FORTRESS REAL ESTATE INVESTMENTS LIMITED - FIFG02 - Notice to the FIFG02 Noteholders in Respect of a Margin Adjustment Event

FIFG02 - Notice to the FIFG02 Noteholders in Respect of a Margin Adjustment Event

Fortress Real Estate Investments Limited
(Incorporated in the Republic of South Africa)
(Registration no. 2009/016487/06)
("Fortress" or the "Issuer")
Company code: FORI
LEI: 378900FE98E30F24D975
Bond code: FIFG02 ISIN: ZAG000178500


NOTICE TO THE FIFG02 NOTEHOLDERS IN RESPECT OF A MARGIN ADJUSTMENT EVENT

This notice is delivered by the Issuer to each holder (the "Noteholders") of the FIFG02 notes (the
"Notes") issued under the Fortress R20 000 000 000 Domestic Medium Term Note Programme (the
"Programme"), in accordance with condition 19 of the Programme, in respect of a Margin Adjustment
Event, pursuant to paragraph 2.3 of the FIFG02 applicable pricing supplement dated 30 July 2021 (the
"pricing supplement").

Unless otherwise defined, words and expressions used in this notice will bear the same meanings as
in the Programme, read with the pricing supplement for the Notes.

Noteholders are advised that a Margin Adjustment Event has occurred and, as confirmed by the KPI
Auditor (ERM South Africa) in the Sustainability Certificate dated 2 August 2024, the KPI Condition has
been achieved at 30 June 2024 by the Issuer. The Sustainability Certificate has been included as an
annexure to the notice that will be disseminated by the CSD.

The new margin that will be applicable to the Notes is detailed below:

 Notes                        Margin                            Margin Adjustment Date
 FIFG02                       225 basis points                  5 August 2024

In respect of the Notes, the margin stated above will be applicable for the interest period commencing
on the Margin Adjustment Date.

This notice is also being delivered to the CSD, for dissemination by them to the Participants and
Noteholders, in accordance with condition 19 of the Programme.


5 August 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 05-08-2024 12:50:00
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