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") CHANGE TO THE BOARD OF DIRECTORS In accordance with paragraphs 3.59 (b) and (c) of the JSE Listings Requirements, shareholders and noteholders are informed that Mr Derick van der Merwe has resigned as a director of Accelerate (and member of all relevant board committees) with effect from 11 July 2025 due to strategic differences. The board wishes to thank Mr van der Merwe for his contribution to Accelerate over the years and wishes him well in his future endeavours. The board has initiated the process to identify a new Lead Independent Director. Fourways 14 July 2025 Equity and Debt Sponsor Questco Corporate Advisory