ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/015057/06)
Share code: APF ISIN: ZAE000185815
Bond company code: APFE
(“Accelerate”, “APF” or the “Company”)
(Approved as a REIT by the JSE)

ADDITIONAL INFORMATION PERTAINING TO THE DISPOSAL BY ACCELERATE OF FORD FOURWAYS BUILDING

Shareholders and noteholders are referred to the announcement released on SENS on 02 February 2022 in respect of the disposal of the Ford Fourways Buildings
(the “Transaction Announcement”) and are advised of the following additional information:

Accelerate (“Seller”) has entered into asale of letting enterprise agreement (the “Agreement”) with Hatfield Property Holdings (Pty) Limited (“Purchaser”),
a wholly-owned subsidiary of Hatfield Holdings (Pty) Limited, to dispose of Erf 2043 Witkoppen Extension 91 (“Ford Fourways Building” or the “Property”)
(the “Transaction”) on 31 January 2023.


The Purchaser is beneficially held by the Brad Kaftel Family Trust (74.00%) and Grapevine Property Investments 103 CC (25.10%). Neither of these parties are
related parties to Accelerate as defined in the Listings Requirements of the JSE Limited.


Additional information relating to the Property:
The details of the Property including location, gross lettable area (“GLA”), net rent,remaining lease term and valuation are as follows:

Property/   Location                GLA (m2)       Net rent per     Net operating        Disposal Price Remaining            Last             Effective date
Tenant                                             m2 *             (loss)/income ***                   lease term           valuation        of the
                                                                                                        (WALE)(years)        (ZAR) **         valuation
                                                                2
Ford         Erf 2043 Witkoppen      2,469 m2      R245.52/ m       R 7 060 108.74        R80 000 000     3,2 years          R87 126 541      31 March 2022
Fourways     Extension
Building     91,Witkoppen Road,
             Sandton, Fourways,
             Gauteng



* The weighted average net rent per m2 (also the profit attributable to the net assets of Ford Fourways Building), billed to the tenant as at the date of signature
of the sale agreement.

** Directors valuation as at 31 March 2022 (which the Company is satisfied with) based on cash flows and forward net income achieved by the Property at
valuation date.
*** The net operating income in respect of the Property has been extracted from the Company’s interim financial results for the six months ended , 30 September
2022 which were prepared in terms of International Financial Reporting Standards.

The remainder of the information contained in the Transaction Announcement remains unchanged.

Johannesburg

16 February 2023

Equity Sponsor
The Standard Bank of South Africa Limited
Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this announcement may be considered forward-looking. Although APF believes that the expectations reflected in any such forward-
looking statements relating to theTransaction are reasonable. The information has not been reviewed or reported on by the reporting accountants and
auditors and no assurance can be given by APF that suchexpectations will prove to be correct. APF does not undertake any obligation to publicly update
or revise any of the information given in this announcement that may be deemed to be forward-looking.