FORTRESS REIT LIMITED - FORI - Voluntary Announcement to Noteholders: Statutory Merger Between Fortress Income 2 And Capital Propfund

FORI - Voluntary Announcement to Noteholders: Statutory Merger Between Fortress Income 2 And Capital Propfund

Fortress REIT Limited
(previously Fortress Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORI
(Approved as a REIT by the JSE)
(“Fortress” or the “Issuer”)

VOLUNTARY ANNOUNCEMENT TO NOTEHOLDERS: STATUTORY MERGER BETWEEN FORTRESS INCOME 2 PROPRIETARY LIMITED
AND CAPITAL PROPFUND PROPRIETARY LIMITED (“GUARANTORS”)

Noteholders under the Issuer’s ZAR20 000 000 000 Domestic Medium Term Note Programme (the “Programme")
are hereby advised of the statutory merger (the “Merger”), being concluded in terms of section 113 of 
the Companies Act, 2008 (the “Companies Act”), between two subsidiaries of the Fortress group, namely
Fortress Income 2 Proprietary Limited (“Fortress 2”) and Capital Propfund Proprietary Limited (“CPF”), 
with an effective date of 25 November 2018. Both Fortress 2 and CPF are either directly or indirectly 
wholly-owned subsidiaries of the Issuer.

Fortress 2 and CPF are guarantors under the Programme. The Merger will result in all the assets and
liabilities, rights and obligations of Fortress 2 (the “Target Company”), including the obligations under
the existing guarantee provided by Fortress 2 to noteholders under the Programme, being transferred
to CPF (the “Acquiring Company”) by operation of law, in terms of section 113 of the Companies Act.


7 November 2018

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

Date: 07/11/2018 03:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.