FORTRESS REIT LIMITED - Dealings in securities by directors and by the company secretary of the company

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
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