FORTRESS REIT LIMITED - FIFB20 - Listing of New Financial Instrument

FIFB20 - Listing of New Financial Instrument

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Company code: FORI
(Approved as a REIT by the JSE)
Bond Code: FIFB20
ISIN: ZAG000192188
(“Fortress”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of its Senior Unsecured Floating Rate Notes, in terms of its
Domestic Medium Term Note Programme (the “Programme”) dated 10 January 2019, as guaranteed by Capital
Propfund Proprietary Limited and Fortress Income 3 Proprietary Limited, effective 21 November 2022.

Debt Security Code:                         FIFB20
ISIN:                                       ZAG000192188
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 500 000 000.00
Issue Date:                                 21 November 2022
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 180 basis points
Interest Commencement Date:                 21 November 2022
Interest Determination Date(s):             21 February, 21 May, 21 August and 21 November (or the first
                                            Business Day of each Interest Period) in each year until the
                                            Maturity Date, with the first Interest Rate Determination Date
                                            being 21 November 2022
First Interest Payment Date:                21 February 2023
Interest Payment Date(s):                   21 February, 21 May, 21 August and 21 November in each year
                                            until the Maturity Date
Last Day to Register:                       By 17h00 on 10 February, 10 May, 10 August and 10 November in
                                            each year until the Maturity Date
Books Close:                                11 February, 11 May, 11 August and 11 November in each year
                                            until the Maturity Date
Business Day Convention:                    Following Business Day
Maturity Date:                              21 November 2027
Final Maturity Amount:                      100% of the Aggregate Nominal Amount
Other:                                      The pricing supplement contains additional terms and conditions
                                            to the terms and conditions as contained in the Programme
Summary of Additional Terms:                Please refer to the Redemption in the event of a breach of Loan to
                                            Value Financial Covenant provisions as per line item 55 and
                                            Appendix 1 of the pricing supplement
Programme Amount:                           ZAR 20 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 3 760 000 000.00, exclusive of this issuance of notes and as at
                                            the signature date of the pricing supplement
Dealer:                                     Absa Bank Limited, acting through its Corporate and Investment
                                            Banking division
18 November 2022

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

Date: 18-11-2022 02:50:00
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