Settlement of insurance claim

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")


SETTLEMENT OF INSURANCE CLAIM


Shareholders and noteholders are referred to the Directors' Report included in Accelerate's Annual
Financial Statements for the year ended 31 March 2025 wherein Accelerate provided an update on the
litigation process regarding business interruption claims as a result of the Covid-19 pandemic in 2020
(the "Insurance Claims").

Accelerate is pleased to inform the market that it has entered into a Settlement Agreement for the
settlement of the Insurance Claims in an amount of R82,5 million excluding VAT for Accelerate's 50%
portion. Having taken extensive legal advice and with due regard, among others, to the Company's
financial position and the turnaround initiatives in respect of the Company's largest asset (Fourways
Mall), the Settlement Agreement is considered to be in the best interest of the company and its
shareholders.


Fourways
23 September 2025

Equity and Debt Sponsor
Questco Corporate Advisory

Date: 23-09-2025 02:28:00
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