Changes in function of directors 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 LEI: 378900FE98E30F24D975 (Approved as a REIT by the JSE) (“Fortress” or “the company”) CHANGES IN FUNCTION OF DIRECTORS Shareholders and noteholders are advised that for purposes of compliance with the King IV Report on Corporate Governance and the principles of good governance, the following changes to the function of directors have been made with immediate effect: - Jan Potgieter has been appointed as lead independent non-executive director; and - following his appointment to the remuneration committee on 1 September 2021, Bram Goossens has been appointed as the chairperson of the Remuneration Committee, replacing interim chairperson, Robin Lockhart Ross, who will remain a member of the Remuneration Committee. In addition, Ina Lopion has stepped down as a member of the Remuneration Committee, as the committee has sufficient non-executive directors as members. 25 January 2022 Lead sponsor Joint sponsor Debt Sponsor Java Capital Nedbank Corporate and Investment Banking, Rand Merchant Bank (a division of Nedbank Limited) (a division of First Rand Bank Limited) Date: 25-01-2022 04:25:00 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.