FORTRESS REIT LIMITED - FIFG02 - Notification of an Amendment to the Issuers FIFG02 Applicable Pricing Supplement

FIFG02 - Notification of an Amendment to the Issuer’s FIFG02 Applicable Pricing Supplement

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORI
LEI: 378900FE98E30F24D975
(Approved as a REIT by the JSE)
(the “Issuer”)
Bond code: FIFG02
ISIN: ZAG000178500


NOTIFICATION OF AN AMENDMENT TO THE ISSUER’S FIFG02 APPLICABLE PRICING SUPPLEMENT

Pursuant to paragraph 6.56(a) of the JSE Limited Debt Listings Requirements, noteholders are hereby
advised that the applicable pricing supplement issued in relation to the FIFG02 notes has been
amended (“Amended FIFG02 APS”) to correct the manifest error as detailed below:

    -   The replacement of the word “of” with the word “to” in paragraph 1.4 of Appendix 3
        (Additional Terms and Conditions relating to the FIFG02 Notes - Step-Up Margin in the event
        of a breach of Asset Cover Financial Covenant) to the Amended FIFG02 APS. The new
        paragraph will read as follows:

        “With effect from the immediately following Interest Period (provided the relevant Ratchet
        Event still subsists as at the first day of such Interest Period), the Margin to be added to the
        Reference Rate shall be increased by the number of basis points equal to 1% (one percent) to
        such Margin as set out in Item 35 of this Applicable Pricing Supplement (the Step-up Margin).”

The Amended FIFG02 APS will be available for inspection at the registered office of the Issuer and on
the Issuer’s website at https://fortressfund.co.za/dmtn-programme.

The Amended FIFG02 APS will also be available for inspection on the JSE’s website at www.jse.co.za.

24 March 2022

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

Date: 24-03-2022 11:44:00
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