ACCELERATE PROPERTY FUND LIMITED - Distribution of IAR and notice of AGM, change to the board, functions of directors and update on Portside Disposal

Distribution of IAR and notice of AGM, change to the board, functions of directors and update on Portside Disposal

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")


DISTRIBUTION OF INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING,
CHANGE TO THE BOARD AND FUNCTIONS OF DIRECTORS AND UPDATE ON PORTSIDE DISPOSAL


Distribution of Integrated Annual Report and Notice of Annual General Meeting

Shareholders and noteholders are advised that the Company's Integrated Annual Report containing
separate documents, including the audited consolidated annual financial statements for the year ended
31 March 2025 and the Notice of the Annual General Meeting ("AGM"), is available on the Company's
website: https://www.acceleratepf.co.za/investorcentre/#IntegratedAnnualRepor tand will be
distributed to shareholders by no later than Friday, 12 September 2025.

Shareholders are advised that the Company's AGM has been convened for 10:00 on Wednesday,
15 October 2025 at Accelerate's registered office, Cedar Square Shopping Centre, Management Office,
1st Floor, Cnr Willow Avenue and Cedar Road, Fourways, Johannesburg.

    Integrated Report and AGM notice made available on                            Friday, 29 August 2025
    www.acceleratepf.co.za
    Record date for receipt of AGM notice                                         Friday, 29 August 2025
    Distribution of Integrated Report, Annual Financial Statements and         Friday, 12 September 2025
    Notice of AGM
    Last day to trade in order to be eligible to participate in and vote at      Tuesday, 7 October 2025
    the AGM
    Record date to determine which Accelerate shareholders are entitled          Friday, 10 October 2025
    to participate in and vote at the AGM
    Last day to lodge forms of proxy for the AGM (for administrative            Tuesday, 14 October 2025
    purposes only), at 10:00
    AGM to be held at 14:00                                                   Wednesday, 15 October 2025
    Results of AGM released on the Stock Exchange News Service                 Thursday, 16 October 2025

Change to the board and functions of directors

Further to the announcements released on SENS on 26 August 2025 and 14 July 2025, shareholders
and noteholders are advised of the following changes to the board and its committees, following
Mr Derick van der Merwe's resignation with effect from 10 July 2025:

•     Mr James Templeton was appointed as Chairman of the Investment Committee on
      28 August 2025;
•     The Remuneration Committee and Nominations Committee were combined into one committee
      called the Remuneration and Nominations Committee on 28 August 2025. Mr Abel Mawela and
      Mr James Templeton will continue as the Chairpersons of the new combined committee for their
      respective remuneration and nominations sections. Dr Kolosa Madikizela, currently a member of
      the Nominations Committee, will continue as a member of the new committee, and Mr James
      Day has stepped down from the Nominations Committee as the new combined committee only
      requires three members.
•     Mr Donnovan Pydigadu was appointed as an independent non-executive director, Lead
      Independent Director, Chairman of the Audit and Risk Committee and member of the Investment
      committee with effect from 1 September 2025.

Mr Pydigadu is a chartered accountant and spent several years in investment banking at Nedbank
corporate property finance and, was the co-founder of the Sanlam real estate finance business unit
within Sanlam capital markets. Prior to joining the Accelerate board, Mr Pydigadu served as head of
investor relations and Chief Operations Officer of Fortress Real Estate Investments Limited.

This appointment strengthens the financial skills on the board and provides additional support to the
audit and risk committee in discharging its duties.

The board confirms that the appointment of Mr Pydigadu was made in accordance with the company's
nominations policy and welcomes Mr Pydigadu to the board.

Update on the Portside Disposal

Shareholders and noteholders are referred to the announcements released on SENS on 2 April 2025,
7 July 2025 and 8 August 2025 regarding the disposal by Accelerate of its proportionate ownership in
Portside Office Tower, which constitutes a category 1 transaction in terms of section 9.20(b) of the JSE
Listings Requirements (the "Portside Transaction"), and are advised that the JSE has granted Accelerate
an extension for the issuing of the circular for the Portside Transaction until 15 October 2025.


Fourways
29 August 2025

Equity and Debt Sponsor
Questco Corporate Advisory

Date: 29-08-2025 05:00:00
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