FORTRESS INCOME FUND LIMITED - Accelerated Book Build

Accelerated Book Build

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”)


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO
SO

ACCELERATED BOOK BUILD

Subject to pricing acceptable to Fortress, Fortress proposes an equity raise of approximately R200 million
through the issue of new Fortress A and B linked units under its general authority to issue linked units for cash,
as approved by unitholders at the annual general meeting held on 24 October 2012.

The equity raise will be offered to selected investors through an accelerated book build process.

The book build opens at 11h30 on 11 April 2013 and may close at any time thereafter. Given that the new
linked units will be issued under Fortress’ general authority, the accelerated bookbuild is only open to public
unitholders as such term is defined in the JSE Listings Requirements.

Java Capital is acting as sole bookrunner.


11 April 2013

Bookrunner, corporate advisor and sponsor

Java Capital contact details:
Andrew Brooking/Travis Green
Fortress@javacapital.co.za
Tel: (011) 283 0042

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have not
been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities
Act”), and may not be offered or sold, directly or indirectly, in the United States, absent registration or an
exemption from, or transaction not subject to, the registration requirements of the Securities Act. No public
offering of securities is being made in the United States. This announcement does not and is not intended to
constitute an offer to the public in South Africa in terms of the South African Companies Act 71 of 2008 (as
amended). Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or
indirectly in or into the United States, Canada, Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in article
2(1)(e) of EU directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and
regulations adopted by each Member State). In the United Kingdom, this announcement is directed only at the
following persons: investment professionals falling within article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the “Order”); and high net worth entities, and other person to
whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Fortress. No representation or warranty
express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be
accepted by Java Capital or by any of its respective affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral information made available to or publicly
available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

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