FORTRESS REIT LIMITED - FORI - Financial Covenants Notification

FORI - Financial Covenants Notification

Fortress REIT 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”)

FINANCIAL COVENANTS NOTIFICATION

Noteholders are advised of the following financial covenant report.

The Issuer’s financial covenant requirement, applicable to the listed notes, is as follows:

    •   Loan to Value Ratio (“LTV ratio”) does not exceed 50% for the Fortress Group.

The Issuer confirms that the financial covenant was tested at 31 December 2019 and does not exceed
50%.


26 February 2020

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 26-02-2020 02:15:00
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