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06-Sep-2018
(Official Notice)
Shareholders are referred to the announcement dated 27 August 2018 whereby shareholders were advised that the Company has received a request from several institutional investors (the "Authors"), some of whom hold Fortress shares, to commission an independent investigation into allegations made against the Company, its directors and shareholders (the "Request").



The Company hereby wishes to advise shareholders that it has established a special ad hoc subcommittee, with a mandate to consider the issues raised in the Request and to engage with the Authors with a view to addressing their concerns as well as other significant A and B shareholders that are not signatories to the Request. Robin Lockhart-Ross chairs the subcommittee alongside Djurk Venter and Bongiwe Njobe, all of whom are independent non-executive directors. No limitation has been placed on the scope of work nor the historical timeline which the subcommittee may investigate.



The Company has prepared a response to the Request, which has been sent to the Authors.



It is in the Company's best interests that the investigation by the Financial Services Conduct Authority ("FSCA") in respect of trades in Fortress shares be concluded as soon as possible. Fortress has recently reiterated its full cooperation to the FSCA to facilitate and expedite the completion of the FSCA investigation.
30-Aug-2018
(Official Notice)
Bondholders are advised of the following financial covenant report.



The Issuer?s financial covenant requirement, applicable to the listed notes, is as follows:

*Loan to Value Ratio (?LTV ratio?) does not exceed 50% for the Fortress Group.

*The Issuer confirms that the financial covenant was tested at 30 June 2018 and does not exceed 50%, with the LTV ratio measuring 36.1%.

27-Aug-2018
(Official Notice)
Shareholders are advised that the Company has received a request from several institutional investors, some of whom hold Fortress shares, to commission an independent investigation into allegations made against the Company, its directors and shareholders. The Fortress board is considering the request and will respond in due course.
22-Aug-2018
(Official Notice)
Shareholders and noteholders are advised that a copy of the results presentation for the year ended 30 June 2018 is available on the company?s website at: https://www.cmsignition.co.za/download/files_1184/FortressresultsJune2018.pdf
21-Aug-2018
(Official Notice)
21-Aug-2018
(C)
Total revenue decreased to R3 633 million (2017: R3 893 million). Loss for the year attributable to equity holders came in at R4 869 million (2017: profit of R4 426 million). Furthermore, headline loss per A and B share amounted to 383.75 cents per share (2017: headline earnings per A and B share of 165.79 cents per share).



Payment of final dividends

The board has approved and notice is hereby given of final dividends of 70.57000 cents per A share and 88.93000 cents per B share for the six months ended 30 June 2018.



Prospects

The slowing economic growth rate currently being experienced in South Africa is expected to continue with the likelihood of a near term recovery diminishing. However, the strategy of developing high quality logistics real estate continues to bear fruit. Fortress will continue to dispose of its non-core industrial and office properties and reinvest the proceeds in logistics and retail assets. The stable escalations and low credit risk of the tenants will positively impact income growth into the future.



Assuming distribution growth of 5% on the Fortress A shares, Fortress expects distributions on the Fortress B share of between 175 cents and 183 cents for the 2019 financial year, which is lower than previously guided principally because of revised forecast distributions from Fortress' investments in Greenbay and Resilient, as well as further weakening in the office and industrial portfolios.



This forecast is based on the assumption that the macro environment will not deteriorate further, the current political landscape does not change dramatically, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. The forecast is further based on the assumption that the growth in NEPI Rockcastle, Greenbay and Resilient's distributions will be in line with their guidance communicated to the market. Budgeted rental income was based on contractual escalations and assuming market-related renewals and no major change in vacancy rates. This forecast has not been audited, reviewed or reported on by Fortress' auditors.
25-Jul-2018
(Official Notice)
Shareholders are advised that Kura Chihota has resigned as an independent non-executive director of Fortress with effect from 25 July 2018. Kura intends to focus on his professional and business affairs in Zimbabwe, where he resides.
02-Jul-2018
(Official Notice)
Shareholders are advised that Rual Bornman has resigned as financial director with effect from 2 July 2018 for reasons of ill-health. Rual will continue to make his knowledge and experience available to Fortress and assist with an orderly handover to his replacement. Rual will be assisting with the financial reporting for the year ended 30 June 2018. The board expresses its appreciation for Rual's valuable contribution over the years and wishes him well with his health challenges.



Steven Brown CA(SA) CFA, currently an alternate director to Fareed Wania, has been appointed as financial director with effect from 2 July 2018, on an interim basis, pending a permanent appointment to the position.



The board also announced the appointment of Robin Lockhart-Ross CA(SA), as an independent non- executive director with effect from 2 July 2018.
07-Jun-2018
(Official Notice)
On 7 June 2018, GCR published its issuer rating report for Fortress wherein GCR affirmed the national scale issuer ratings of Fortress at AA-(ZA) and A1+(ZA) for the long and short-term respectively, with the outlook accorded as stable.



The report can be found on the Fortress website at www.fortressfund.co.za/dmtn-programme.
06-Jun-2018
(Official Notice)
Shareholders are advised that the Fortress management team held a live Pre-close Webcast at 14h00 on Tuesday, 5 June 2018, in anticipation of the close of its year ending on 30 June 2018 (?Pre-close Webcast?). The Pre-close Webcast was hosted by Nedbank Ltd., acting through its Corporate and Investment Banking Division.



A copy of the presentation delivered at the Pre-Close Webcast, as well as the recording of the webcast, can be found on the Fortress website at www.fortressfund.co.za/pre-close-presentation.
29-May-2018
(Official Notice)
29-May-2018
(Official Notice)
Shareholders are advised that Jeff Zidel, deputy chairman of the board of directors of Fortress ("the board"), has announced his intention to retire from the board. As a result, Jeff will step down as deputy chairman and non- executive director with effect from 29 May 2018.



The board intends to appoint a new independent non-executive director, and an announcement in this respect will be made in due course.
23-Apr-2018
(Official Notice)
Shareholders are referred to the joint SENS announcement by Fortress and Resilient REIT Ltd. (?Resilient?) on 7 March 2018, regarding the proposed restructure of the Siyakha Education Trust and the Siyakha 2 Education Trust (the ?Siyakha restructure?). Fortress and Resilient remain in negotiations regarding the proposed restructure and accordingly, shareholders are advised to continue to exercise caution when dealing in their Fortress shares until a further announcement regarding the Siyakha restructure is released on SENS.
29-Mar-2018
(Official Notice)
On 27 March 2018, Moody's Investors Service (?Moody?s?) confirmed Fortress? long-term issuer rating of Baa3/Aa1.za and changed the outlook from ?rating under review? to ?stable?. This follows the confirmation of the South African government?s issuer rating at Baa3 with a stable outlook.



The following ratings are applicable to Fortress:

*Long-Term Issuer Rating, confirmed at Baa3

*Short-Term Issuer Rating, confirmed at P-3

27-Mar-2018
(Official Notice)
Fortress is pleased to announce that the company has concluded a lease agreement for a new Makro store at Cornubia Ridge. This development of Makro?s 22nd store in South Africa will complement KwaZulu-Natal?s premier retail node in the greater Umhlanga area. The planned opening for the new Makro is set for the first quarter of 2019.



The development will be undertaken by a subsidiary of Fortress in which Fortress holds a 50.1% share. The development will comprise approximately 18 950m? of gross lettable area and will have a total estimated development cost of R325 million. This retail facility, let on a 20-year lease to Makro, one of South Africa?s most recognisable retail brands, draws on the development expertise of Fortress and enhances the company?s relationship with one of the key retail groups in Africa.

08-Mar-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 7 March 2018 in respect of a restructure of the Siyakha Education Trusts, intention to unwind cross-shareholding, further cautionary announcement and updated distribution guidance.

07-Mar-2018
(Official Notice)
22-Feb-2018
(Official Notice)
In light of its share prices, Fortress considers it prudent to commence negotiations with the trustees of and other lenders to the Siyakha Education Trusts (?trusts?) regarding all loans to the trusts and underlying collateral. Fortress will engage with all participants during this process and is sensitive to confidentiality during these negotiations. As the outcome of the negotiations may impact on the distributable earnings of Fortress, the company advises shareholders to exercise caution in their dealings in Fortress securities.
15-Feb-2018
(Official Notice)
Fortress has been advised by the Siyakha Education Trusts (?the Trusts?) that they have now completed the sale of approximately R550 million of Fortress shares through the market in order to provide the Trusts with liquidity and reduce bank debt. The Trusts are currently compliant with all loan covenants and have no current requirement for further sales of shares.

15-Feb-2018
(Official Notice)
Bondholders are referred to the announcement released by the Issuer on SENS on 12 February 2018. The Issuer announced, among others, that there is no reason for Fortress to advise shareholders to exercise caution in their dealings in Fortress shares. Likewise, the Issuer finds no reason to advise bondholders to exercise caution when dealing in their securities.
12-Feb-2018
(Official Notice)
Fortress has noted the SENS announcements by Resilient REIT Ltd. (?Resilient?) on 9 and 12 February 2018 and confirms that the information in the announcements that relates to Fortress is correct.



Fortress? strategic investments at 31 December 2017 include 9.32% of Resilient shares in issue. Currently, market feedback to Fortress is that this is a cross-holding into a shareholder in Fortress and should be re-evaluated. Fortress? investment strategies, including its shareholding in Resilient, are regularly reassessed and the market is kept informed by announcements and commentary in results.



There is no reason for Fortress to advise Fortress shareholders to exercise caution in their dealings in Fortress shares.
02-Feb-2018
(Official Notice)
Bondholders are advised that the interim results (?the interims?) of the Issuer for the period ended 31 December 2017 are available for inspection at the Issuer?s registered office.



The interims of the Issuer have also been made available on their website at www.fortressfund.co.za.



Further to the above, bondholders are hereby advised that there have been no restatements to previously published annual and interim financial statements.

02-Feb-2018
(C)
Net rental and related revenue for the interim period was R1.118 billion (2016: R1.057 billion). Profit for the period attributable to equity holders of the company shot up to R8.017 billion (2016: R1.558 billion). Furthermore, headline earnings per A share rose to 195.93 cents per share (2016: 73.5 cents per share).



Payment of interim dividends

The board has approved and notice is hereby given of interim dividends of 71.20000 cents per A share and 90.07000 cents per B share for the six months ended 31 December 2017.



Company prospects

The core logistics and retail portfolio, which constitutes 74% of the value of the direct real estate portfolio, continues to provide sustained growth in a weak South African macro-economic environment. The group's strategically located land will ensure a pipeline for the development of technically superior logistics facilities.



The office portfolio, however, continues to be an area of concern and the persistent vacancies and weak office demand will have an impact on distributions going forward.



On the assumption that the A share dividend will increase by 5.00%, the board anticipates that the B share dividend will increase by approximately 15% for the 2018 financial year and by approximately 11% for the 2019 financial year. The growth is based on the assumptions that there is no deterioration of the macro-economic environment, that no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals. This forecast has not been audited, reviewed or reported on by Fortress' auditors.



02-Feb-2018
(Official Notice)
19-Jan-2018
(Official Notice)
Shareholders are advised that the company?s interim results for the six months ended 31 December 2017, which were due to be released on Thursday, 8 February 2018 will now be released on Friday, 2 February 2018.



The investor presentations will be held in Johannesburg at 09h00 on Tuesday, 6 February 2018 and in Cape Town at 10h30 on Wednesday, 7 February 2018.

11-Jan-2018
(Official Notice)
Shareholders are advised that Fortress anticipates that the dividend per B share for the interim period ended 31 December 2017 will be between 89.99 cents and 90.77 cents per share, being between 14.5% and 15.5% higher than the 78.59 cents per B share for the six months ended 31 December 2016. Trading in the current financial year has been consistent with the prospects previously communicated to shareholders and Fortress confirms that, on the assumption that the A share dividend will increase by 5%, the board anticipates that the B share dividend for the financial year ending 30 June 2018 will increase by approximately 15%, as previously guided.



The company?s interim results for the six months ended 31 December 2017 will be published on or about 8 February 2018.
15-Dec-2017
(Official Notice)
Bondholders are advised that the annual financial statements (?the financial statements?) for the year ended 30 June 2017 of the companies guaranteeing the Issuers R20 000 000 000.00 Domestic Medium Term Note Programme, dated 7 June 2012, are available for inspection at the Issuer?s registered office. Bondholders are also advised that the audit reports on the financial statements of the Guarantors are unqualified, with no modifications applicable.
14-Nov-2017
(Permanent)
Fortress Income Fund Ltd. renamed to Fortress REIT Ltd. on 15 November 2017
09-Nov-2017
(Official Notice)
In terms of the provisions of section 45(5)(a) of the Companies Act 71 of 2008 (?the Act?) and pursuant to the special resolution passed at the annual general meeting of the company on 1 November 2017 authorising the board of directors to provide direct or indirect financial assistance to related and inter-related companies, notification is hereby given that the board of directors of Fortress adopted a resolution authorising Fortress to provide financial assistance to related and inter-related companies of Fortress, which financial assistance exceeds one tenth of one percent of the company?s net worth.

03-Nov-2017
(Official Notice)
Shareholders are referred to the integrated report containing the notice of annual general meeting distributed to shareholders on 29 September 2017 wherein the special resolution and the salient dates and times in respect of the change of name of the company to Fortress REIT Ltd. (the ?change of name?) were published; as well as to the results of the annual general meeting released on SENS on 1 November 2017, wherein shareholders were advised that the special resolution necessary for the change of name would be lodged with the Companies and Intellectual Property Commission (?CIPC?) for registration.



Fortress advises that the special resolution necessary for the change of name has been registered by the CIPC.

Accordingly, the salient dates and times in respect of the change of name are as follows:

*Last day to trade in existing shares on the JSE prior to the change of name - Tuesday, 14 November 2017

*Trading in the new name of Fortress REIT Ltd. on the JSE under the JSE share code ?FFA? and ?FFB? and ISIN ZAE000248498 and ZAE000248506 commences on Wednesday, 15 November

*Change of name record date - Friday, 17 November 2017

*Date of issue of new replacement share certificates, provided that the old share certificates have been lodged by 12:00 on Friday, 17 November 2017, on or about (share certificates received after this time will be posted within 5 business days of receipt) - Monday, 20 November 2017

*CSDP and broker accounts of dematerialised shareholders to be updated on Monday, 20 November

01-Nov-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 1 November 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 29 September 2017), all of the resolutions tabled thereat were passed by the requisite majority of Fortress shareholders.



Shareholders are advised that special resolution number 6 relating to the change of company name will be lodged with the Companies Intellectual Property Commission (?CIPC?) for registration. A finalisation announcement will be released on SENS once the resolution relating to the change of name has been registered by CIPC.



Changes to the board of directors

Shareholders are advised that Andrew Edward Teixeira retired as an executive director of Fortress at the annual general meeting in accordance with the provisions of clause 25.12 of the company?s memorandum of incorporation. Steven Brown?s appointment as an alternate director to Andrew will now be replaced with his appointment as an alternate director to Fareed Ismail Wania.
02-Oct-2017
(Official Notice)
In accordance with section 7.3 of the JSE Debt Listings Requirements, investors are advised that the Fortress Income Fund Limited integrated report for the year ended 30 June 2017 is available for inspection at the registered office of the Issuer. The integrated report for the Issuer has also been made available on Fortress?s website http://www.fortressfund.co.za.

29-Sep-2017
(Official Notice)
17-Aug-2017
(Official Notice)
Noteholders are hereby advised of the increase in the programme size of the Fortress Domestic Medium Term Note Programme, dated 7 June 2012 (the ?Programme?), from ZAR 10 000 000 000.00 to ZAR 20 000 000 000. The Programme has been increased with effect from 17 August 2017.
08-Aug-2017
(Official Notice)
08-Aug-2017
(C)
Rental revenue shot up to R3.3 billion (2016: R2.3 billion). Profit for the year attributable to equity holders came in at R4.4 billion (2016: loss of R5.4 billion). Furthermore, headline earnings per A and B share lowered to 165.79 cents per share (2016: 181.38 cents per share).



Dividends

The board has approved and notice is hereby given of final dividends of 67.67 cents per A share and 93.41 cents per B share for the six months ended 30 June 2017.



Prospects

The defensive nature of Fortress' direct property portfolio which specialises in logistics warehouses and the development thereof, in conjunction with its commuter-orientated retail centres, continues to deliver sustained growth in the current difficult economic environment. The group's strategically located land will ensure a sustainable pipeline for the development of technically superior logistics facilities. The listed offshore portfolio is well positioned to show strong growth in distributions. On the assumption that the A share dividend will increase by 5,00%, the board anticipates that the B share dividend will increase by approximately 15% for the 2018 financial year and by at least 15% for the 2019 financial year. The growth is based on the assumptions that there is no further deterioration of the macro-economic environment, that no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals. This forecast has not been audited or reviewed by Fortress' auditors.







07-Jun-2017
(Official Notice)
Shareholders are advised that Bongiwe Njobe has been appointed as an independent non-executive director to the board of Fortress with effect from 7 June 2017.

15-May-2017
(Official Notice)
Shareholders are advised that Mr Wiko Serfontein has resigned as an executive director of Fortress and Mr Vuso Majija has been appointed as an executive director to the board of Fortress with effect from 15 May 2017.

11-Apr-2017
(Official Notice)
Noteholders are advised that the Issuer has formally accepted the rating assigned by Global Credit Ratings (?GCR?) on Monday, 10 April 2017. GCR has upgraded the national scale rating of Fortress to AA-(za) in the long term and A1+(za) in the short term, with the outlook accorded as stable.

24-Feb-2017
(Official Notice)
Shareholders are referred to Fortress? condensed unaudited consolidated interim financial statements for the six months ended 31 December 2016 and the dividend tax treatment and salient dates announcements published on SENS on 9 February 2017, wherein shareholders were advised of the dividends of 67.96000 cents per A share and 78.59000 cents per B share for the six months ended 31 December 2016.



Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the dividends withholding tax rate was increased from 15% to 20%, the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill has amended section 64E of the Income Tax Act No. 58 of 1962 and the increased dividends withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.



Non-resident shareholders are accordingly advised that the net dividend amount due to non-resident shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (?DTA?) between South Africa and the country of residence of the shareholder, is 54.36800 cents per A share and 62.87200 cents per B share and not 57.76600 cents per A share and 66.80150 cents per B share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged. The salient dates and times and other information provided in respect of the dividend declaration announced on 9 February 2017 remain unchanged.
10-Feb-2017
(Official Notice)
In accordance with section 7.3 of the JSE Debt Listings Requirements, investors are advised that the Fortress Income Fund Ltd. interim results for the six months ended 31 December 2016 are available for inspection at the registered office of the Issuer. The interim results for the Issuer have also been made available on Fortress? website at http://www.fortressfund.co.za/financials.

09-Feb-2017
(C)
Net rental and related revenue for the interim period shot up to R1.1 billion (2015: R424.4 million). Profit for the period attributable to equity holders of the company improved to R1.6 billion (2015: loss of R7.8 billion). Furthermore, headline earnings per A share lowered to 73.50 cents per share (2015: 89.07 cents per share).



Dividends

The board has approved and notice is hereby given of interim dividends of 67.96 cents per A share and 78.59 cents per B share for the six months ended 31 December 2016.



Prospects

Fortress continues to strengthen its position as the preferred developer of prime logistics warehouses, delivering a technically superior product and the group's strategically located land will ensure a sustainable development pipeline. The offshore companies in which Fortress is invested are well positioned to show strong growth in distributions in hard currencies.



Dividend income from foreign listed holdings is hedged in line with the following policy:

*hedge 100% of the dividends to be received in the following 12 months;

*hedge 67% of the dividends to be received in months 13 to 24; and

*hedge 33% of the dividends to be received in months 25 to 36.



On the assumption that the A share dividend will grow at 5%, the board anticipates that the B share dividend will increase by approximately 25% for the 2017 financial year. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals. This forecast has not been audited or reviewed by Fortress' auditors.

09-Feb-2017
(Official Notice)
09-Dec-2016
(Official Notice)
Shareholders of Lodestone are referred to the announcements released on SENS regarding the general offer by Fortress to Lodestone shareholders to acquire all Lodestone shares by exchange of one Fortress A ordinary share and one Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer?), the last of which was released on SENS on Friday, 2 December 2016.



The general offer closed at 12:00 on Friday, 9 December 2016 and was accepted in respect of 233 803 645 Lodestone shares, representing 99.43% of all Lodestone shares in issue and 99.32% of Lodestone shares, excluding Lodestone shares held before the general offer by Fortress, persons which are related or inter-related to Fortress and persons deemed to be acting in concert with Fortress.



Fortress has invoked section 124(1)(a) of the Companies Act, 71 of 2008, in order to compulsorily acquire all of the remaining Lodestone shares it does not already own (on the same terms and conditions as the general offer). Fortress will compulsorily acquire the remaining Lodestone shares it does not already own in accordance with section 124(5) of the Companies Act and JSE settlement procedures at the commencement of business on Friday, 20 January 2017.
05-Dec-2016
(Official Notice)
In preparation for engagement with certain investors, Fortress advises shareholders of information regarding its performance in the current interim period as follows:

To reduce volatility in dividend income from its foreign listed holdings, the board has amended its hedging policy as follows:

- hedge 100% of the dividends to be received in the following 12 months;

- hedge 67% of the dividends to be received in months 13 to 24; and

- hedge 33% of the dividends to be received in months 25 to 36.



The board is of the view that the resultant increased certainty and predictability outweigh the potential benefits from a weakening Rand. In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period. Following the successful acquisition of Lodestone REIT Ltd. and recent distribution guidance published by Greenbay Properties Ltd., New Europe Property Investments plc and Rockcastle Global Real Estate Company Ltd., Fortress? distributions on its B shares are now forecast to increase by approximately 25% for the 2017 financial year.



The financial results for the six months ended 31 December 2016 will be published on or about 9 February 2017.
02-Dec-2016
(Official Notice)
Shareholders of Lodestone are referred to the announcements released on SENS regarding the general offer by Fortress to Lodestone shareholders to acquire all Lodestone shares by exchange of one Fortress A ordinary share and one Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer?), the last of which was released on SENS on Friday, 25 November 2016.



As at 13:00 on Friday, 2 December 2016, Fortress has received acceptances in respect of 232 709 491 Lodestone shares, representing 98.96% of all Lodestone shares in issue and 98.76% of Lodestone shares, excluding Lodestone shares held before the general offer by Fortress, persons which are related or inter-related to Fortress and persons deemed to be acting in concert with Fortress.



The general offer will close on Friday, 9 December 2016 at 12:00.





02-Dec-2016
(Official Notice)
LDO FFA FFB 201612020043A

Fortress/Lodestone - Provisional results of general offer



LODESTONE REIT LIMITED FORTRESS INCOME FUND LIMITED

(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)

(Registration number: 2010/017830/06) (Registration number: 2009/016487/06)

JSE share code: LDO ISIN: ZAE000197935 JSE share codes: FFA ISIN: ZAE000192787

(Approved as a REIT by the JSE) FFB ISIN: ZAE000192795

(?Lodestone?) (Approved as a REIT by the JSE)

(?Fortress?)





PROVISIONAL RESULTS OF GENERAL OFFER





Shareholders of Lodestone are referred to the announcements released on SENS regarding the general offer by

Fortress to Lodestone shareholders to acquire all Lodestone shares by exchange of one Fortress A ordinary share and

one Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer?), the last of which was

released on SENS on Friday, 25 November 2016.



As at 13:00 on Friday, 2 December 2016, Fortress has received acceptances in respect of 232 709 491 Lodestone

shares, representing 98.96% of all Lodestone shares in issue and 98.76% of Lodestone shares, excluding Lodestone

shares held before the general offer by Fortress, persons which are related or inter-related to Fortress and persons

deemed to be acting in concert with Fortress.



The general offer will close on Friday, 9 December 2016 at 12:00.





2 December 2016





Corporate advisor and sponsor to Fortress and designated advisor to Lodestone

Java Capital

Date: 02/12/2016 04:07:00 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.









25-Nov-2016
(Official Notice)
25-Nov-2016
(Official Notice)
Shareholders are advised that Nontando Mahlati has tendered her resignation as independent non-executive director of Fortress with effect from 31 December 2016.

18-Nov-2016
(Official Notice)
Shareholders of Lodestone are referred to the announcement released on SENS on 10 November 2016 wherein Lodestone REIT Ltd. ("Lodestone") shareholders were advised that the general offer by Fortress to Lodestone shareholders to acquire all Lodestone shares by exchange of one Fortress A ordinary share and one Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer?) was declared wholly unconditional.



Provisional results of general offer

As at 13:00 on Friday, 18 November 2016, Fortress has received acceptances in respect of 217 770 820 Lodestone shares, representing 92.61% of all Lodestone shares in issue and 91.20% of Lodestone shares, excluding Lodestone shares held before the general offer by Fortress, persons which are related or inter-related to Fortress and persons deemed to be acting in concert with Fortress. The general offer is open for acceptance and will remain open for at least 10 business days after announcement of the closing date, which will be announced no earlier than 25 November 2016.



Fortress is entitled to compulsorily acquire all of the remaining Lodestone shares from Lodestone shareholders who have not yet accepted the general offer. Fortress has elected to invoke section 124(1)(a) of the Companies Act in order to compulsorily acquire all of the remaining Lodestone shares it does not already own (on the same terms and conditions as the general offer). A notice to invoke section 124(1)(a) of the Companies Act will be posted to the holders of the remaining Lodestone shares who have not accepted the general offer in due course.
10-Nov-2016
(Official Notice)
Shareholders of Lodestone REIT Ltd. (?Lodestone?) are referred to the announcement, released on SENS on 19 September 2016, advising Lodestone shareholders that an offer circular (the ?Fortress offer circular?) was posted to Lodestone shareholders in respect of the general offer by Fortress (the ?general offer?) to acquire all of the Lodestone shares in issue by exchange of one Fortress A ordinary share and one Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer consideration?).



Shareholders are advised that Fortress has received unconditional approval from the Competition Authorities, in terms of the Competition Act, 89 of 1998, in relation to the acquisition of Lodestone by Fortress, thus fulfilling the condition precedent to the general offer.



The general offer is open for acceptance and will remain open for at least 10 business days after announcement of the closing date, which will be no earlier than 25 November 2016.



Lodestone shareholders who accept the general offer will receive the general offer consideration within 6 business days of acceptance.



03-Nov-2016
(Official Notice)
In terms of the provisions of section 45(5)(a) of the Companies Act 71 of 2008 (?the Act?) and pursuant to the special resolution passed at the annual general meeting of the company on 1 November 2016 authorising the board of directors to provide direct or indirect financial assistance to related and inter-related companies, notification is hereby given that the board of directors of Fortress adopted a resolution authorising Fortress to provide financial assistance to related and inter-related companies of Fortress, which financial assistance exceeds one tenth of one percent of the company?s net worth.
01-Nov-2016
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held today (in terms of the notice of annual general meeting dispatched to shareholders on 29 September 2016), all of the resolutions tabled thereat were passed by the requisite majority of Fortress shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Fortress shares that could have been voted at the annual general meeting: 2 126 834 524.

*total number of Fortress shares that were present/represented at the annual general meeting: 1 366 734 328, being 64.26% of the total number of Fortress shares that could have been voted at the annual general meeting.
07-Oct-2016
(Official Notice)
Fortress has complied with all pre-commencement conditions in respect of Clairwood Logistics Park, including environmental authorisation and zoning and has accordingly notified the Competent Authority of its intention to commence with this project. The Clairwood Racecourse was acquired in 2012. Fortress intends developing 358 000m? of A-grade logistics facilities on this property which is strategically located close to the Durban Maydon Wharf at an estimated development cost in excess of R3,4 billion.

29-Sep-2016
(Official Notice)
Shareholders are advised that the company?s integrated report, incorporating the audited financial statements for the year ended 30 June 2016, was dispatched to shareholders on Thursday, 29 September 2016, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2016 which were published on SENS on Thursday, 11 August 2016.



The integrated report contains a notice of annual general meeting for Fortress, which will be held at the company?s registered office, 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Tuesday, 1 November 2016 at 14h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 18 October 2016 and the record date for voting purposes is Friday, 21 October 2016.



The integrated report is available on the company?s website ? www.fortressfund.co.za.
19-Sep-2016
(Official Notice)
09-Sep-2016
(Official Notice)
Shareholders of Lodestone REIT Ltd. (?Lodestone?) are referred to the firm intention announcement released on SENS on 11 August 2016, relating to the general offer to be made by Fortress to Lodestone shareholders to acquire all of their Lodestone shares in exchange for 1 Fortress A ordinary share and 1 Fortress B ordinary share for every 6.66667 Lodestone shares held (the ?general offer?).



Lodestone shareholders are advised that Fortress anticipates posting an offer circular containing full details of the general offer to Lodestone shareholders by 16 September 2016. The Takeover Regulation Panel has granted Fortress a dispensation in this regard.



A further announcement will be released on SENS once the Fortress offer circular has been posted to Lodestone shareholders.
11-Aug-2016
(Official Notice)
11-Aug-2016
(Official Notice)
11-Aug-2016
(C)
Rental revenue shot up to R2.3 billion (2015: R842.5 million). Loss for the year attributable to equity holders came in at R5.4 billion (2015: profit of R2.6 billion). Furthermore, headline earnings per A and B share lowered to 181.38 cents per share (2015: 249.5 cents per share).



Dividends

The board has approved and notice is hereby given of final dividends of 64,45 cents per A share and 74,69 cents per B share for the six months ended 30 June 2016.



Prospects

Fortress has positioned itself as a preferred logistics developer with access to the best land and a reputation for delivering a technically superior product. This will enable the group to provide sustainable attractive growth in a difficult economic environment. Although exposed to fluctuations in the value of the Rand, the offshore companies in which Fortress is invested are well positioned to show strong growth in distributions in hard currencies.



On the assumption that the A share dividend will grow at 5%, the board anticipates that the B share dividend will increase by approximately 22% for the 2017 financial year.



The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market-related renewals.
27-Jul-2016
(Official Notice)
Fortress A shareholders are referred to the Fortress Memorandum of Incorporation in which it states that the Fortress A dividend of 61.38 cents per share for the six months ended 30 June 2015 (?previous comparable period?) will escalate by the lower of 5% and the most recently available Consumer Price Index (?CPI?) figure. The CPI figure is 6.35% and the Fortress A dividend growth will therefore be limited to 5%.



The dividend per Fortress B share for the six months ended 30 June 2016 will be between 74.09 cents and 74.87 cents per share, being between 89% and 91% higher than the 39,20 cents per B share for the previous comparable period.



Consequently, the dividend per Fortress B share for the year ended 30 June 2016 will be between 136.90 cents and 137.68 cents per share, being between 94% and 96% higher than the 70.41 cents per B share for the previous financial year.



Fortress has 1 119 708 334 Fortress A shares and 1 014 226 190 Fortress B shares in issue on which the Fortress A dividend and Fortress B dividend will be paid respectively.



The financial results for the year ended 30 June 2016 will be published on or about 11 August 2016.
23-Jun-2016
(Official Notice)
In terms of the provisions of section 45(5)(a) of the Companies Act 71 of 2008 (?the Act?) and pursuant to the special resolution passed at the annual general meeting of the company held 5 November 2015 authorising the board of directors to provide direct or indirect financial assistance to related and inter-related companies, notification is hereby given by Fortress that the board of directors of Fortress, adopted a resolution authorising Fortress to provide financial assistance to related and inter-related companies of Fortress, which financial assistance exceeds one tenth of one percent of the company?s net worth.
14-Jun-2016
(Official Notice)
Shareholders are advised that Fareed Wania has been appointed as an executive director of Fortress with effect from 14 June 2016.

13-May-2016
(Official Notice)
Moody?s Investors Service has recalibrated South Africa?s national rating scale mapping table and repositioned the national scale ratings of non-financial corporates. Following this, Moody?s has on 11 May 2016 repositioned Fortress? national scale ratings to Aa3.za/P-1.za from A3.za/P-2.za.



Global scale ratings

Moody?s furthermore assigned global scale local currency ratings of Baa3/P-3 to Fortress with a stable outlook.



Noteholders are referred to the press releases by Moody?s for any additional information.



14-Apr-2016
(Official Notice)
Shareholders are advised that, with effect from 13 April 2016, Steven Brown has been appointed as an alternate director to Andrew Teixeira, an executive director of Fortress.



Shareholders are further advised that Bernita Schaper has resigned as company secretary of Fortress and that Tamlyn Stevens has been appointed as company secretary with effect from 13 April 2016.
18-Feb-2016
(Official Notice)
Shareholders are advised that Fortress has closed its bookbuild announced earlier today.



In light of demand, the amount of capital to be raised was increased to R1.38 billion through the placing of 27 960 606 new A shares at a price of R15.00 per A share and the placing of 27 960 606 new B shares at a price of R34.50 per B share (collectively, the ?new Fortress shares?).



Subject to approval by the JSE, listing and trading of the new Fortress shares is expected to commence at 09:00 on Friday, 26 February 2016.



18-Feb-2016
(Official Notice)
Subject to pricing acceptable to Fortress, Fortress proposes an equity raise of approximately R1 billion (the ?equity raise?) through the issue of new Fortress A and B shares (?new shares?) in terms of a vendor consideration placing and under the Company?s general authority to issue shares for cash.



The equity raise will be offered to qualifying investors through an accelerated bookbuild process conducted on the JSE (the ?bookbuild?). All public and non-public investors (as defined under paragraphs 4.25 ? 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing and only public investors may participate in the equity raise under the company?s general authority. Applications are subject to a minimum subscription amount of R1 million per applicant. The equity raise is not an offer to the public as referred to in the South African Companies Act, No.71 of 2008, as amended.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing shares.



The bookbuild is now open and the company reserves the right to increase the size of the equity raise and close it at any time. Pricing and allocations will be announced as soon as practicable following the closing of the bookbuild.

09-Feb-2016
(Official Notice)
09-Feb-2016
(C)
Net rental and related revenue for the interim period jumped to R424.4 million (2014: R279.1 million). Loss for the period attributable to equity holders was recorded at R7.8 billion (2014: attributable profit of R673 million). Furthermore, headline earnings per A share grew to 89.07 cents per share (2014: 78.62 cents per share).



Distribution

The board has approved and notice is hereby given of interim dividends of 64.72 cents per A share and 62.81cents per B share for the six months ended 31 December 2015.



Prospects

Fortress continues to operate in a market faced with challenging macro- economic conditions. The decline in infrastructure and unreliability of essential services remain a key concern of the board. The quality of the property portfolio together with Fortress' large offshore exposure should enable the group to continue to grow distributions in this challenging environment. On the assumption that the A dividend will grow at 5%, the board anticipates that the B share dividend will increase by approximately 95% for the 2016 financial year.

28-Jan-2016
(Official Notice)
Fortress A shareholders are referred to the Fortress Memorandum of Incorporation in which it states that the Fortress A dividend of 61,75 cents per A ordinary share for the six months ended 31 December 2014 (?previous comparable period?) will escalate by the lower of 5% and the most recently available Consumer Price Index (?CPI?) figure. The CPI figure is 4,80% and the Fortress A dividend growth will therefore be limited to the lower CPI percentage.



The dividend per B ordinary share for the six months ended 31 December 2015 will be between 60,86 cents and 63,98 cents per B ordinary share, being between 95% and 105% higher than the 31,21 cents per B ordinary share for the previous comparable period.



Fortress has 1 091 747 728 Fortress A shares and 986 265 584 Fortress B shares in issue on which the Fortress A dividend and Fortress B dividend will be paid respectively.



The financial results on which this trading statement is based have not been reviewed or reported on by Fortress? auditors. The financial results for the six months ended 31 December 2015 will be published on or about 9 February 2016.



11-Dec-2015
(Official Notice)
Shareholders are referred to the joint announcements released on SENS by Fortress and Capital Property Fund Ltd. (?Capital?) on Thursday, 16 July 2015, Wednesday, 19 August 2015, Monday, 28 September 2015 and Wednesday, 28 October 2015 regarding, inter alia, the scheme of arrangement entered into between Capital and Capital shareholders in terms of which Fortress has acquired all of the Capital shares that Fortress did not already own(the ?Fortress scheme?) and the specific repurchase of the Fortress B shares held by Capital.



Following the implementation of the Fortress scheme, shareholders are advised that Fortress had on 3 December 2015 repurchased the 105 482 144 Fortress B shares held by Capital, which shares have now been delisted. The current issued share capital of Fortress after the implementation of the Fortress scheme and the delisting of the repurchased Fortress B shares comprises 1 091 747 728 Fortress A shares and 986 265 584 Fortress B shares.
04-Dec-2015
(Official Notice)
In accordance with section 7.2 of the JSE Debt Listings Requirements, investors are herewith advised that the Fortress integrated report and annual financial statements for the year ended 30 June 2015 of the companies guaranteeing the Fortress R10 000 000 000 Domestic Medium Term Note Programme, dated 7 June 2012, are available for inspection at the registered office of the Issuer.
01-Dec-2015
(Official Notice)
Shareholders are advised that, pursuant to the implementation of the scheme of arrangement entered into between Capital Property Fund Ltd. (?Capital?) and Capital shareholders in terms of which Fortress has acquired all of the Capital shares that Fortress does not already own in exchange for Fortress A ordinary shares and Fortress B ordinary shares, the board of directors of Fortress (the ?board?) has been reconstituted with effect from 1 December 2015.



Iraj Abedian has been appointed as independent non-executive chairman in place of Jeff Zidel who will remain on the board as the independent non-executive deputy chairman. Mark Stevens will remain as the managing director. Wiko Serfontein has resigned as financial director but will remain on the board as an executive director. Wiko has been replaced by Rual Bornman as financial director. Andrew Teixeira has been appointed as an executive director. Kura Chihota, Nontando Mahlati and Djurk Venter have remained on the board as independent non-executive directors. Tshiamo Vilakazi, Jan Potgieter and Banus van der Walt have been appointed as independent non-executive directors. Craig Hallowes has resigned as an executive director of Fortress. Chris Lister-James has resigned as an independent non-executive director of Fortress.



Accordingly, with effect from 1 December 2015 the board comprises the following directors:

*Iraj Abedian (Independent non-executive chairman)

*Kura Chihota (Independent non-executive director)

*Jeff Zidel (Independent non-executive deputy chairman)

*Tshiamo Vilakazi (Independent non-executive director)

*Mark Stevens (Managing director)

*Nontando Mahlati (Independent non-executive director)

*Rual Bornman (Financial director)

*Djurk Venter (Independent non-executive director)

*Andrew Teixeira (Executive director)

*Jan Potgieter (Independent non-executive director)

*Wiko Serfontein (Executive director)

*Banus van der Walt (Independent non-executive director)

30-Nov-2015
(Official Notice)
Shareholders are advised that, pursuant to the general authority to issue shares for Black Economic Empowerment purposes granted by shareholders to the company at the annual general meeting held on 5 November 2015 (the ?AGM?), Fortress will issue 23 300 000 Fortress A shares at an issue price of 1 650 cents per Fortress A share and 23 300 000 Fortress B shares at an issue price of 3 850 cents per Fortress B share to The Siyakha Education Trust (?the Trust?) on Wednesday, 2 December 2015.



In order to enable it to subscribe for the 23 300 000 Fortress A shares and 23 300 000 Fortress B shares, Fortress provided R1 billion of financial assistance to the Trust in terms of the authority granted by shareholders to the company at the AGM for the purchase of the company?s ordinary shares for the purposes of effecting Black Economic Empowerment.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust?s focus is the upliftment of black education in South Africa.
25-Nov-2015
(Official Notice)
Capital shareholders are referred to the joint announcements released on SENS on Thursday, 16 July 2015, Wednesday, 19 August 2015, Monday, 28 September 2015, Wednesday, 7 October 2015, Wednesday, 28 October 2015 and Thursday, 12 November 2015 regarding, inter alia, the offer by Fortress to acquire all of the issued shares in Capital that Fortress does not already own in exchange for Fortress A shares and Fortress B shares, by scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 between Capital and all of its shareholders (the ?Fortress scheme?).



As consideration for the Capital shares acquired by Fortress pursuant to the Fortress scheme, Capital shareholders have received 0.35 Fortress A ordinary shares (?Fortress A ordinary consideration shares?) and 0.35 Fortress B ordinary shares (?Fortress B ordinary consideration shares?) for every Capital share held on the scheme consideration record date (the ?disposed Capital share?). The purpose of this announcement is to notify Capital shareholders of Capital?s calculation of the apportionment of the proceeds received by Capital shareholders pursuant to the Fortress scheme between the Fortress A ordinary consideration shares and the Fortress B ordinary consideration shares.



The apportionment of the proceeds has been calculated based on the closing prices of Fortress A shares and Fortress B shares on 20 November 2015, being the last day to trade in Capital shares in order to participate in the Fortress scheme. For each disposed Capital share, the amount received is R17.61 relating to the Fortress A ordinary consideration share (29.05941% of the proceeds per disposed Capital share) and R42.99 relating to the Fortress B ordinary consideration share (70.94059% of the proceeds per disposed Capital share).



The tax treatment for Capital shareholders participating in the Fortress scheme is dependent on the individual circumstances and jurisdiction of such Capital shareholders. It is recommended that if Capital shareholders are uncertain about the tax treatment of the receipt of the Fortress A ordinary consideration shares and the Fortress B ordinary consideration shares, they seek appropriate advice in this regard.
13-Nov-2015
(Media Comment)
Business Day reported that Fortress Income Fund is finalising the acquisition of Capital Property Fund which is an industrial and office specialist. The deal is estimated to be valued at more R52 billion and Fortress would hold 100% of Capital's issued share capital. This would be the largest merger in the South African listed property sector. The merged entity will be included in the MSCI Emerging Markets Index making it an attractive investment for off shore institutions. This has boosted Fortress' share prices and could make Fortress the second largest South African-based listed property company.
12-Nov-2015
(Official Notice)
05-Nov-2015
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 5 November 2015 (in terms of the notice of annual general meeting dispatched to shareholders on 30 September 2015), all of the resolutions tabled thereat were passed by the requisite majority of Fortress shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Fortress shares that could have been voted at the annual general meeting: 932 502 210.

*total number of Fortress shares that could have been voted at the annual general meeting for purposes of ordinary resolution number 8: 882 621 319.

*total number of Fortress shares that were present/represented at the annual general meeting:. 840 308 426, being 90.11% of the total number of Fortress shares that could have been voted at the annual general meeting.
28-Oct-2015
(Official Notice)
Capital and Fortress shareholders are referred to the joint announcements released on SENS on Thursday, 16 July 2015, Wednesday, 19 August 2015, Monday, 28 September 2015 and Wednesday, 7 October 2015 regarding, inter alia, the offer by Fortress to acquire all of the issued shares in Capital that Fortress does not already own in exchange for Fortress A shares and Fortress B shares, by scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the ?Companies Act?) between Capital and all of its shareholders (the ?Fortress scheme?), the specific repurchase of Fortress B shares and a general authority to repurchase Fortress A shares pursuant to the implementation of the Fortress scheme.



Capital and Fortress shareholders are now advised that:

* at the Capital scheme meeting held on Wednesday, 28 October 2015 (in terms of the notice of scheme meeting of Capital shareholders contained in the scheme circular posted to Capital shareholders on Monday, 28 September 2015) (the ?Capital scheme meeting?), all of the resolutions tabled at the meeting were passed by the requisite majority of Capital shareholders; and

* at the Fortress general meeting held on Wednesday, 28 October 2015 (in terms of the notice of general meeting of Fortress shareholders contained in the category 1 transaction circular posted to Fortress shareholders on Monday, 28 September 2015) (the ?Fortress general meeting?), all of the resolutions tabled at the meeting were passed by the requisite majority of Fortress shareholders.



Accordingly, subject to the fulfilment or waiver of the outstanding conditions precedent to the Fortress scheme, the Fortress scheme will now be implemented. A further announcement will be released regarding the fulfilment and/or waiver of the outstanding conditions to the Fortress scheme at the appropriate time.
07-Oct-2015
(Official Notice)
Fortress and Capital Property Fund Ltd. ("Capital") shareholders are referred to the joint announcements released on SENS on Thursday, 16 July 2015, Wednesday, 19 August 2015 and Monday, 28 September 2015 regarding, inter alia, the offer by Fortress to acquire all of the issued shares in Capital that Fortress does not already own in exchange for Fortress A shares and Fortress B shares, by scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 between Capital and all of its shareholders (the ?Fortress scheme?).



Capital and Fortress are pleased to announce that the merger between Capital and Fortress, pursuant to the Fortress scheme, has been unconditionally approved by the Competition Tribunal. Accordingly, the condition precedent relating to obtaining approval from the Competition Authorities has been fulfilled.
30-Sep-2015
(Official Notice)
Shareholders are advised that the company?s integrated report, incorporating the audited financial statements for the year ended 30 June 2015, was dispatched to shareholders on Wednesday, 30 September 2015, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2015 which were published on SENS on Thursday, 30 July 2015.



The integrated report contains a notice of annual general meeting for Fortress, which will be held at the company?s registered office, 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Thursday, 5 November 2015 at 14h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 23 October 2015 and the record date for voting purposes is Friday, 30 October 2015.



The integrated report is available on the company?s website - www.fortressfund.co.za.
28-Sep-2015
(Official Notice)
03-Sep-2015
(Official Notice)
At the combined general meeting of A ordinary shareholders and B ordinary shareholders of Fortress held on Thursday, 3 September 2015 (in terms of the notice of combined general meeting dispatched to shareholders on 5 August 2015), relating to the proposed increase of Fortress? authorised share capital necessary to implement the proposed scheme of arrangement to be entered into between Fortress and Capital Property Fund Ltd. resolutions tabled thereat were passed by the requisite majority of Fortress shareholders.
19-Aug-2015
(Official Notice)
19-Aug-2015
(Official Notice)
05-Aug-2015
(Official Notice)
Fortress shareholders are referred to the joint firm intention announcement released on SENS on 16 July 2015 wherein Fortress shareholders were, inter alia, advised that:

* Fortress has given notice of its firm intention to acquire all of the issued shares of Capital Property Fund Ltd. that Fortress does not already own in exchange for Fortress A shares and Fortress B shares by scheme of arrangement (the ?scheme?); and

* in order to implement the scheme and as a condition precedent to the Fortress scheme, Fortress is required to increase its authorised share capital.



Fortress has, on 5 August 2015, posted a notice of a general meeting to be held at 10:00 on Thursday, 3 September 2015 at the registered office of the company (3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia, 2191), for the purposes of considering and, if deemed fit, passing with or without modification the resolutions necessary to increase the authorised share capital of Fortress so as to enable Fortress to implement the scheme.



The last day to trade in order to be eligible to participate in and vote at the aforesaid general meeting is Friday, 21 August 2015 and the record date for voting purposes is Friday, 28 August 2015.
30-Jul-2015
(Official Notice)
30-Jul-2015
(C)
Rental revenue increased to R842.5 million (R763.4 million). Net attributable profit increased to R2.6 billion (R1.2 billion). In addition, headline earnings per A and B share jumped to 249.50cps (99.87cps). Fortress changes their capital structure from linked units to shares. Headline earnings per linked unit from the previous year, cannot be compared to this year as Fortress only has headline earnings per share figures.



Distribution

The board has approved and notice is hereby given of final dividends (dividends no 12) of 61,38 cents per A share and 39,20 cents per B share for the six months ended June 2015.



Prospects

Fortress continues to face challenges brought about by the low-growth macro-economic environment in South Africa and continued disruption to service delivery, particularly electricity and water supply.



While Fortress? retail centres continue to perform well, continued closure and downscaling of mining operations could affect tenants over time in the affected areas. Fortress should, however, continue to benefit from its large investment and the anticipated growth in distributions from its foreign-currency denominated listed equities.



Based on forecast exchange rates of R13,00 to the Euro, R11,80 to the US Dollar and R18,00 to the Pound Sterling, the board anticipates that Fortress will achieve total growth in dividends of approximately 18% for the 2016 financial year.



The growth is further based on the assumptions that a stable macro- economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress? auditors.
22-Jul-2015
(Official Notice)
Shareholders are advised that Fortress anticipates that the combined dividend for the A ordinary shares and B ordinary shares for the year ended 30 June 2015 will be between 19% and 21% higher than for the year ended 30 June 2014.



Consequently, the dividend per Fortress B ordinary share for the year ended 30 June 2015 will be between 68.34 cents and 71.56 cents, being between 57.9% and 65.3% higher than the 43.28 cents distribution per B linked unit for the previous comparable financial year.



The dividend per Fortress B ordinary share for the six months ended 30 June 2015 will be between 37.13 cents and 40.35 cents, being between 52.2% and 65.4% higher than the 24.39 cents distribution per B linked unit for the previous comparable six month period.



Fortress A shareholders are referred to the Fortress Memorandum of Incorporation in which it states that the Fortress A distribution of 58.81 cents per A linked unit for the six months ended 30 June 2014 will escalate by the lower of 5% and the most recently available Consumer Price Index (?CPI?) figure. Accordingly, the CPI figure is 4.37% and the Fortress A dividend growth will therefore be limited to the lower CPI percentage.



The financial results for the year ended 30 June 2015 will be published on or about 30 July 2015.
16-Jul-2015
(Official Notice)
01-Jun-2015
(Official Notice)
15-May-2015
(Official Notice)
Fortress and Capital Property Fund Ltd. ("Capital") shareholders are advised that Capital has received a non-binding expression of interest from Fortress for the acquisition of all of the issued shares in Capital. The boards of Capital and Fortress are in discussion and will update shareholders whenever appropriate. The non-binding expression of interest and discussions in that regard do not constitute a firm intention by Fortress to make an offer and it is possible that no offer may result from this process. Accordingly, pending further announcements, Capital and Fortress shareholders are advised to exercise caution when dealing in their Capital and Fortress shares respectively.
08-May-2015
(Official Notice)
25-Mar-2015
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 3 February 2015 wherein the salient dates and times in respect of:

* the conversion of Fortress? authorised and issued ordinary par value shares to authorised and issued ordinary shares of no par value;

* the increase of Fortress? authorised share capital;

* the conversion of the company?s current ?A? linked unit capital structure to an ?A? ordinary share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 which scheme is being proposed by the company between the company and its ?A? debenture holders (the ?A scheme?);

* the conversion of the company?s current ?B? linked unit capital structure to a ?B? ordinary share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 which scheme is being proposed by the company between the company and its ?B? debenture holders (the ?B scheme?);

* the amendment of Fortress? Memorandum of Incorporation to enable the change in Fortress? capital structure;

* the amendment of Fortress? Debenture Trust Deed to enable the A scheme and the B scheme;

* the adoption of a new Memorandum of Incorporation to give effect to the change in Fortress? capital structure; and

* the subsequent termination of Fortress? Debenture Trust Deed,

(collectively the ?transactions?), were announced.



The requisite special resolutions in respect of the transactions have been filed with the Companies and Intellectual Property Commission (?CIPC?) for registration. Registration of the special resolutions in respect of the transactions has been delayed due to backlogs at the CIPC. Consequently, the salient dates for the transactions will need to be revised. The revised salient dates will be announced in due course, once the special resolutions in respect of the transactions have been registered with the CIPC.
05-Mar-2015
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 3 February 2015 wherein linked unitholders were advised that Fortress had posted a circular to linked unitholders (the ?circular?) relating to:

* the conversion of Fortress? authorised and issued ordinary par value shares to authorised and issued ordinary shares of no par value;

* the increase of Fortress? authorised share capital;

* the conversion of the company?s current ?A? linked unit capital structure to an ?A? ordinary share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the ?Companies Act?) which scheme is being proposed by the company between the company and its ?A? debenture holders (the ??A? debenture scheme?);

* the conversion of the company?s current ?B? linked unit capital structure to a ?B? ordinary share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, which scheme is being proposed by the company between the company and its ?B? debenture holders (the ??B? debenture scheme?);

* the amendment of Fortress? memorandum of incorporation to enable the change in Fortress? capital structure;

* the amendment of Fortress? debenture trust deed to enable the schemes;

* the adoption of a new memorandum of incorporation to give effect to the change in Fortress? capital structure; and

* the subsequent termination of Fortress? debenture trust deed.



Linked unitholders are advised that at the combined debenture holders general meeting, the ?A? debenture holders scheme meeting, the ?B? debenture holders scheme meeting, the combined ordinary shareholders general meeting, the ?A? ordinary shareholders general meeting and the ?B? ordinary shareholders general meeting (?the meetings?) held on Thursday, 5 March 2015, all resolutions required to be passed by the Fortress debenture holders and shareholders to approve the transactions detailed above were passed by the requisite majority of the Fortress debenture holders and shareholders.
03-Mar-2015
(Official Notice)
10-Feb-2015
(Official Notice)
10-Feb-2015
(C)
Net rental and related revenue for the interim period jumped to R279 million (2013: R275 million). Profit for the period attributable to equity holders soared to R673 million (2013: R307 million). Furthermore, headline earnings per A linked unit grew to 145.46 cents per unit (2013: 103.89 cents per unit).



Distribution

The board has approved and notice is hereby given of interim distributions (distributions no 11) of 61,75 cents per A linked unit and 31,21 cents per B linked unit for the six months ended December 2014.



Prospects

The board is confident that Fortress will achieve overall growth in distributions of approximately 20% for the 2015 financial year. The forecast assumes exchange rates of R12.80 to the Euro, R11.20 to the US Dollar and R17.00 to the Pound Sterling.



The growth is further based on the assumptions that a stable macro- economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress? auditors.
03-Feb-2015
(Official Notice)
23-Jan-2015
(Official Notice)
Linked unitholders are advised that Fortress anticipates that the combined distribution for the A and B linked units for the six months ended 31 December 2014 will be between 18% and 20% higher than for the six months ended 31 December 2013 (?previous comparable period?).



Consequently, the distribution for the B linked units for the six months ended 31 December 2014 will be between 29.94 cents and 31.49 cents per B linked unit, being between 58% and 67% higher than the 18.89 cents per B linked unit for the previous comparable period.



The financial results for the six months ended 31 December 2014 will be published on or about 10 February 2015.
09-Dec-2014
(Official Notice)
Linked unitholders are advised that, pursuant to the general authority to issue linked units for cash granted by linked unitholders to the company at the annual general meeting held on 13 November 2014 (the ?AGM?), Fortress has issued new linked units totalling R500 million to The Siyakha Education Trust (?the Trust?), comprising 15 847 860 Fortress A linked units at an issue price of 1 630 cents per A linked unit and 15 847 860 Fortress B linked units at an issue price of 1 525 cents per B linked unit. These linked units will be issued to the Trust and listed on Friday, 12 December 2014 or as soon as possible thereafter.



In order to enable it to subscribe for the linked units Fortress provided financial assistance to the Trust in terms of the authority granted by linked unitholders to the company at the AGM to allow the company to provide financial assistance for the purchase of the company?s linked units for the purposes of effecting Black Economic Empowerment.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust?s focus is the upliftment of black education in South Africa.
25-Nov-2014
(Official Notice)
The full amount of capital of R485 million was raised through the placing of 16 112 957 new A linked units at a price of R16.10 per A linked unit and the placing of 16 112 957 new B linked units at a price of R14.00 per B linked unit (collectively, the "new Fortress linked units"). Subject to approval by the JSE, listing and trading of the new Fortress linked units is expected to commence at 09:00 on Tuesday, 2 December 2014.
25-Nov-2014
(Official Notice)
Subject to pricing acceptable to Fortress, Fortress proposes an equity raise of up to a maximum of R485 million (the "equity raise") through the issue of new Fortress A and B linked units ("new linked units") in terms of a vendor consideration placing, to fund the acquisition of Weskus Mall, as announced on SENS on 6 October 2014.



The equity raise will be implemented through an accelerated book build process (the "book build"). All public and non-public investors (as defined under paragraphs 4.25 - 4.26 of the JSE Listings Requirements) may participate in the vendor consideration placing, subject to a minimum subscription application of R1 million per applicant. The book build is now open and the company reserves the right to close it at any time thereafter.



The new linked units, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing linked units. Pricing and allocations will be announced as soon as practicable following the closing of the book build.
13-Nov-2014
(Official Notice)
Linked unitholders are advised that at the annual general meeting of linked unitholders held on Thursday, 13 November 2014 (in terms of the notice of annual general meeting dispatched to linked unitholders on 29 September 2014), all of the resolutions tabled thereat were passed by the requisite majority of Fortress linked unitholders.

Details of the results of voting at the annual general meeting are as follows:

*total number of Fortress linked units that could have been voted at the annual general meeting: 848 580 576

*total number of Fortress linked units that were present/represented at the annual general meeting: 759 762 879 being

*89.53 % of the total number of Fortress linked units that could have been voted at the annual general meeting.



Accordingly, notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act, 2008 (the Act) and pursuant to special resolution 2 passed at the annual general meeting of the company, authorising the company to provide direct or indirect financial assistance to related or inter-related parties, the board of directors (the board) has resolved in terms of section 45(2) of the Act to authorise Fortress to provide financial assistance to entities or to financiers of such entities who are related to Fortress (which includes certain of its subsidiaries), which financial assistance exceeds one-tenth of one percent of the company?s net worth. Linked unitholders are accordingly advised of such financial assistance which will be provided on an ongoing basis subject to the solvency and liquidity requirements provided for in the Act.
10-Nov-2014
(Official Notice)
Linked unitholders are advised that following feedback received from Fortress linked unitholders on the resolutions proposed for adoption at the annual general meeting of the company to be held at 14h00 on Thursday, 13 November 2014, the company proposes to limit the scope of the authority granted to the directors of the company in terms of ordinary resolution number 7 (general authority to issue linked units for cash) to the issue of linked units for cash only in respect of transactions undertaken for the purposes of effecting Black Economic Empowerment as further set out in special resolution number 4.
06-Nov-2014
(Media Comment)
Business Day reports that the acquisition of Weskus mall by Fortress has been approved.
06-Oct-2014
(Official Notice)
Linked unitholders are advised that Fortress has concluded an agreement for the acquisition of Weskus Mall. Weskus Mall is a 33 525m2 regional shopping centre located in Vredenburg in the Western Cape. The centre is anchored by Checkers, Edgars, Game and Woolworths and other tenants include all the major national clothing retailers.



The acquisition price of R469.9 million represents a yield of 7.75% and will be paid in cash. The acquisition price will escalate at a rate of 7.7% per annum from 1 July 2014 until date of transfer and is payable by Fortress on date of transfer. Other than approval from the Competition Commission, all suspensive conditions relating to the acquisition have been fulfilled and transfer of the property is expected by no later than 31 December 2014.
29-Sep-2014
(Official Notice)
Linked unitholders are advised that the company's integrated report, incorporating the audited annual financial statements for the year ended 30 June 2014, was dispatched to linked unitholders on Monday, 29 September 2014, and contains no changes from the preliminary summarised audited consolidated financial statements for the year ended 30 June 2014 which were published on SENS on Tuesday, 12 August 2014.



The integrated report contains a notice of annual general meeting for Fortress, which will be held at the company's registered office, 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Thursday, 13 November 2014 at 14h00.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 31 October 2014 and the record date for voting purposes is Friday, 7 November 2014.



The integrated report is available on the company?s website - www.fortressfund.co.za.

12-Aug-2014
(Official Notice)
12-Aug-2014
(C)
Rental revenue increased to R763.4 million (R674.9 million). Net attributable profit decreased to R1.2 billion (R1.3 billion). In addition, headline earnings per A linked unit jumped to 217.49cplu (201.08cplu), and headline earnings per B linked unit rose to 143.62cplu (117.79cplu).



Distribution

The board has approved and notice is hereby given of final distributions of 58.81 cents per A linked unit and 24.39 cents per B linked unit for the six months ended 30 June 2014.



Prospects

The board is confident that Fortress will achieve overall growth in distributions of approximately 12% for the 2015 financial year. The forecast assumes exchange rates of R14,00 and R10,20 to the Euro and US Dollar respectively. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress? auditors.
21-Jul-2014
(Official Notice)
Linked unitholders are advised that Fortress anticipates that its distributable income for the year ended 30 June 2014 will be between 14% and 15% higher and its distribution per B linked unit for the year ended 30 June 2014 will be between 49% and 54% higher than for the year ended 30 June 2013. The financial results announcement will be published on or about 12 August 2014.
09-Jul-2014
(Official Notice)
Linked unitholders are advised that Mr Craig Hallowes has been appointed to the board of directors of Fortress as an executive director with effect from 9 July 2014.
09-Jun-2014
(Official Notice)
Fortress linked unitholders were notified that the rights offer closed on Friday, 6 June 2014 and are advised that, in respect of the rights offer linked units, which were offered to linked unitholders and/or their renouncees:

*a total of 234 960 011 Fortress A linked units, being 535.7% of the new Fortress A linked units, were applied for in terms of the rights offer; and

*a total of 53 508 762 Fortress B linked units, being 122.0% of the new Fortress B linked units, were applied for in terms of the rights offer.



Applications included excess applications for 191 618 495 Fortress A linked units and 9 847 393 Fortress B linked units, of which 514 901 new Fortress A linked units and 195 048 new Fortress B linked units will be allocated equitably, taking cognisance of the number of linked units and rights held by each linked unitholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess linked units applied for by such linked unitholder.



The rights offer was fully underwritten by Resilient Property Income Fund Ltd. ("Resilient"). Given that the rights offer was fully subscribed for after taking into account the excess applications received, Resilient will not be allocated any rights offer linked units pursuant to its underwriting obligation.



Dematerialised linked unitholders who have subscribed for rights offer linked units will have their accounts debited and updated by their CSDP/broker on Monday, 9 June 2014. There are no certificated linked unitholders who have subscribed for rights offer linked units.



Dematerialised linked unitholders on the linked unit register who applied for excess rights offer linked units will have the excess linked units allocated to them and credited to their accounts by their CSDP/broker on Wednesday, 11 June 2014. Following the issue of the 43 856 417 new Fortress A linked units and 43 856 417 new Fortress B linked units, the total issued linked unit capital of the company will increase to 424 290 288 A linked units and 424 290 288 B linked units.
29-May-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on Wednesday, 4 December 2013 ("December 2013 announcement"), in which Fortress detailed its acquisition of shares in Rockcastle Global Real Estate Company Ltd. (Incorporated in the Republic of Mauritius with registration number 108869 C1/GBL) ("Rockcastle"). Subsequent to the December 2013 announcement, Fortress has acquired 13 000 000 Rockcastle shares in the open market for an aggregate purchase price of R180.6 million (the "additional share acquisition") and has agreed to subscribe for 34 244 284 shares in Rockcastle in terms of a placement of 175 500 000 new shares undertaken by Rockcastle (the "subscription") which placement closed on Wednesday, 21 May 2014 (the "placement").



Under the placement, Fortress is subscribing for the new shares through Rockcastle's South African share register at a subscription price of R14.60 per share, equating to an aggregate subscription price of R500 million. The new Rockcastle shares are expected to be issued, listed and traded on the Alternative Exchange of the JSE from Friday, 30 May 2014. The Rockcastle shares will rank for dividends in respect of the period 1 January 2014 to 30 June 2014. The additional share acquisition was funded through Fortress' available debt facilities and the subscription will be funded in the same manner. Following the subscription, Fortress will hold 154 745 000 shares in Rockcastle, being 21.93% of Rockcastle?s shares in issue.
20-May-2014
(Official Notice)
Linked unitholders are referred to the announcements released on SENS on 9 May 2014 and 13 May 2014 in relation to the rights offer by Fortress ("the rights offer') in terms of which:

*Fortress A linked unitholders will be offered a total of 43 856 417 Fortress A linked units at an issue price of R13.90 each in the ratio of 11.52800 new Fortress A linked units for every 100 Fortress A linked units held by them on Friday, 23 May 2014; and

*Fortress B linked unitholders will be offered a total of 43 856 417 Fortress B linked units at an issue price of R8.90 each in the ratio of 11.52800 new Fortress B linked units for every 100 Fortress B linked units held by them on Friday, 23 May 2014.



Linked unitholders are advised that the circular in respect of the rights offer was made available today, Tuesday, 20 May 2014 on the company?s website www.fortressfund.co.za and will be posted to dematerialised linked unitholders on Tuesday, 27 May 2014.
13-May-2014
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on Friday, 9 May 2014 in respect of the rights offer by Fortress ("the rights offer") in terms of which:

* Fortress A linked unitholders will be offered a total of 43 856 417 Fortress A linked units at an issue price of R13.90 each in the ratio of 11.52800 new Fortress A linked units for every 100 Fortress A linked units held by them on Friday, 23 May 2014; and

* Fortress B linked unitholders will be offered a total of 43 856 417 Fortress B linked units at an issue price of R8.90 each in the ratio of 11.52800 new Fortress B linked units for every 100 Fortress B linked units held by them on Friday, 23 May 2014,

(collectively, "the rights offer linked units").



Linked unitholders are advised that the rights offer is unconditional and accordingly the rights offer may now be implemented.



The salient dates and times of the rights offer will be the same as those published in the announcement released on SENS on Friday, 9 May 2014 and published in the press on Monday, 12 May 2014.



Linked unitholders may commence trading in the rights offer linked units on Monday, 2 June 2014.
09-May-2014
(Official Notice)
03-Apr-2014
(Official Notice)
Fortress announces that Global Credit Ratings ("GCR") has, on 02 April 2014, upgraded Fortress? national scale long term rating from A-(za) to A(za) and its national scale short term rating from A1-(za)to A1(z). The outlook is stable.



The updated GCR report will be made available on Fortress' website (www.fortressfund.co.za) once it has been released by GCR.
01-Apr-2014
(Official Notice)
Fortress linked unitholders are advised that the placement of 37 million Fortress A linked units and 10.25 million Fortress B linked units on behalf of Amber Peek Investments (Pty) Ltd. has been successfully concluded. The Fortress A linked units were placed at R14 each and the Fortress B linked units at R9 each. The placement was significantly oversubscribed at this level and successful applicants will be advised of their allocations during the course of the day.
01-Apr-2014
(Official Notice)
Java Capital is authorised to place up to 37 million Fortress A linked units and 10.25 million Fortress B linked units on behalf of Amber Peek Investments (Pty) Ltd. ("Amber Peek"). Amber Peek was established inter alia by Fortress to facilitate broad-based black economic empowerment. It is in effect 100% black-owned, 48% by The Resilient Education Trust, 26% by Aquarella Investments 553 (Pty) Ltd. (owned by 50 black individuals from Thohoyandou) and 26% by Celtic Rose Investments 10 (Pty) Ltd. (owned by nine black individuals from Johannesburg). The ultimate beneficiaries wish to realise their investments in Fortress and the Fortress board has agreed to accommodate the acceleration of this realisation.



The placement will be conducted through an accelerated book build process undertaken by Java Capital and interested parties should contact Andrew Brooking or Carl Esterhuysen on (011) 283 0050 or by e-mail on fortress@javacapital.co.za.
18-Mar-2014
(Official Notice)
Linked unitholders are advised that Fortress has issued new linked units totalling R400 million to The Resilient Education Trust ("the Trust"), comprising 17 021 276 new Fortress A linked units at an issue price of 1 410 cents per A linked unit and 17 021 276 new Fortress B linked units at an issue price of 940 cents per B linked unit. These linked units were issued to the Trust and listed on Monday, 17 March 2014.



The Trust is a charitable trust and is registered as a public benefit organisation. The Trust's focus is the upliftment of black education in South Africa. Fortress has partnered with Resilient Property Income Fund Ltd. in this empowerment initiative.



Fortress provided R250 million of financial assistance to the Trust in terms of the authority granted by linked unitholders at the annual general meeting held on 14 November 2013.
11-Feb-2014
(C)
Net rental and related revenue for the interim period jumped to R281.2 million (2012: R246.5 million). Profit for the period attributable to equity holders soared to R306.8 million (2012: R203.9 million). Furthermore, headline earnings per A linked unit grew to 104.11 cents per unit (2012: 101.75 cents per unit).



Distribution announcement

The board has approved and notice is hereby given of interim distributions (distributions no nine) of 58.81 cents per A linked unit and 18.89 cents per B linked unit for the six months ended 31 December 2013.



Prospects

Following the strong property performance and the depreciation of the Rand, the board is of the opinion that Fortress will achieve growth in distributions of approximately 12% for the 2014 financial year. The forecast assumes exchange rates of R13.75 and R10.00 to the Euro and US Dollar respectively. The growth is further based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs and municipal rates. Budgeted rental income was based on contractual escalations and market related renewals.
28-Jan-2014
(Official Notice)
Accordingly, linked unitholders are advised that Fortress anticipates that the distribution per B linked unit for the six months ended 31 December 2013 will be between 37% and 42% higher than for the six months ended 31 December 2012. The financial results announcement will be published on or about 11 February 2014.
04-Dec-2013
(Official Notice)
Fortress has agreed to subscribe for 18 656 716 shares in Rockcastle Global Real Estate Company Limited (Incorporated in the Republic of Mauritius with rregistration number 108869 C1/GBL) (Rockcastle) in terms of a placement of 90 000 000 new shares undertaken by Rockcastle (the subscription). Fortress is subscribing for the new shares through Rockcastle?s Mauritian share register at a subscription price of USD1.30 per share, equating to an aggregate subscription price of R248 497 569. The subscription price will be settled in cash out of Fortress? available debt facilities. The Rockcastle shares are expected to be issued, listed and traded on the Alternative Exchange of the JSE and the Stock Exchange of Mauritius Limited (SEM) from Tuesday, 10 December 2013. The Rockcastle shares will rank for dividends in respect of the period 1 July 2013 to 31 December 2013. Following this subscription Fortress will hold 107 500 716 shares in Rockcastle, equivalent to 20.28% of Rockcastle?s shares in issue.



This additional investment in Rockcastle is in line with Fortress? strategy to increase its offshore exposure. Rockcastle has a primary listing on the SEM and a secondary listing on the JSE. Rockcastle?s primary objective is to invest in real estate assets and companies with attractive yields with the prospect of capital growth. The additional capital raised by Rockcastle through the placement will be used to invest in listed real estate securities and/or direct property in selected jurisdictions. Further information on Rockcastle and its activities is available at www.rockcastleglobalre.mu.
14-Nov-2013
(Official Notice)
Linked unitholders are advised that, at the annual general meeting of the company convened on Thursday, 14 November 2013 (in terms of the notice of annual general meeting contained in the company's integrated report issued on 30 September 2013), all of the resolutions tabled thereat were passed by the requisite majority of Fortress linked unitholders.
21-Oct-2013
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on Thursday, 15 August 2013, and are advised that all conditions to the implementation of this transaction have been met. With effect from 17 October 2013 Fortress holds an effective 25% interest in Arbour Crossing and The Galleria.
30-Sep-2013
(Official Notice)
Linked unitholders are advised that the company?s integrated report, incorporating the audited annual financial statements for the year ended 30 June 2013, was dispatched to linked unitholders on Monday, 30 September 2013, and contains no changes from the preliminary summarised audited consolidated financial statements which were published on SENS on Wednesday, 14 August 2013.



The integrated report contains a notice of annual general meeting for Fortress, which will be held at the company?s registered office, 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia on Thursday, 14 November 2013 at 14h00. The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Friday, 1 November 2013 and the record date for voting purposes is Friday, 8 November 2013. The integrated report is available on the company's website: www.fortressfund.co.za.
29-Aug-2013
(Official Notice)
Linked unitholders were advised that Stephanie Botha has resigned as company secretary and that Bernita Schaper has been appointed as company secretary with effect from 29 August 2013.
15-Aug-2013
(Official Notice)
14-Aug-2013
(C)
Rental revenue increased to R688 million (R569.9 million). Net attributable profit surged to R1.3 billion (R587.2 million). In addition, headline earnings per A linked unit jumped to 201.63cplu (141.82cplu).



Distribution

The board has approved and notice is hereby given of final cash interest distributions (distributions no 8) of 56.01 cents per A linked unit and 15.22 cents per B linked unit for the six months ended 30 June 2013.



Outlook

The board is confident that Fortress will achieve growth in distributions of approximately 10% for the 2014 financial year. The forecast assumes exchange rates of R12,00 and R9,00 to the Euro and US Dollar respectively. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress' auditors.



22-Jul-2013
(Official Notice)
Accordingly, linked unitholders were advised that Fortress anticipates that the distribution per "B" linked unit for the six months ended 30 June 2013 will be between 50% and 55% higher than for the six months ended 30 June 2012. The financial results announcement will be published on or about 14 August 2013.
03-Jul-2013
(Official Notice)
Unitholders are advised that Fortress? application for Real Estate Investment Trust (REIT) status has been approved by the JSE Limited. Fortress qualifies as a REIT with effect from the commencement of its current financial year, being 1 July 2013.
12-Jun-2013
(Official Notice)
Linked unitholders are referred to the announcement released on SENS on 14 May 2013 regarding the posting of a circular relating to the acquisition by a wholly owned subsidiary of Fortress of the letting enterprises conducted in respect of the properties known as Nelspruit Plaza, Rustenburg Plaza, Central Park Bloemfontein, New Redruth Village, Sterkspruit Plaza (82%) and Tzaneen Lifestyle Centre (25%) as well as a loan to a development partner from wholly owned subsidiary companies of Resilient Property Income Fund Limited (collectively, the transaction).



Linked unitholders are advised that at the general meeting of linked unitholders held on Wednesday, 12 June 2013 for purposes of approving the transaction, the resolutions necessary for the implementation of the transaction were passed by the requisite majority of linked unitholders. Linked unitholders are further advised that the Competition Authorities have today unconditionally approved the transaction. The only remaining outstanding condition is consent of the titleholder to transfer the leasehold rights in respect of Nelspruit Plaza, which is expected in due course.
14-May-2013
(Official Notice)
Linked unitholders were referred to the announcement released on SENS on 22 March 2013 relating to the conclusion of agreements between a wholly owned subsidiary of Fortress and wholly owned subsidiary companies of Resilient Property Inc5ome Fund Ltd. ("Resilient") for the acquisition of the letting enterprises conducted in respect of the properties known as Nelspruit Plaza, Rustenburg Plaza, Central Park Bloemfontein, New Redruth Village, Sterkspruit Plaza (82%) and Tzaneen Lifestyle Centre (25%) as well as a loan to a development partner (collectively, the "transaction").



Linked unitholders were advised that Fortress has today, Tuesday 14 May 2013, posted a circular containing a notice of general meeting relating to the transaction to linked unitholders.



The general meeting of Fortress linked unitholders will be held at the registered office of the company at 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia, 2191 at 14:00 on Wednesday, 12 June 2013, for the purpose of considering and, if deemed fit, passing with or without modification, the resolutions stated in the notice of general meeting to implement the transaction ("the general meeting").



The transaction remains subject to, inter alia, Fortress receiving approval from the Competition Authorities and the requisite linked unitholder approval at the general meeting referred to above.



The salient dates and times for the general meeting are set out below.

*Last day to trade in order to be eligible to vote at the general meeting -- Friday, 31 May 2013

*Record date in order to vote at the general meeting -- Friday, 7 June 2013

*Forms of proxy to be received by no later than 14:00 on Monday, 10 June 2013

*The general meeting of Fortress linked unitholders held at 14:00 on Wednesday, 12 June 2013

*Results of the general meeting released on SENS on Wednesday, 12 June 2013

*Results of the general meeting published in the press on Thursday, 13 June 2013
11-Apr-2013
(Official Notice)
Fortress has closed its book build, having raised R250 million. The Fortress linked units to be issued pursuant to the book build process have been priced at R14.75 per A linked unit and at R7.90 per B linked unit. The book was heavily oversubscribed at this level.
11-Apr-2013
(Official Notice)
Subject to pricing acceptable to Fortress, Fortress proposes an equity raise of approximately R200 million through the issue of new Fortress A and B linked units under its general authority to issue linked units for cash, as approved by unitholders at the annual general meeting held on 24 October 2012. The equity raise will be offered to selected investors through an accelerated book build process. The book build opens at 11h30 on 11 April 2013 and may close at any time thereafter. Given that the new linked units will be issued under Fortress? general authority, the accelerated bookbuild is only open to public unitholders as such term is defined in the JSE Listings Requirements.
22-Mar-2013
(Official Notice)
13-Feb-2013
(C)
Rental revenue increased to R359.1 million (December 2011: R274.5 million) in 2012. Profit attributable to equity holders grew to R203.9 million (December 2011: R50.8 million). Headline earnings per A linked unit rose to 101.75cplu (December 2011: 61.34cplu), and headline earnings per B linked units was up at 59.20cplu (December 2011: 17.31cplu).



Distribution per linked units

The board has approved and notice is hereby given of interim cash interest distributions of 56.01 cents per A linked unit and 13.46 cents per B linked unit for the six months ended 31 December 2011.



Prospects

The board remains confident that Fortress will achieve growth in distributions of approximately 10% for the 2013 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress' auditors.
29-Jan-2013
(Official Notice)
In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported on next will differ by at least 15% from the distribution for the previous corresponding period.



Accordingly, linked unitholders are advised that Fortress anticipates that the distribution per B linked unit for the six months ended 31 December 2012 will be between 42% and 46% higher than for the six months ended 31 December 2011. The financial results on which this trading statement is based have not been reviewed or reported on by Fortress' auditors. The financial results announcement will be published on or about 13 February 2013.
16-Nov-2012
(Official Notice)
24-Oct-2012
(Official Notice)
At the annual general meeting of unitholders of Fortress held on Wednesday, 24 October 2012 (in terms of the notice of annual general meeting contained in the Fortress integrated report), all of the resolutions as proposed at the meeting were passed by the requisite majority of Fortress unitholders.
21-Sep-2012
(Official Notice)
Linked unitholders are advised that the company's integrated report, incorporating the audited financial statements for the year ended 30 June 2012, was dispatched on Friday, 21 September 2012, and contains no changes from the audited results which were published on SENS on 15 August 2012.



The integrated report contains a notice of annual general meeting for Fortress, which will be held at the company's registered office, 3rd Floor, Rivonia Village, Rivonia Boulevard, and Rivonia on Wednesday, 24 October 2012 at 14h00.
15-Aug-2012
(C)
Rental revenue increased to R569.9 million (R465.9 million). Net attributable profit surged to R587.2 million (R282.9 million). In addition, headline earnings per A linked unit jumped to 141.82c (113.41cplu).



Distribution

The board has approved and notice was given of the final cash interest distributions (distributions no 6) of 53.34c per A linked unit and 9.95c per B linked unit for the six months ended 30 June 2012. These interest distributions are not subject to dividend with-holding tax.



Outlook

The board is confident that Fortress will achieve growth in distributions of approximately 10% for the 2013 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals.
31-Jul-2012
(Official Notice)
Linked unitholders were advised that Fortress anticipates that the distribution per ''B'' linked unit for the six months ended 30 June 2012 will be between 47% and 52% higher than for the six months ended 30 June 2011. The financial results on which this trading statement is based have not been reviewed or reported on by Fortress' auditors. The financial results announcement will be published on or about 15 August 2012.
14-Mar-2012
(Official Notice)
Linked unitholders are advised that Mr Jannie Moolman has resigned from the board and that Mr Chris Lister-James has been appointed as an independent non- executive director. These changes are effective from 14 March 2012.
15-Feb-2012
(C)
Rental revenue increased to R274.5 million (December 2010: R213 million) in 2011. Profit attributable to equity holders grew to R50.8 million (December 2010: R23.7 million). Headline earnings per A linked unit rose to 61.34cplu (December 2010: 55.62cplu), and headline earnings per B linked units was up at 17.31cplu (December 2010: 10.86cplu).



Distribution per linked units

The board has approved and notice is hereby given of interim cash interest distributions of 53.34 cents per A linked unit and 9.31 cents per B linked unit for the six months ended 31 December 2011.



Prospects

The board anticipates growth in total distributions of approximately 10% for the full financial year to 30 June 2012. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress' auditors.
31-Jan-2012
(Official Notice)
Accordingly, unitholders are advised that Fortress anticipates that the distribution per Fortress B linked unit for the six months ended 31 December 2011 will be between 50% and 55% higher than for the six months ended 31 December 2010. The interim financial results announcement will be published on or about 15 February 2012.
22-Nov-2011
(Official Notice)
Unitholders were advised that Fortress has disposed of an aggregate of 14 870 480 linked units in Vukile on market on the JSE between 14 October 2011 and 18 November 2011 for an aggregate cash consideration of R215 171 709 ("the Vukile disposal"). The Vukile disposal is not subject to any outstanding conditions precedent. Following the Vukile disposal, Fortress will hold 10 629 520 Vukile linked units which equates to 3% of Vukile's current issued linked unit capital. The cash proceeds from the Vukile disposal will be used by Fortress to reduce interest-bearing borrowings in the short term.



Rationale for the Vukile disposal

Fortress realised a portion of its holding in Vukile to take advantage of other investment opportunities.



Categorisation

The Vukile disposal constitutes a Category 2 transaction in terms of the Listings Requirements of the JSE Ltd and is accordingly not subject to approval by Fortress` linked unitholders.
03-Nov-2011
(Official Notice)
At the annual general meeting of unitholders of Fortress held on Wednesday, 3 November 2011(in terms of the notice of annual general meeting contained in the Fortress integrated report), all of the resolutions as proposed at the meeting were passed by the requisite majority of Fortress unitholders.
29-Sep-2011
(Official Notice)
Linked unitholders are advised that the company's integrated report, incorporating the group audited financial statements for the year ended 30 June 2011, was dispatched today and contains no changes from the audited results which were published on SENS on 17 August 2011. The integrated report contains a notice of the annual general meeting for the company, which will be held at the registered address, being 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia, 2191, Gauteng at 14h00 on Thursday, 3 November 2011.
14-Sep-2011
(Official Notice)
Unitholders of Capital Property Fund ("Capital") and linked unitholders of Fortress were referred to the announcements released by Capital and Fortress on SENS on 30 August 2011 detailing the disposal by Capital of a portfolio of retail properties to Fortress (the "transaction"). Unitholders of Capital and linked unitholders of Fortress are advised that the transaction has been approved by the competition authorities and accordingly is now unconditional.
30-Aug-2011
(Official Notice)
Linked unitholders were advised that Fortress has concluded an agreement with Capital Property Fund ("Capital") for the acquisition of a portfolio of retail properties ("the property portfolio") from Capital (the "transaction").



Rationale for the transaction

Capital is disposing of the property portfolio as part of its strategy to reduce its retail holdings. From a Fortress perspective the property portfolio represents an attractive opportunity to increase its retail holdings with a portfolio of good quality retail properties, providing steady income flow and enhancing the underpin of Fortress' distribution commitments.



Terms of the transaction, use of proceeds and conditions precedent

The effective date of the transaction is 1 December 2011. The purchase consideration payable by Fortress to Capital pursuant to the transaction is R704 million which will be settled by the issue of 51 014 493 Fortress A linked units and 51 014 493 Fortress B linked units. The transaction is subject to approval by the Competition authorities.



Financial information

Before - after the transaction:

* Basic earnings per A share: 62.62 - 64.79

* Basic earnings per B share: 62.62 - 64.79

* Basic earnings per B linked unit: 75.30 - 80.39

* Headline earnings per A share: 11.81 - 9.64

* Headline earnings per B share: 11.81 - 9.64

* Distribution per B linked unit: 12.67 - 15.59

* Net asset value and net tangible asset value per B linked unit: 142.00 - 164.00

* Weighted average number of A and B shares/linked units in issue: 225 875 000 - 276 889 493

* Actual number of A and B linked units in issue: 231 000 000 - 282 014 493.
25-Aug-2011
(Official Notice)
Linked unitholders are advised that executive director Nick Hanekom has resigned from the board of directors of Fortress, effective from today.
17-Aug-2011
(C)
Rental revenue was recorded at R466 million, while profit attributable to equity holders was at R283 million for the twelve months to June 2011. Headline earnings per A linked unit was recorded at 113.41cplu, and headline earnings per B linked unit at 24.50 cplu.



Distributions

The board has approved and notice is hereby given of final cash interest distributions (distributions no 4) of 50.80 cents per A linked unit and 6.63 cents per B linked unit for the six months ended 30 June 2011.



Prospects

Although Fortress is operating in a challenging property market, considerable progress has been made in enhancing the quality of the portfolio through acquisitions, disposals and redevelopments. Further value will be extracted from the recent acquisitions. The board is confident that Fortress will achieve growth in distributions of approximately 10% for the 2012 financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by Fortress' auditors.
20-May-2011
(Official Notice)
Linked unitholders are advised that:

*Des de Beer has resigned from the board of Fortress;

*Nick Hanekom has stepped down as financial director, but remains on the board as an executive director; and

*Wiko Serfontein has been appointed to the board as financial director, all with effect from 20 May 2011.

21-Apr-2011
(Official Notice)
Linked unitholders were advised that Amber Peek Investments (Pty) Ltd (the "BEE company") has acquired 37 million "A" linked units ("FFA units") and 10.25 million "B" linked units ("FFB units")in Fortress, comprising 16% of FFA units and 4.4% of FFB units in issue. The BEE company is effectively 100% black-owned, including the 48% shareholding held by The Siyakha Education Trust ("Siyakha"), a trust established exclusively for the benefit of black education in South Africa. Siyakha recently acquired the 18% interest in the BEE company previously held by RCG Trade and Finance (Pty) Ltd. The BEE company acquired the FFA and FFB units for an aggregate price of R428.3 million, funded with bank debt in an amount of R200 million and a loan from Fortress in an amount of R228.3 million. The Fortress loan is in accordance with the authority granted by Fortress unitholders by special resolution approved at the annual general meeting of Fortress on 27 October 2010.
01-Apr-2011
(Official Notice)
Linked unitholders are advised that Fortress has completed a general issue of units for cash in terms of the general authority granted by members at the general meeting held on 27 October 2010("issue for cash"). In total 10 250 000 Fortress A linked units and 10 250 000 Fortress B linked units were placed with independent public unitholders on Wednesday 30 March 2011 ("issue for cash units"). The issue for cash units were issued at an issue price of R10.80 per A linked unit (equal to a 2.4% discount to the weighted average traded price for the 30 business days prior to 24 March 2011, the date that the price of the issues was agreed between the issuer and the parties subscribing for the linked units) and an issue price of R2.80 per B linked unit (equal to a 2.3% premium to the weighted average traded price for the 30 business days prior to 24 March 2011, the date that the price of the issues was agreed between the issuer and the parties subscribing for the linked units).

23-Feb-2011
(C)
Rental revenue reported for the period soared to R213 million (December 2009 (three months): R96 million) in 2010. Profit before net finance costs increased to R192 million (December 2009 (three months): R104 million). Profit attributable to equity holders amounted to R23.7 million (December 2009 (three months): R37.4 million). Headline earnings per A linked unit rose to 55.62cplu (December 2009 (three months): 28.96cplu), and headline earnings per B linked units was up at 10.86cplu (December 2009 (three months): 7.13cplu).



Distribution per linked units

Fortress achieved total distributions for the six months ended 31 December 2010 of 56.84 cents for the A and B units combined. Of this amount, 50.80 cents is payable to A unitholders and 6.04 cents to B unitholders.



Prospects

The board remains confident that Fortress will achieve growth in distributions of approximately 7% for the full financial year. The growth is based on the assumptions that a stable macro-economic environment will prevail, no major corporate failures will occur and that tenants will be able to absorb the recovery of rising utility costs. Budgeted rental income was based on contractual escalations and market related renewals. This forecast has not been reviewed or reported on by Fortress' auditors.
18-Feb-2011
(Official Notice)
Linked unitholders were advised that Fortress anticipates that the distribution per "B" linked unit for the six months ended 31 December 2010 (the "current period") will be between 150% and 159% higher than for the previous comparable period (the "previous period"). This is as a result of the current period being in respect of a full six month period whilst the previous period was in respect of the three months ended 31 December 2009 as Fortress listed on the JSE in October 2009.



If the distribution per "B" linked unit for the three months ended 31 December 2009 was extrapolated to reflect a six month period for comparative purposes (the "extrapolated distribution") then the distribution per "B" linked unit for the current period is anticipated to be between 25% and 30% higher than the extrapolated distribution. The interim financial results announcement will be published on or about Wednesday, 23 February 2011.
27-Oct-2010
(Official Notice)
At the annual general meeting of unitholders of Fortress held on Wednesday, 27 October 2010 (in terms of the notice of annual general meeting contained in the Fortress annual report), all of the resolutions as proposed at the meeting were passed by the requisite majority of Fortress unitholders.
30 Sep 2010 11:09:27
(Official Notice)
Unitholders are advised that the company's annual report, incorporating the group audited financial statements for the nine months ended 30 June 2010, was dispatched today and contains no changes from the audited results which were published on SENS on 25 August 2010. The annual report contains a notice of annual general meeting for the company, which will be held at the registered address, being 3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia, 2191, Gauteng at 14h00 on Wednesday, 27 October 2010.

29 Sep 2010 17:29:01
(Official Notice)
Linked unitholders are advised that Fortress has completed a general issue of units for cash in terms of the general authority granted by members at a general meeting held on 2 October 2009 ("issue for cash"). In total 11 817 123 Fortress A linked units and 11 817 123 Fortress B linked units were placed with independent public unitholders on 28 September 2010 ("issue for cash units"). The issue for cash units were issued at an issue price of R10.40 per A linked unit (equal to a 6.59% discount to the weighted average traded price for the 30 business days prior to 16 September 2010, the date that the price of the issues was agreed between the issuer and the parties subscribing for the linked units) and an issue price of R2.30 per B linked unit (equal to a 3.31% discount to the weighted average traded price for the 30 business days prior to 16 September 2010, the date that the price of the issues was agreed between the issuer and the parties subscribing for the linked units).

25 Aug 2010 16:35:21
(C)
Rental revenue was recorded at R289.4 million, while profit attributable to equity holders was at R132.8 million for the nine months to June 2010. Headline earnings per A linked unit was recorded at 76.09 cplu, and headline earnings per B linked unit at 12.33 cplu.



Distributions

The board has approved and notice is hereby given of final interest distributions of 48.38 cents per A linked unit and 4.79 cents per B linked unit for the six months ended 30 June 2010.



Prospects

Although Fortress is operating in a challenging property market, considerable progress has been made in enhancing the quality of the portfolio through acquisitions, disposals and redevelopments. Management is confident that considerable value will be extracted from the recent acquisitions. A number of further opportunities are being explored. The board is of the opinion that the Fund will achieve annualised growth in distributable income of approximately 7%. This forecast has not been reviewed or reported on by the Fund's auditors.
30 Jul 2010 17:16:31
(Official Notice)
Linked unitholders were referred to the announcement released on SENS on 7 April 2010 detailing the acquisition by Fortress of a portfolio of properties from various companies within the Murray - Roberts group. Linked unitholders were advised that all conditions precedent to the acquisition have been fulfilled, save for the condition to the Bellstar transaction requiring consent of the South African Rail Commuter Corporation Ltd, for which the date for fulfilment has, by agreement, been extended to 30 September 2010.
08 Apr 2010 10:23:12
(Official Notice)
Linked unitholders were referred to the acquisition of a property portfolio announcement released on SENS on 7 April 2010 and were advised that caution was no longer required to be exercised when dealing in their Fortress securities.
07 Apr 2010 17:55:19
(Official Notice)
22 Feb 2010 09:58:06
(Official Notice)
Linked unitholders were advised that the company had entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, linked unitholders were advised to exercise caution when dealing in their Fortress securities, until a further announcement was made.
18-Feb-2010
(C)
Revenue reported for the period R96.0 million in 2009. Profit before net finance costs R104.0 million. Profit attributable to ordinary shareholders to R37.3 million. Headline earnings on a per share basis reported a 28.96 cplu.



Distribution per linked units

The distribution per linked unit for the three months ended 31 December 2009 was 24.19cplu and 2.36cplu for the A and B units respectively.



Prospects

In the three months since listing the property portfolio has performed within budget despite an increase in vacancies to 4.2%. Management has focused on tenant retention and letting vacant space and this will continue to be a focus area. No significant increase in vacancies is anticipated for the remainder of the financial period. The board is confident that Fortress will achieve its forecast distribution of 72.56 cplu per A unit and 6.75 cplu per B unit for the 9 month period to June 2010.
22 Oct 2009 17:43:01
(Official Notice)
Unitholders are advised that Fortress has concluded an agreement for the acquisition of a property letting business known as Shoprite Mayville in Pretoria.



With effect from 1 October 2009, Fortress has purchased a property letting business comprising Portion 5 of Erf 16 Mayville Township, Erf 266 Parktown Estate, Portion 3 of Erf 268 Parktown Estate, Portion 5 (a portion of portion 1) of Erf 268 Parktown Estate and Erf 271 Parktown Estate all of which are located in the Gauteng Province. The purchase price payable for the business is an amount of R196 000 000, payable as R98 000 000 by the issuing of 9 800 000 "A" linked units at R9.00 per "A" linked unit and 9 800 000 "B" linked units at R1.00 per "B" linked unit. The balance is payable in cash. The acquisition agreement contains warranties normal for acquisitions of this nature. The transaction is not subject to any conditions precedent.



Shoprite Mayville, based on a valuation performed by Peter Parfitt of Quadrant properties (Pty) Ltd as at 1 October 2009, is valued at R196 million.
07-Oct-2016
(X)
Fortress is an internally asset managed REIT with a capital structure consisting of separately listed A and B ordinary shares. Listed as a hybrid fund in 2009, Fortress has holdings of direct property investments and listed real estate securities. These securities comprise both local listed REITs and offshore-based listed property companies. The direct property portfolio of 97 investment properties has the following sectoral split: 88.8% retail, 9.3% industrial, 1.4% residential and 0.5% office, based on property value.


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