Dealings in securities by directors and by associates of directors of Fortress 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”) DEALINGS IN SECURITIES BY DIRECTORS AND BY ASSOCIATES OF DIRECTORS OF FORTRESS Shareholders are advised of the following information relating to dealings in securities by directors and by associates of directors of Fortress: Name of director: Fareed Wania Transaction date: 15 September 2016 Class of securities: Fortress A ordinary shares Number of securities: 538 300 Highest traded price per security:* R16.22 Weighted average price per security: R16.12730 Lowest traded price per security:* R15.80 Total value: R8 681 325.59 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Steven Brown Transaction date: 15 September 2016 Class of securities: Fortress A ordinary shares Number of securities: 300 000 Highest traded price per security:* R16.22 Weighted average price per security: R16.12730 Lowest traded price per security:* R15.80 Total value: R4 838 190.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Rumae Holdings (Pty) Ltd Name of director and relationship to director: Rual Bornman, who is a trustee and a beneficiary of The Rumae Trust, which owns 100% of Rumae Holdings (Pty) Ltd Transaction date: 15 September 2016 Class of securities: Fortress A ordinary shares Number of securities: 360 000 Highest traded price per security:* R16.22 Weighted average price per security: R16.12730 Lowest traded price per security:* R15.80 Total value: R5 805 828.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate Jean Avenue Property Investments (Pty) Ltd Name of director and relationship to director: Andrew Teixeira, who is a trustee and beneficiary of the Ida Family Trust, which owns 100% of Jean Avenue Property Investments (Pty) Ltd Transaction date: 15 September 2016 Class of securities: Fortress A ordinary shares Number of securities: 2 145 500 Highest traded price per security:* R16.22 Weighted average price per security: R16.12730 Lowest traded price per security:* R15.80 Total value: R34 601 122.15 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate Limit 26 Investments One (Pty) Ltd Name of director and relationship to director: Wiko Serfontein, who is a trustee and beneficiary of Serfontein Familie Trust, which owns 100% of Limit 26 Investments One (Pty) Ltd Transaction date: 15 September 2016 Class of securities: Fortress A ordinary shares Number of securities: 250 000 Highest traded price per security:* R16.22 Weighted average price per security: R16.12730 Lowest traded price per security:* R15.80 Total value: R4 031 825.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial *Highest and lowest traded prices per security on the market on the day. 20 September 2016 Sponsor Java Capital Date: 20/09/2016 03:04:00 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.