Accelerate Property Fund Ltd (JSE:APF) News - Results of general meeting

Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/015057/06)
ISIN: ZAE000185815
Share Code: APF
Bond Code: APFE
(Approved as a REIT by the JSE)
("Accelerate", "APF", the "Company")

RESULTS OF GENERAL MEETING

Results of General Meeting

Accelerate shareholders ("Shareholders") are hereby advised that, at the general meeting of
Shareholders held at 10:00 today, Thursday, 20 January 2022 (the "General Meeting"), all the ordinary
resolutions contained in the notice of General Meeting were passed by the requisite majority of votes
of Shareholders present in person or represented by proxy at the General Meeting.

Details of the results of voting at the General Meeting are as follows:
- Total number of issued ordinary shares ("Shares"): 1 002 245 195
- Total number of issued Shares net of treasury shares: 992 677 791 ("General Meeting Total
  Voteable Shares")
- Total number of issued Shares which were voted in person or represented by proxy:
  729 946 391 Shares, being 72.83% of the total issued Shares and 72.83% of the General
  Meeting Total Voteable Shares ("Voted Shares").

                           Votes cast disclosed as a
                           percentage in relation to the                                                  Shares
                           total number of shares voted                             Shares voted          abstained
                           at the meeting                                           disclosed as a        disclosed as a
                                                                                    percentage in         percentage in
                                                                                    relation to the       relation to the
                                                              Number of             total issued          total issued
Resolutions                                                   shares voted          shares*               shares*
                                                                                                                                                                                                                                                                                                                                                                        
                                                                               
                           For**             Against**                                                
Approval of the
proposed disposal          100%              0%               722 892 876           72.13%                0.70%


Authority to give effect
to resolutions             100%              0%               722 892 876           72.13%                0.70%


*  In relation to the 1 002 245 195 Shares.
** In relation to the 722 892 876 shares voted at the AGM.

Fourways
20 January 2022

Financial Advisor and Transaction Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 20-01-2022 04:59:00
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