FORTRESS INCOME FUND LIMITED - Lodestone/Fortress-Prov results of general offer & notice of intention to invoke section 124(1) of the Companies Act

Lodestone/Fortress-Prov results of general offer & notice of intention to invoke section 124(1) of the Companies Act

LODESTONE REIT LIMITED                                    FORTRESS INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)            (Incorporated in the Republic of South Africa)
(Registration number: 2010/017830/06)                     (Registration number: 2009/016487/06)
JSE share code: LDO ISIN: ZAE000197935                    JSE share codes: FFA  ISIN: ZAE000192787
(Approved as a REIT by the JSE)                                            FFB  ISIN: ZAE000192795
(“Lodestone”)                                             (Approved as a REIT by the JSE)
                                                          (“Fortress”)


PROVISIONAL RESULTS OF GENERAL OFFER AND NOTICE OF INTENTION TO INVOKE SECTION 124(1) OF THE COMPANIES ACT, 71 OF 2008


Introduction

Shareholders of Lodestone are referred to the announcement released on SENS on 10 November 2016 wherein
Lodestone shareholders were advised that the general offer by Fortress to Lodestone shareholders to acquire all
Lodestone shares by exchange of one Fortress A ordinary share and one Fortress B ordinary share for every 6.66667
Lodestone shares held (the “general offer”) was declared wholly unconditional.

Provisional results of general offer

As at 13:00 on Friday, 18 November 2016, Fortress has received acceptances in respect of 217 770 820 Lodestone
shares, representing 92.61% of all Lodestone shares in issue and 91.20% of Lodestone shares, excluding Lodestone
shares held before the general offer by Fortress, persons which are related or inter-related to Fortress and persons
deemed to be acting in concert with Fortress.

The general offer is open for acceptance and will remain open for at least 10 business days after announcement of the
closing date, which will be announced no earlier than 25 November 2016.

Notice to invoke section 124(1) of the Companies Act, 71 of 2008 (the “Companies Act”)

Fortress is entitled to compulsorily acquire all of the remaining Lodestone shares from Lodestone shareholders who
have not yet accepted the general offer.

Fortress has elected to invoke section 124(1)(a) of the Companies Act in order to compulsorily acquire all of the
remaining Lodestone shares it does not already own (on the same terms and conditions as the general offer). A notice
to invoke section 124(1)(a) of the Companies Act will be posted to the holders of the remaining Lodestone shares who
have not accepted the general offer in due course.

18 November 2016


Corporate advisor and sponsor to Fortress and designated advisor to Lodestone
Java Capital
Date: 18/11/2016 03:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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