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. 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