FORTRESS INCOME FUND LIMITED - FORTRESS INCOME/LODESTONE - Results of general offer

FORTRESS INCOME/LODESTONE - Results of general offer

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”)


RESULTS OF GENERAL OFFER


Shareholders of Lodestone are referred to the announcements released on SENS regarding 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”), the last of which was
released on SENS on Friday, 2 December 2016.

The general offer closed at 12:00 on Friday, 9 December 2016 and was accepted in respect of 233 803 645 Lodestone
shares, representing 99.43% of all Lodestone shares in issue and 99.32% 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.

Fortress has invoked section 124(1)(a) of the Companies Act, 71 of 2008, 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). Fortress
will compulsorily acquire the remaining Lodestone shares it does not already own in accordance with section 124(5)
of the Companies Act and JSE settlement procedures at the commencement of business on Friday, 20 January 2017.

9 December 2016

Corporate advisor and sponsor to Fortress and designated advisor to Lodestone
Java Capital
Date: 09/12/2016 03:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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