FORTRESS REAL ESTATE INVESTMENTS LIMITED - Dealings in securities by directors and the company secretary

Dealings in securities by directors and the company secretary

FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share code: FFB
ISIN: ZAE000248506
Bond company code: FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")


DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY


Shareholders and noteholders are referred to the announcements released on SENS on 25 April 2024 and
21 September 2026, respectively, relating to the acceptance of cycle awards, matching scheme share awards and
conversion awards, all awarded in terms of the Fortress Conditional Share Plan (the "CSP"), and are advised of
the following information relating to dealings in securities by directors and the company secretary of Fortress
resulting from the settlement of the cycle awards, matching scheme share awards and conversion awards:

Settlement of the 2023 cycle awards made under the CSP:

Name of director and designation:                  Steven Brown (Chief Executive Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              466 984
Deemed price per security:                         R25.22
Total value:                                       R11 777 336.48
Nature of transaction:                             Off-market settlement of shares pursuant to cycle awards made
                                                   under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Ian Vorster (Chief Financial Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              304 024
Deemed price per security:                         R25.22
Total value:                                       R7 667 485.28
Nature of transaction:                             Off-market settlement of shares pursuant to cycle awards made
                                                   under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Vuso Majija (Executive Director)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              255 924
Deemed price per security:                         R25.22
Total value:                                       R6 454 403.28
Nature of transaction:                             Off-market settlement of shares pursuant to cycle awards made
                                                   under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of company secretary:                         Tamlyn Stevens
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              149 090
Deemed price per security:                         R25.22
Total value:                                       R3 760 049.80
Nature of transaction:                             Off-market settlement of shares pursuant to cycle awards made
                                                   under the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received:                        Yes

Settlement of the 2023 matching scheme share awards made under the CSP:

Name of director and designation:                  Steven Brown (Chief Executive Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              224 923
Deemed price per security:                         R25.22
Total value:                                       R5 672 558.06
Nature of transaction:                             Off-market settlement of matching shares in terms of the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Ian Vorster (Chief Financial Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              190 972
Deemed price per security:                         R25.22
Total value:                                       R4 816 313.84
Nature of transaction:                             Off-market settlement of matching shares in terms of the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Vuso Majija (Executive Director)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              161 265
Deemed price per security:                         R25.22
Total value:                                       R4 067 103.30
Nature of transaction:                             Off-market settlement of matching shares in terms of the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of company secretary:                         Tamlyn Stevens
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              73 425
Deemed price per security:                         R25.22
Total value:                                       R1 851 778.50
Nature of transaction:                             Off-market settlement of matching shares in terms of the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received:                        Yes

Settlement of the 2026 CSP conversion awards:

Name of director and designation:                  Steven Brown (Chief Executive Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              318 675
Deemed price per security:                         R25.22
Total value:                                       R8 036 983.50
Nature of transaction:                             Off-market settlement of shares pursuant to conversion awards
                                                   made under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Ian Vorster (Chief Financial Officer)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              265 498
Deemed price per security:                         R25.22
Total value:                                       R6 695 859.56
Nature of transaction:                             Off-market settlement of shares pursuant to conversion awards
                                                   made under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

Name of director and designation:                  Vuso Majija (Executive Director)
Transaction date:                                  30 September 2026
Class of securities:                               Fortress B ordinary shares
Number of securities:                              245 071
Deemed price per security:                         R25.22
Total value:                                       R6 180 690.62
Nature of transaction:                             Off-market settlement of shares pursuant to conversion awards
                                                   made under the CSP
Nature and extent of director’s interest:          Direct beneficial
Clearance to deal received:                        Yes

1 October 2026


Lead equity sponsor                                       Debt sponsor and joint equity sponsor
Java Capital                                              Nedbank Corporate and Investment Banking, 
                                                          a division of Nedbank Limited
Date: 01/10/2026 02:00:00
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