FORTRESS INCOME FUND LIMITED - Credit Rating Announcement

Credit Rating Announcement

Fortress Income Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
Company code: FORT
(Approved as a REIT by the JSE)
(“Fortress” or the “Issuer”)


CREDIT RATING ANNOUNCEMENT

Noteholders are advised that the Issuer has formally accepted the rating assigned by Global Credit
Ratings (“GCR”) on Monday, 10 April 2017. GCR has upgraded the national scale rating of Fortress to
AA-(za) in the long term and A1+(za) in the short term, with the outlook accorded as stable.

11 April 2017

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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