FORTRESS REAL ESTATE INVESTMENTS LIMITED - Changes to the board of directors and board committees

Changes to the board of directors and board committees

FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Formerly Fortress REIT Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:    FFA ISIN: ZAE000248498
                    FFB ISIN: ZAE000248506
Bond company code:  FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")


CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES


Shareholders and noteholders are advised that, in order to fill vacancies on the board of directors ("Board") and certain
of its committees, Mr Caswell Rampheri has been appointed as an independent non-executive director, as a member of
the property and investment committee, as well as a member of the social, ethics and sustainability committee of the
Company, and Mr Eddy Oblowitz has been appointed as the chairperson of the remuneration committee, both with
effect from 29 June 2023.

Caswell holds a BA LLB, as well as a Higher Diploma in Tax, certificates in Shopping Centre Management, Finance
and Accounting and Estate Agency, and is a graduate of the Standard Bank Wings Leadership Programme. His past
experience includes, a commercial property consultant with the Investec Property Group, a project executive and centre
manager with Old Mutual Properties, deputy general manager within the Peermont Group, head asset manager and
strategy director at Pareto Limited, together with various senior management roles within Liberty Properties. In
addition, he is a past director of the Joburg Property Company, past president of the South African Institute of Black
Property Practitioners and a previous committee member of the South African Property Owners Association. Caswell
currently serves as a non-executive director of Delta Property Fund Limited, as well as chief executive officer of the
Buna Group, a pan-African real estate and infrastructure development, investment and debt/equity raising and advisory
company, which he founded in 2009.

Fortress confirms that Caswell's appointment has been made in accordance with the Company's policy dealing with the
nomination of directors.

The Board welcomes Caswell to the position and looks forward to his contribution to the Company.

30 June 2023


Lead sponsor              Joint sponsor                                       Debt Sponsor
Java Capital              Nedbank Corporate and Investment Banking,           Rand Merchant Bank
                          (a division of Nedbank Limited)                     (a division of First Rand Bank Limited)

Date: 30-06-2023 11:10:00
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