FIFB19 - Listing of New Financial Instrument Fortress REIT Limited (Incorporated in the Republic of South Africa) (Registration No. 2009/016487/06) LEI: 378900FE98E30F24D975 Company code: FORI (Approved as a REIT by the JSE) Bond Code: FIFB19 ISIN: ZAG000171604 (“Fortress”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted Fortress the listing of Senior Unsecured Floating Rate Notes, in terms of its Domestic Medium Term Note Programme (the “Programme”) dated 10 January 2019, as guaranteed by Capital Propfund Proprietary Limited and Fortress Income 3 Proprietary Limited, effective 13 October 2020. Debt Security Code: FIFB19 ISIN: ZAG000171604 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 300 000 000.00 Issue Date: 13 October 2020 Issue Price: 100% Coupon Rate: 3 Month JIBAR plus 220 basis points Interest Commencement Date: 13 October 2020 Interest Determination Date(s): 13 January, 13 April, 13 July and 13 October of each year until the Maturity Date, with the first interest determination date being 8 October 2020 First Interest Payment Date: 13 January 2020 Interest Payment Date(s): 13 January, 13 April, 13 July and 13 October of each year until the Maturity Date Last Day to Register: By 17h00 on 2 January, 2 April, 2 July and 2 October of each year until the Maturity Date Books Close: 3 January, 3 April, 3 July and 3 October of each year until the Maturity Date Business Day Convention: Following Business Day Maturity Date: 13 October 2023 Final Maturity Amount: 100% of the Aggregate Nominal Amount Other: The pricing supplement contains additional terms and conditions to the terms and conditions as contained in the Programme Summary of Additional Terms: Please refer to the covenant information as per line item 55 and Schedule 1 of the pricing supplement Programme Amount: ZAR 20 000 000 000.00 Total Notes in Issue Under Programme: ZAR 10 447 375 000.00, exclusive of this issuance of notes Dealer: The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division 12 October 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12-10-2020 10:40:00 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.