FORTRESS INCOME FUND LIMITED - Dealings in securities by a director and by an associate of a director of Fortress

Dealings in securities by a director and by an associate of a director of Fortress

FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes: FFA ISIN: ZAE000192787
                 FFB ISIN: ZAE000192795
(Approved as a REIT by the JSE)
(“Fortress”)


DEALINGS IN SECURITIES BY A DIRECTOR AND BY AN ASSOCIATE OF A DIRECTOR OF FORTRESS


Shareholders are advised that on 22 February 2017, PSP Com Steven Brown, which indirectly held shares on behalf of
Steven Brown, an alternate director of Fortress, transferred 2 550 Fortress A ordinary shares at a price of R17.50 per
share for a total value of R44 625.00 and 8 550 Fortress B ordinary shares at a price of R35.35 per share for a total
value of R302 242.50 (collectively “the Fortress A and B ordinary shares”) to Steven Brown, who now has a direct
beneficial interest in the Fortress A and B ordinary shares. These transactions were conducted off-market and
clearance to deal was obtained.

Shareholders are further advised of the following information relating to the dealings in securities by a director of
Fortress:

Name of director:                                   Steven Brown
Transaction date:                                   22 February 2017
Class of securities:                                Fortress B ordinary shares
Number of securities:                               250 000
Nature of transaction:                              Off-market zero cost collar hedge over 250 000 Fortress B
                                                    ordinary shares with a put strike price of R34.89 and a call strike
                                                    price of R47.00 and with an expiry date of 22 February 2019
Nature and extent of director’s interest:           Direct beneficial
Clearance to deal received:                         Yes

24 February 2017


Sponsor
Java Capital

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