Dealings in securities by directors and by the company secretary of the company 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”) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF THE COMPANY Shareholders are advised of the following information relating to the acceptance of award shares, awarded in terms of the rules of the Fortress REIT Limited Conditional Share Plan (“the Plan”), which will vest in three years with a vesting date of 30 September 2023, subject to the vesting conditions contained in the rules of the Plan. Name of director: Steven Brown Transaction date: 15 October 2020 Class of securities: Fortress A ordinary shares Number of securities: 414,898 Price per security: R12.61 Total value: R5,231,863.78 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Steven Brown Transaction date: 15 October 2020 Class of securities: Fortress B ordinary shares Number of securities: 414,898 Price per security: R1.62 Total value: R672,134.76 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 15 October 2020 Class of securities: Fortress A ordinary shares Number of securities: 254,462 Price per security: R12.61 Total value: R3,208,765.82 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 15 October 2020 Class of securities: Fortress B ordinary shares Number of securities: 254,462 Price per security: R1.62 Total value: R412,228.44 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Donnovan Pydigadu Transaction date: 15 October 2020 Class of securities: Fortress A ordinary shares Number of securities: 229,016 Price per security: R12.61 Total value: R2,887,891.76 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Donnovan Pydigadu Transaction date: 15 October 2020 Class of securities: Fortress B ordinary shares Number of securities: 229,016 Price per security: R1.62 Total value: R371,005.92 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 15 October 2020 Class of securities: Fortress A ordinary shares Number of securities: 232,242 Price per security: R12.61 Total value: R2,928,571.62 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 15 October 2020 Class of securities: Fortress B ordinary shares Number of securities: 232,242 Price per security: R1.62 Total value: R376,232.04 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 15 October 2020 Class of securities: Fortress A ordinary shares Number of securities: 129,866 Price per security: R12.61 Total value: R1,637,610.26 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 15 October 2020 Class of securities: Fortress B ordinary shares Number of securities: 129,866 Price per security: R1.62 Total value: R210,382.92 Nature of transaction: Off-market acceptance of award shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes 16 October 2020 Sponsor Java Capital Joint sponsor Nedbank Corporate and Investment Banking Date: 16-10-2020 03:21:00 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.