FORTRESS INCOME FUND LIMITED - Voluntary Announcement: Acquisition of Weskus Mall

Voluntary Announcement: Acquisition of Weskus Mall

FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes: FFA    ISIN: ZAE000141313
                 FFB    ISIN: ZAE000141321
(Approved as a REIT by the JSE)
(“Fortress”)


VOLUNTARY ANNOUNCEMENT: ACQUISITION OF WESKUS MALL


Linked unitholders are advised that Fortress has concluded an agreement for the acquisition of Weskus Mall.
Weskus Mall is a 33 525m2 regional shopping centre located in Vredenburg in the Western Cape. The centre is
anchored by Checkers, Edgars, Game and Woolworths and other tenants include all the major national clothing
retailers.

The acquisition price of R469,9 million represents a yield of 7,75% and will be paid in cash. The acquisition price
will escalate at a rate of 7,7% per annum from 1 July 2014 until date of transfer and is payable by Fortress on date
of transfer.

Other than approval from the Competition Commission, all suspensive conditions relating to the acquisition have
been fulfilled and transfer of the property is expected by no later than 31 December 2014.

6 October 2014


Sponsor

Java Capital

Date: 06/10/2014 04:36:00 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.