Feedback on further engagement with shareholders on remuneration policy and remuneration implementation report FORTRESS REIT 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” or “the Company”) FEEDBACK ON FURTHER ENGAGEMENT WITH SHAREHOLDERS ON THE COMPANY’S REMUNERATION POLICY AND REMUNERATION IMPLEMENTATION REPORT Shareholders are referred to (1) the SENS announcement published on 30 November 2018 advising that the non-binding advisory votes on the approval of the 2019 remuneration policy and 2018 remuneration implementation report were at an approval level which required Fortress to engage pro-actively with shareholders about their concerns on the policy and/or implementation report, and (2) the subsequent SENS announcement published on 13 February 2019, advising shareholders of the Remuneration Committee’s decision to dispense with the planned teleconference and rather to allow shareholders a further opportunity to provide feedback on the policy and/or report in writing by 22 February 2019. Following this second round of engagement, resulting in further submissions being made by shareholders on the remuneration policy and implementation report, the Remuneration Committee has thoroughly considered all representations received from shareholders and has consolidated all the feedback. The Remuneration Committee’s responses to shareholders’ concerns and suggestions are contained in a summarised report which has been published on the Company’s website https://cmsignition.co.za/download/files_1184/Reportonpro- activeengagementwithshareholderson2018remunerationimplementationreportand2019remunerationpolicy.pdf Although this second round of written submissions thus concludes the Company’s official pro-active engagement process in respect of the non-binding advisory votes on its 2019 remuneration policy and 2018 remuneration implementation report, should shareholders have any further concerns regarding the policy and/or the report, they are invited to engage with the Company at any time via the Company Secretary, Tamlyn Stevens, or the Chairman of the Remuneration Committee, Tshiamo Matlapeng-Vilakazi. 22 May 2019 Lead sponsor Java Capital Joint sponsor Nedbank Corporate and Investment Banking Date: 22/05/2019 04:55:00 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.