Development update: Fortress welcomes Makro to Cornubia Ridge FORTRESS REIT LIMITED (previously Fortress Income Fund Limited) (Incorporated in the Republic of South Africa) (Registration number: 2009/016487/06) JSE share codes: FFA ISIN: ZAE000248498 FFB ISIN: ZAE000248506 (Approved as a REIT by the JSE) (“Fortress” or “the company”) DEVELOPMENT UPDATE: FORTRESS WELCOMES MAKRO TO CORNUBIA RIDGE Fortress is pleased to announce that the company has concluded a lease agreement for a new Makro store at Cornubia Ridge. This development of Makro’s 22nd store in South Africa will complement KwaZulu-Natal’s premier retail node in the greater Umhlanga area. The planned opening for the new Makro is set for the first quarter of 2019. The development will be undertaken by a subsidiary of Fortress in which Fortress holds a 50.1% share. The development will comprise approximately 18 950m² of gross lettable area and will have a total estimated development cost of R325 million. This retail facility, let on a 20-year lease to Makro, one of South Africa’s most recognisable retail brands, draws on the development expertise of Fortress and enhances the company’s relationship with one of the key retail groups in Africa. 27 March 2018 Sponsor Java Capital Date: 27/03/2018 10:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.