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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 advised of the following information in respect of the acceptance of awards by
directors and the company secretary of Fortress in terms of the Company’s Conditional Share Plan ("CSP"). The
awards will vest in three years with a vesting date of 30 September 2029, subject to the vesting conditions
contained in the rules of the CSP. Shareholders and noteholders are referred to the Remuneration report included
in the Integrated Report for the financial year ended 30 June 2026 ("FY2026"), which includes details of the
annual CSP awards. The deemed price per security for purposes of accepting the FY2026 CSP awards is R24.88.
Name of director and designation: Steven Brown (Chief Executive Officer)
Transaction date: 30 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 306 022
Deemed price per security: R24.88
Total value: R7 613 827.36
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 198 869
Deemed price per security: R24.88
Total value: R4 947 860.72
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 167 587
Deemed price per security: R24.88
Total value: R4 169 564.56
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 85 437
Deemed price per security: R24.88
Total value: R2 125 672.56
Nature of transaction: Off-market acceptance of a conditional right to shares in terms
of the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received: Yes
In addition, shareholders and noteholders are advised of the following information in respect of the acceptance of
matching scheme shares by directors and the company secretary of Fortress in terms of the Company’s Matched
Share Scheme ("MSS") for FY2026. The matching scheme shares will vest in three years with a vesting date of
30 September 2029. Shareholders and noteholders are referred to the Remuneration report included in the FY2026
Integrated Report, which includes details of the annual MSS awards. The deemed price per security for purposes
of accepting the FY2026 MSS awards is R24.88.
Name of director and designation: Steven Brown (Chief Executive Officer)
Transaction date: 30 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 175 271
Deemed price per security: R24.88
Total value: R4 360 742.48
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 146 024
Deemed price per security: R24.88
Total value: R3 633 077.12
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 134 789
Deemed price per security: R24.88
Total value: R3 353 550.32
Nature of transaction: Off-market acceptance of a conditional right to 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 October 2026
Class of securities: Fortress B ordinary shares
Number of securities: 61 449
Deemed price per security: R24.88
Total value: R1 528 851.12
Nature of transaction: Off-market acceptance of a conditional right to shares in terms
of the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received: Yes
2 November 2026
Lead equity sponsor Debt sponsor and joint equity sponsor
Java Capital Nedbank Corporate and Investment Banking,
a division of Nedbank Limited
Date: 02/11/2026 11:15:00
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