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FFA / FFB - Fortress Income Fund Limited - Acquisition of linked units in

Release Date: 21/04/2011 15:08
Code(s): FFA FFB
Wrap Text

FFA / FFB - Fortress Income Fund Limited - Acquisition of linked units in Fortress by BEE company FORTRESS INCOME FUND LIMITED (Incorporated in the Republic of South Africa) Registration number 2009/016487/06 Share codes: FFA ISIN: ZAE000141313 FFB ISIN: ZAE000141321 ("Fortress") ACQUISITION OF LINKED UNITS IN FORTRESS BY BEE COMPANY Linked unitholders are advised that Amber Peek Investments (Proprietary) Limited (the "BEE company") has acquired 37 million "A" linked units ("FFA units") and 10,25 million "B" linked units ("FFB units")in Fortress, comprising 16% of FFA units and 4,4% of FFB units in issue. The BEE company is effectively 100% black-owned, including the 48% shareholding held by The Siyakha Education Trust ("Siyakha"), a trust established exclusively for the benefit of black education in South Africa. Siyakha recently acquired the 18% interest in the BEE company previously held by RCG Trade and Finance (Pty) Ltd. The BEE company acquired the FFA and FFB units for an aggregate price of R428,3 million, funded with bank debt in an amount of R200 million and a loan from Fortress in an amount of R228,3 million. The Fortress loan is in accordance with the authority granted by Fortress unitholders by special resolution approved at the annual general meeting of Fortress on 27 October 2010. 21 April 2011 Sponsor Java Capital Date: 21/04/2011 15:08:19 Supplied by www.sharenet.co.za 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.

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