FORTRESS REAL ESTATE INVESTMENTS LIMITED - Dealings in securities by a director of the company

Dealings in securities by a director of the company

FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share code: FFB
ISIN: ZAE000248506
Bond company code: FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")


DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY


Shareholders and noteholders are referred to previous SENS announcements regarding a pledge and cession of Fortress
B ordinary shares ("FFB shares") by Steven Brown as security for a loan of R13 million (the "financial obligation"),
the last of which was published on 16 April 2024.

Shareholders and noteholders are advised that Steven Brown has pledged an additional 1 519 803 FFB shares such that
an aggregate number of 2 900 685 FFB shares have now been pledged as security for the financial obligation, and the
facility limit is now R23 million. The terms of the loan remain unchanged. There is no fixed repayment date and is
callable on 30 days' notice. Details of the additional FFB shares pledged as security for the financial obligation are as
follows:

 Name of director:                                               Steven Brown
 Transaction date:                                               23 October 2024
 Class of securities:                                            FFB shares
 Number of securities:                                           1 519 803
 Deemed price per security*:                                     R20.17
 Deemed total value:                                             R30 654 426.51
 Nature of transaction                                           Off-market pledge and cession of ordinary shares as
                                                                 security for the financial obligation
 Nature and extent of director's interest:                       Direct beneficial
 Clearance to deal received:                                     Yes

* Closing price on 22 October 2024

24 October 2024


Lead sponsor                                                     Debt sponsor and joint equity sponsor
Java Capital                                                     Nedbank Corporate and Investment Banking, 
                                                                 (a division of Nedbank Limited)
Date: 24-10-2024 04:30:00
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