Accelerate Property Fund : APF15 - Notification of the Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

Accelerate Property Fund Limited

Management Office 1st Floor

Cedar Square Shopping Centre

Willow Ave

Fourways

Johannesburg

2055

Tel: [phone]

Accelerate Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No. 2005/015057/06) Company code: APFE

(Approved as a REIT by the JSE) Bond code: APF15

ISIN: ZAG000174269 ("Accelerate")

NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of the Accelerate Property Fund Limited ("Accelerate") ZAR5,000,000,000 Domestic Medium Term Note Programme dated 9 September 2014, as amended and/or supplemented from time to time, noteholders are herewith advised of the partial capital reduction of the APF15 notes.

Bond code:

ISIN:

Nominal amount before reduction: Reduction of nominal amount: Nominal amount after reduction: Settlement / redemption amount:

Pay date of the repurchase and accrued interest: Effective date of the reduction in nominal amount:

Accrued interest amount:

Annualised interest rate:

Interest period:

APF15

ZAG000174269

ZAR 75 000 000.00 ZAR 2 400 000.00 ZAR 72 600 000.00 ZAR 2 436 889.25 4 August 2022

4 August 2022

ZAR 36 889.25 included in the settlement amount

7.792%

24 May 2022 to 3 August 2022

The partial capital reduction is due to the repurchase of the listed Note by Accelerate.

1 August 2022

Debt Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)