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FORTRESS REAL ESTATE INVESTMENTS LIMITED - Dealings in securities by directors and the company secretary

Release Date: 08/10/2024 14:30
Wrap Text
Dealings in securities by directors and the company secretary

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


DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY


Shareholders and noteholders are referred to the announcement released on SENS on 2 November 2021 relating
to the acceptance of extraordinary awards and cycle awards, all awarded in terms of the Fortress Conditional
Share Plan (the "CSP"), and are advised of the following information relating to dealings in securities by directors
and the company secretary of Fortress resulting from the settlement of the extraordinary and cycle awards:

Settlement of the 2021 extraordinary awards made under the CSP

Name of director:                                   Steven Brown
Transaction date:                                   7 October 2024
Class of securities:                                Fortress B ordinary shares
Number of securities:                               1 519 803
Deemed price per security:                          R20.22
Total value:                                        R30 730 416.66
Nature of transaction:                              Off-market settlement of shares pursuant to extraordinary
                                                    awards made under the CSP
Nature and extent of director's interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of director:                                   Vuso Majija
Transaction date:                                   7 October 2024
Class of securities:                                Fortress B ordinary shares
Number of securities:                               1 092 358
Deemed price per security:                          R20.22
Total value:                                        R22 087 478.76
Nature of transaction:                              Off-market settlement of shares pursuant to extraordinary
                                                    awards made under the CSP
Nature and extent of director's interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of director:                                   Ian Vorster
Transaction date:                                   7 October 2024
Class of securities:                                Fortress B ordinary shares
Number of securities:                               1 187 347
Deemed price per security:                          R20.22
Total value:                                        R24 008 156.34
Nature of transaction:                              Off-market settlement of shares pursuant to extraordinary
                                                    awards made under the CSP
Nature and extent of director's interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of company secretary:                          Tamlyn Stevens
Transaction date:                                   7 October 2024
Class of securities:                                Fortress B ordinary shares
Number of securities:                               346 944
Deemed price per security:                          R20.22
Total value:                                        R7 015 207.68
Nature of transaction:                              Off-market settlement of shares pursuant to extraordinary
                                                    awards made under the CSP
Nature and extent of company secretary's interest:  Direct beneficial
Clearance to deal received:                         Yes

Settlement of the 2021 cycle award made under the CSP

Name of company secretary:                          Tamlyn Stevens
Transaction date:                                   7 October 2024
Class of securities:                                Fortress B ordinary shares
Number of securities:                               352 988
Deemed price per security:                          R20.22
Total value:                                        R7 137 417.36
Nature of transaction:                              Off-market settlement of shares pursuant to cycle awards made
                                                    under the CSP
Nature and extent of company secretary's interest:  Direct beneficial
Clearance to deal received:                         Yes

8 October 2024


Lead equity sponsor                                 Debt sponsor and joint equity sponsor                                
Java Capital                                        Nedbank Corporate and Investment Banking,     
                                                    (a division of Nedbank Limited)             

Date: 08-10-2024 02:30:00
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