FORTRESS INCOME FUND LIMITED - FIFB14 - Listing of New Financial Instrument

FIFB14 - Listing of New Financial Instrument

Fortress REIT Limited
(previously Fortress Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORT
(Approved as a REIT by the JSE)
Bond Code: FIFB14
ISIN: ZAG000147976
(“Fortress” or “the Issuer”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of its FIFB14 Senior Unsecured Floating Rate Notes, in terms of
its Domestic Medium Term Note Programme (“the Programme”) dated 7 June 2012, as guaranteed by Capital
Propfund Proprietary Limited, Fortress Income 2 Proprietary Limited and Fortress Income 3 Proprietary
Limited, effective 7 November 2017.

Debt Security Code:                         FIFB14
ISIN:                                       ZAG000147976
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 500,000,000.00
Issue Date:                                 7 November 2017
Issue Price:                                100 %
Coupon Rate:                                3 Month JIBAR plus 161 basis points
Interest Commencement Date:                 7 November 2017
Interest Determination Date(s):             7 February, 7 May, 7 August and 7 November, of each year until
                                            maturity with the first interest determination date being 7
                                            November 2017
First Interest Payment Date:                7 February 2018
Interest Payment Date(s):                   7 February, 7 May, 7 August and 7 November of each year until
                                            maturity
Last Day to Register:                       By 17h00 on 27 January, 26 April, 27 July and 27 October of each
                                            year until maturity
Books Close:                                28 January, 27 April, 28 July and 28 October of each year until
                                            maturity
Business Day Convention:                    Following Business Day
Maturity Date:                              7 November 2022
Final Maturity Amount:                      100% of Nominal Amount
Other:                                      The pricing supplement contains additional terms and conditions
Summary of Additional Terms:                The pricing supplement contains an appendix “Schedule 1” which
                                            sets out the procedure in terms of a redemption in the event of a
                                            breach of financial covenants
Programme Amount:                           ZAR 20,000,000,000.00
Total Notes in Issue Under Programme:       ZAR 8,350,500,000.00, exclusive of this issuance of notes
Dealer:                                     The Standard Bank of South Africa Limited, acting through its
                                            Corporate and Investment Banking division

The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.


6 November 2017

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

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