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” or “the company”)


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 61,38 cents per share for the six months ended 30 June 2015 (“previous comparable period”) will
escalate by the lower of 5% and the most recently available Consumer Price Index (“CPI”) figure. The CPI figure is
6,35% and the Fortress A dividend growth will therefore be limited to 5%.

The dividend per Fortress B share for the six months ended 30 June 2016 will be between 74,09 cents and 74,87 cents
per share, being between 89% and 91% higher than the 39,20 cents per B share for the previous comparable period.

Consequently, the dividend per Fortress B share for the year ended 30 June 2016 will be between 136,90 cents and
137,68 cents per share, being between 94% and 96% higher than the 70,41 cents per B share for the previous financial
year.

Fortress has 1 119 708 334 Fortress A shares and 1 014 226 190 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 year ended 30 June 2016 will be published on or about 11 August 2016.

27 July 2016


Sponsor
Java Capital

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