FORTRESS INCOME FUND LIMITED - Issue of shares to the Siyakha Education Trust

Issue of shares to the Siyakha Education Trust

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” or “the company”)


ISSUE OF SHARES TO THE SIYAKHA EDUCATION TRUST


Shareholders are advised that, pursuant to the general authority to issue shares for Black Economic Empowerment purposes granted
by shareholders to the company at the annual general meeting held on 5 November 2015 (the “AGM”), Fortress will issue
23 300 000 Fortress A shares at an issue price of 1 650 cents per Fortress A share and 23 300 000 Fortress B shares at an issue price
of 3 850 cents per Fortress B share to The Siyakha Education Trust (“the Trust”) on Wednesday, 2 December 2015.

In order to enable it to subscribe for the 23 300 000 Fortress A shares and 23 300 000 Fortress B shares, Fortress provided
R1 billion of financial assistance to the Trust in terms of the authority granted by shareholders to the company at the AGM for the
purchase of the company’s ordinary shares for the purposes of effecting Black Economic Empowerment.

The Trust is a charitable trust and is registered as a public benefit organisation. The Trust’s focus is the upliftment of black
education in South Africa.

30 November 2015


Sponsor
Java Capital

Date: 30/11/2015 02:28:00 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.