Dealings in securities by a director and by an associate of a director 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” or “the company”) DEALINGS IN SECURITIES BY A DIRECTOR AND BY AN ASSOCIATE OF A DIRECTOR OF FORTRESS Shareholders are advised of the following information relating to dealings in securities by a director and by an associate of a director of Fortress: Name of director: Steven Brown Transaction date: 19 December 2016 Class of securities: Fortress A ordinary shares Number of securities: 250 000 Highest traded price per security:* R16.66 Weighted average price per security: R16.46340 Lowest traded price per security:* R16.16 Total value: R4 115 850.00 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: 19 December 2016 Class of securities: Fortress A ordinary shares Number of securities: 435 844 Highest traded price per security:* R16.66 Weighted average price per security: R16.46340 Lowest traded price per security:* R16.16 Total value: R7 175 474.11 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial 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: 20 December 2016 Class of securities: Fortress A ordinary shares Number of securities: 464 156 Highest traded price per security:* R16.84 Weighted average price per security: R16.51710 Lowest traded price per security:* R16.36 Total value: R7 666 511.07 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. 21 December 2016 Sponsor Java Capital Date: 21/12/2016 12:55:00 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.