30 Jul - 2 min read

Notification of changes in the beneficial interest in Accelerate

Notification of changes 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
(REIT status approved)
("Accelerate" or "the Company")


Notification of changes in the beneficial interest in Accelerate

In compliance with Section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as
amended (“Companies Act”) and paragraph 3.83(b) of the Listings Requirements of the JSE
Limited (“JSE”), shareholders are advised that Accelerate has received formal notification in
terms of section 122(1) of the Companies Act that:

   -   K2016336084 (South Africa) (Pty) Limited (“The iGroup”) has acquired a beneficial
       interest in the securities of the Company, such that, in aggregate, the total interest in
       the ordinary shares of the Company held by The iGroup amounts to 8.64% of the total
       issued ordinary shares of the Company; and

   -   Public Investment Corporation (SOC) Limited (“PIC”) has disposed of a beneficial
       interest in the securities of the Company, such that, in aggregate, the total interest in
       the ordinary shares of the Company now held by PIC amounts to 0,702% 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”).


Fourways
30 July 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 30-07-2021 05:30:00
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