FORTRESS INCOME FUND LIMITED - Results of the accelerated bookbuild

Results of the accelerated bookbuild

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” or “the Company”)


RESULTS OF THE ACCELERATED BOOKBUILD


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

Shareholders are advised that Fortress has closed its bookbuild announced earlier today.

In light of demand, the amount of capital to be raised was increased to R1.38 billion through the placing
of 27 960 606 new A shares at a price of R15.00 per A share and the placing of 27 960 606 new B shares at
a price of R34.50 per B share (collectively, the “new Fortress shares”).

Subject to approval by the JSE, listing and trading of the new Fortress shares is expected to commence at
09:00 on Friday, 26 February 2016.

Java Capital acted as sole bookrunner.

18 February 2016


Bookrunner and sponsor
Java Capital


The equity raise is not an offer to the public. Participation in the equity raise is reserved for invited
investors only and subject to the terms and conditions provided to the invited investors.

This announcement is not for publication or distribution or release, directly or indirectly, in the United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 (“Companies Act”). 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 persons 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 the Company. 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 their 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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