FORTRESS REAL ESTATE INVESTMENTS LIMITED - FIFB21 FIFB22 - Listing of new financial instruments

FIFB21 FIFB22 - Listing of new financial instruments

Fortress Real Estate Investments Limited
(Formerly Fortress REIT Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Company code: FORI
Bond Code: FIFB21 ISIN: ZAG000196080
Bond Code: FIFB22 ISIN: ZAG000196098
(“Fortress”)

LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted Fortress the listings of its Senior Unsecured Floating Rate Notes, in terms of its
Domestic Medium Term Note Programme (the “Programme”) dated 10 January 2019, as guaranteed by Capital
Propfund Proprietary Limited and Fortress Income 3 Proprietary Limited, effective 9 June 2023.

Type of Debt Securities:                    Floating Rate Notes

Debt Security Code:                         FIFB21
ISIN:                                       ZAG000196080
Nominal Issued:                             ZAR 380 000 000.00
Coupon Rate:                                3 Month JIBAR plus 165 basis points
Maturity Date:                              9 June 2026

Debt Security Code:                         FIFB22
ISIN:                                       ZAG000196098
Nominal Issued:                             ZAR 420 000 000.00
Coupon Rate:                                3 Month JIBAR plus 190 basis points
Maturity Date:                              9 June 2028

Issue Date:                                 9 June 2023
Issue Price:                                100%
Interest Commencement Date:                 9 June 2023
Interest Determination Date(s):             9 September, 9 December, 9 March and 9 June (or the first
                                            Business Day of each Interest Period) in each year until the
                                            Maturity Date, with the first Interest Rate Determination Date
                                            being 6 June 2023
First Interest Payment Date:                9 September 2023
Interest Payment Date(s):                   9 September, 9 December, 9 March and 9 June in each year until
                                            the Maturity Date
Last Day to Register:                       By 17h00 on 29 August, 28 November, 26 February and 29 May in
                                            each year until the Maturity Date
Books Close:                                30 August, 29 November, 27 February and 30 May in each year
                                            until the Maturity Date
Business Day Convention:                    Following Business Day
Final Maturity Amount:                      100% of the Aggregate Nominal Amount
Other:                                      The pricing supplements contain additional terms and conditions
                                            to the terms and conditions as contained in the Programme
Summary of Additional Terms:                Please refer to the Redemption in the event of a breach of Loan to
                                            Value Financial Covenant provisions as per line item 55 and
                                            Appendix 1 of the pricing supplements
Programme Amount:                           ZAR 20 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 7 910 000 000.00, exclusive of this issuance of notes and as at
                                            the signature date of the FIFB21 and the FIFB22 pricing
                                            supplements
Dealer:                                     The Standard Bank of South Africa Limited, acting through its
                                            Corporate and Investment Banking division



8 June 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08-06-2023 09:58:00
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