Voluntary trading update regarding interim dividend and guidance provided FORTRESS REIT LIMITED (previously Fortress Income Fund Limited) (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share codes: FFA ISIN: ZAE000248498 FFB ISIN: ZAE000248506 (Approved as a REIT by the JSE) (“Fortress” or “the company”) VOLUNTARY TRADING UPDATE REGARDING INTERIM DIVIDEND AND GUIDANCE PROVIDED Shareholders are advised that Fortress anticipates that the dividend per B share for the interim period ended 31 December 2017 will be between 89.99 cents and 90.77 cents per share, being between 14.5% and 15.5% higher than the 78.59 cents per B share for the six months ended 31 December 2016. Trading in the current financial year has been consistent with the prospects previously communicated to shareholders and Fortress confirms that, on the assumption that the A share dividend will increase by 5%, the board anticipates that the B share dividend for the financial year ending 30 June 2018 will increase by approximately 15%, as previously guided. The financial results on which this trading statement is based have not been reviewed or reported on by Fortress’ auditors. The company’s interim results for the six months ended 31 December 2017 will be published on or about 8 February 2018. 11 January 2018 Sponsor Java Capital Date: 11/01/2018 12:12:00 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.