ACCELERATE PROPERTY FUND LIMITED - Credit rating for APF21 assigned

Credit rating for APF21 assigned

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")


CREDIT RATING FOR APF21 ASSIGNED


Noteholders are advised that GCR Ratings has assigned a credit rating of CCC+(ZA)(EL) to the APF21
notes issued by Accelerate on 27 February 2025 with effect from 28 February 2025. The outlook on
the APF21 notes is Rating Watch Negative. Concurrently GCR Ratings has withdrawn the long-term
issue rating on Accelerate's APF20 Senior Secured Note following its full capital redemption.


Fourways
28 February 2025

Debt Sponsor
Questco Corporate Advisory

Date: 28-02-2025 04:00:00
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