ACCELERATE PROPERTY FUND LIMITED - Change in beneficial interest

Change in beneficial interest

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")

NOTIFICATION OF CHANGE IN THE BENEFICIAL INTEREST IN ACCELERATE

In compliance with section 122(3)(b) of the Companies Act, 71 of 2008, as amended ("the Companies
Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders and noteholders
are advised that Accelerate has received the following formal notifications in terms of section 122(1) of
the Companies Act on behalf of:

1.      Sawindu 12 (RF) Proprietary Limited ('Sawindu') that Sawindu, pursuant to a lending
        arrangement, acquired an 8.59% beneficial interest in the ordinary shares of the Company on
        29 August 2024, and subsequently disposed of its beneficial interest in the ordinary shares of
        the Company:


        1.1     on 30 August 2024 such that, in aggregate, the total interest in the ordinary shares of
                the Company held by Sawindu amounted to 4.295% of the total issued ordinary shares
                of the Company, at that date; and


        1.2     on 3 September 2024 such that, in aggregate, the total interest in the ordinary shares
                of the Company held by Sawindu now amounts to 0.0% of the total issued ordinary
                shares of the Company; and


2.      Investec Bank Limited ('Investec') that Investec, pursuant to the same lending arrangement,
        acquired a beneficial interest in the ordinary shares of the Company, such that the total
        beneficial interest in the ordinary shares of the Company held by Investec amounts to 12.39%
        of the total issued ordinary shares of the Company.

As required in terms of section 122(3)(a) of the Companies Act, Accelerate has filed the required notices
with the Takeover Regulation Panel ("TRP").


The board of directors of the Company accepts responsibility for the information contained in this
announcement having relied on the notice information as provided by Sawindu and Investec in their
respective Forms TRP 121.1 and, to the best of their knowledge and belief, such information is true and
does not omit anything likely to affect the importance of such information contained herein.


Fourways
04 September 2024


Equity Sponsor
The Standard Bank of South Africa Limited


Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 04-09-2024 05:02:00
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