FORTRESS REIT LIMITED - FORI - Notification of an update to the ZAR 20 000 000 000 Domestic Medium Term Note Programme (the "Programme")

FORI - Notification of an update to the ZAR 20 000 000 000 Domestic Medium Term Note Programme (the "Programme")

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration no. 2009/016487/06)
Company code: FORI
(Approved as a REIT by the JSE)
(“Fortress”)

NOTIFICATION OF AN UPDATE TO THE ZAR 20 000 000 000 DOMESTIC MEDIUM TERM NOTE
PROGRAMME (the “Programme”)

Fortress has received approval from the JSE in terms of its amended and restated ZAR 20 000 000 000
Domestic Medium Term Note Programme Memorandum (the “Programme Memorandum”). A  summary of the changes
effected is provided below:

•   Amendment to the terms and conditions to cater for amendments to the JSE Debt Listings
    Requirements (the “Requirements”), which includes but is not limited to, amendments to cater
    for the Part 1A of 2018 amendments to the Requirements and for paragraphs 7.26 and 7.27 of the
    Requirements;
•   Amendments to reflect the changes to the guarantors as a result of the statutory merger
    concluded between two of the guarantors under the Programme, announced on 7 November
    2018;
•   Amendments to cater for changes to Strate Proprietary Limited’s Rules;
•   Amendments to the pro forma applicable pricing supplement to cater for amendments to the
    Requirements;
•   The removal and insertion of definitions to give effect to the amendments;
•   The inclusion of a new clause 11.6 in the terms and conditions, to allow for a redemption in the
    event of a failure to maintain a JSE listing and rating and related amendments thereto;
•   The Description of Fortress REIT Limited section has been updated;
•   The Subscription and Sale section has been updated to reflect the selling restrictions applicable as
    at the date of the Programme;
•   The South African Taxation section has been updated to reflect the legislation applicable as at the
    date of the Programme; and
•   Other technical changes.

The updated Programme Memorandum is available for inspection at the registered office of Fortress
and has been made available for inspection on its website at https://fortressfund.co.za/dmtn-programme.

The updated Programme Memorandum will also be available for inspection on the JSE’s website at
www.jse.co.za.


14 January 2019

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

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