ACCELERATE PROPERTY FUND LIMITED - Notification of Change in the Beneficial Interest in Accelerate

Notification of Change in the Beneficial Interest in Accelerate

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 formal notification in terms of section 122(1) of the Companies
Act that FirstRand Bank Limited (acting through its Rand Merchant Bank Division) ("FRB"), pursuant to
a lending arrangement, has 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 FRB amounts to 6,99%
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 notice
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 FirstRand in their
Form 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
13 November 2024


Equity Sponsor
The Standard Bank of South Africa Limited


Debt Sponsor
FirstRand Bank Limited

Date: 13-11-2024 04:43:00
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