FORTRESS INCOME FUND LIMITED - Update in respect of salient dates for transactions

Update in respect of salient dates for transactions

FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes: FFA    ISIN: ZAE000141313
                 FFB    ISIN: ZAE000141321
(Approved as a REIT by the JSE)
(“Fortress” or “the company”)


UPDATE IN RESPECT OF SALIENT DATES FOR TRANSACTIONS


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.

25 March 2015


Corporate advisor, legal advisor and sponsor
Java Capital

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