FORTRESS INCOME FUND LIMITED - Trading statement

Trading statement

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”)


TRADING STATEMENT


In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as
soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be
reported on next will differ by at least 15% from the distribution for the previous corresponding period.

Fortress A shareholders are referred to the Fortress Memorandum of Incorporation in which it states that the
Fortress A dividend of 61,75 cents per A ordinary share for the six months ended 31 December 2014
(“previous comparable period”) will escalate by the lower of 5% and the most recently available
Consumer Price Index (“CPI”) figure. The CPI figure is 4,80% and the Fortress A dividend growth will
therefore be limited to the lower CPI percentage.

The dividend per B ordinary share for the six months ended 31 December 2015 will be between 60,86 cents
and 63,98 cents per B ordinary share, being between 95% and 105% higher than the 31,21 cents per B
ordinary share for the previous comparable period.

Fortress has 1 091 747 728 Fortress A shares and 986 265 584 Fortress B shares in issue on which the
Fortress A dividend and Fortress B dividend will be paid respectively.

The financial results on which this trading statement is based have not been reviewed or reported on by
Fortress’ auditors. The financial results for the six months ended 31 December 2015 will be published on or
about 9 February 2016.

28 January 2016


Sponsor
Java Capital

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