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Dealings in securities by directors, by associates of directors and by the company secretary of the company
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
Bond Company code: FORI
(Approved as a REIT by the JSE)
(“Fortress”)
DEALINGS IN SECURITIES BY DIRECTORS, BY ASSOCIATES OF DIRECTORS AND BY THE COMPANY SECRETARY OF THE COMPANY
Shareholders are advised of the following information relating to dealings in Fortress B ordinary shares by directors,
associates of directors and the company secretary of Fortress, pursuant to the distribution by Resilient REIT Limited
(“Resilient”) of 169 981 600 B ordinary shares in Fortress in the ratio of 0,4 Fortress B ordinary shares for every
Resilient share held at the close of trade on Friday, 4 May 2018.
Transaction date: 4 May 2018
Class of securities: Fortress B ordinary shares
Price per security: R15.78
Clearance to deal received: The Fortress B ordinary shares were acquired in terms of the
distribution by Resilient and accordingly no clearance to deal
was sought or received
Name of director: Jeff Zidel
Number of securities: 1 125 043
Total value: R17 753 178.54
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Direct beneficial
Name of associate: Zicor Property Projects (Pty) Ltd
Name of director and relationship to director: Jeff Zidel who, together with his wife, holds an indirect
beneficial interest in Zicor Property Projects (Pty) Ltd
Number of securities: 8 750
Total value: R138 075.00
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Maxtrade Seven (Pty) Ltd
Name of director and relationship to director: Jeff Zidel who, together with his wife, holds an indirect
beneficial interest in Maxtrade Seven (Pty) Limited
Number of securities: 986 681
Total value: R15 569 826.18
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Lynn Zidel
Name of director and relationship to director: Married to Jeff Zidel
Number of securities: 11 600
Total value: R183 048.00
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of director: Fareed Wania
Number of securities: 270
Total value: R4 260.60
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Direct beneficial
Name of director: Vuso Majija
Number of securities: 46 213
Total value: R729 241.14
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Direct beneficial
Name of associate: MWS Investment Trust
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust
Number of securities: 42 000
Total value: R662 760.00
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold Investments 4 (Pty) Ltd (“Dusty Gold”)
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust, which owns 100% of Dusty Gold
Number of securities: 47 603
Total value: R751 175.34
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Tambura Property Investments (Pty) Ltd
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust, which owns 33% of Tambura Property
Investments (Pty) Ltd
Number of securities: 25 069
Total value: R395 588.82
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust, which owns 100% of Dusty Gold
Number of securities: 60 000
Nature of transaction: Off-market re-structuring of an over-the-counter collar on
Resilient shares to an over-the-counter collar on a basket of
150 000 Resilient shares and 60 000 Fortress B ordinary shares
with a combined put strike price of R115.47 and a combined
call strike price of R154.64 with an expiry date of
17 May 2018
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust, which owns 100% of Dusty Gold
Number of securities: 32 297
Nature of transaction: Off-market re-structuring of an over-the-counter collar on
Resilient shares to an over-the-counter collar on a basket of
80 744 Resilient shares and 32 297 Fortress B ordinary shares
with a combined put strike price of R106.70 and a combined
call strike price of R137.52 with an expiry date of
13 May 2019
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Dusty Gold
Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS
Investment Trust, which owns 100% of Dusty Gold
Number of securities: 80 000
Nature of transaction: Off-market re-structuring of an over-the-counter collar on
Resilient shares to an over-the-counter collar on a basket of
200 000 Resilient shares and 80 000 Fortress B ordinary shares
with a combined put strike price of R106.70 and a combined
call strike price of R137.52 with an expiry date of
14 May 2019
Nature and extent of director’s interest: Indirect beneficial
Name of director: Steven Brown
Number of securities: 10 069
Nature of transaction: Off-market re-structuring of an over-the-counter collar on
Resilient shares to an over-the-counter collar on a basket of
25 174 Resilient shares and 10 069 Fortress B ordinary shares
with a combined put strike price of R106.20 and a combined
call strike price of R144.27 with an expiry date of 24 January
2019
Nature and extent of director’s interest: Direct beneficial
Name of company secretary: Tamlyn Stevens
Number of securities: 10 000
Total value: R157 800.00
Nature of transaction: Off-market acquisition in terms of the distribution by Resilient
Nature and extent of company secretary’s interest: Direct beneficial
8 May 2018
Sponsor
Java Capital
Date: 08/05/2018 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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