by executive directors and the company secretary of the of the Company, in terms of the rules of the Conditional Share Plan (“CSP”): Name of director: Michael Georgiou Name of company: Accelerate Nature of transaction: Off-market acceptance of CSP awards Date of transaction: 25 July 2019 Number of securities: 3 538 462 Class of securities: Ordinary shares Deemed price per security: R3,25 Total value of the transaction: R11 500 001.50 Extent of interest: Direct beneficial Name of director: Andrew Costa Name of company: Accelerate Nature of transaction: Off-market acceptance of CSP awards Date of transaction: 25 July 2019 Number of securities: 3 538 462 Class of securities: Ordinary shares Deemed price per security: R3,25 Total value of the transaction: R11 500 001.50 Extent of interest: Direct beneficial Name of director: John Paterson Name of company: Accelerate Nature of transaction: Off-market acceptance of CSP awards Date of transaction: 25 July 2019 Number of securities: 2 769 230 Class of securities: Ordinary shares Deemed price per security: R3,25 Total value of the transaction: R8 999 997.50 Extent of interest: Direct beneficial Name of director: Dimitri Kyriakides Name of company: Accelerate Nature of transaction: Off-market acceptance of CSP awards Date of transaction: 25 July 2019 Number of securities: 2 615 384 Class of securities: Ordinary shares Deemed price per security: R3,25 Total value of the transaction: R8 499 998.00 Extent of interest: Direct beneficial Name of company secretary: Joanne Matisonn Name of company: Accelerate Nature of transaction: Off-market acceptance of CSP awards Date of transaction: 25 July 2019 Number of securities: 61 538 Class of securities: Ordinary shares Deemed price per security: R3,25 Total value of the transaction: R199 998.50 Extent of interest: Direct beneficial Clearance for these transactions was obtained in terms of section 3.66 of the JSE Listings Requirements. Fourways 25 July 2019 Sponsor The Standard Bank of South Africa Limited Date: 25/07/2019 05:30:00 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.