FORTRESS REIT LIMITED - FORI - Financial Covenants Announcement

FORI - Financial Covenants Announcement

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

FINANCIAL COVENANTS NOTIFICATION

Bondholders are advised of the following financial covenant report.

The Issuer’s financial covenant requirement, applicable to the listed notes, is as follows:

    •   Loan to Value Ratio (“LTV ratio”) does not exceed 50% for the Fortress Group.

The Issuer confirms that the financial covenant was tested at 30 June 2018 and does not exceed 50%,
with the LTV ratio measuring 36.1%.

30 August 2018

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

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