FORTRESS REAL ESTATE INVESTMENTS LIMITED - Dealings in securities by directors and by the company secretary

Dealings in securities by directors and by the company secretary

FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share code: FFB
ISIN: ZAE000248506
Bond company code: FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")


DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY


Capitalisation issue

Shareholders and noteholders are referred to the declaration of a cash dividend for the year ended 30 June 2026,
with an option for eligible Fortress B shareholders to elect to receive new fully paid-up Fortress B shares ("FFB
shares") (the "capitalisation shares") the results of which election were announced on Monday, 19 October 2026.
Shareholders and noteholders are hereby advised of the following information relating to dealings in securities by
directors and by the company secretary of Fortress in terms of the acceptance of capitalisation shares:

 Name of director:                                      Steven Brown (Chief Executive Officer)
 Transaction date:                                      16 October 2026
 Class of securities:                                   FFB shares
 Number of securities:                                  225 336
 Deemed price per security:                             R24.00
 Deemed total value:                                    R5 408 064.00
 Nature of transaction:                                 Off-market acceptance of capitalisation shares
 Nature and extent of director’s interest:              Direct beneficial
 Clearance to deal received:                            Yes

 Name of director:                                      Ian Vorster (Chief Financial Officer)
 Transaction date:                                      16 October 2026
 Class of securities:                                   FFB shares
 Number of securities:                                  80 786
 Deemed price per security:                             R24.00
 Deemed total value:                                    R1 938 864.00
 Nature of transaction:                                 Off-market acceptance of capitalisation shares
 Nature and extent of director’s interest:              Direct beneficial
 Clearance to deal received:                            Yes

 Name of company secretary:                             Tamlyn Stevens
 Transaction date:                                      16 October 2026
 Class of securities:                                   FFB shares
 Number of securities:                                  69 912
 Deemed price per security:                             R24.00
 Deemed total value:                                    R1 677 888.00
 Nature of transaction:                                 Off-market acceptance of capitalisation shares
 Nature and extent of company secretary’s interest:     Direct beneficial
 Clearance to deal received:                            Yes

Pledge and cession of FFB shares

Shareholders and noteholders are referred to previous SENS announcements regarding a pledge and cession of
FFB shares by Steven Brown as security for a loan of R50 million (the "financial obligation"), the last of which
was published on 18 June 2026.

Shareholders and noteholders are advised that Steven Brown has pledged an additional 1 235 918 FFB shares such
that an aggregate number of 6 174 153 FFB shares have now been pledged as security for the financial obligation,
and the facility limit remains R50 million. The terms of the loan remain unchanged. There is no fixed repayment
date, and the loan is callable on 30 days’ notice. Details of the additional FFB shares pledged as security for the
financial obligation are as follows:

 Name of director:                                      Steven Brown (Chief Executive Officer)
 Transaction date:                                      19 October 2026
 Class of securities:                                   FFB shares
 Number of securities:                                  1 235 918
 Deemed price per security*:                            R24.04
 Deemed total value:                                    R29 711 468.72
 Nature of transaction:                                 Off-market pledge and cession of FFB shares as security
                                                        for the financial obligation
 Nature and extent of director’s interest:              Direct beneficial
 Clearance to deal received:                            Yes
* Closing price on 16 October 2026

19 October 2026


Lead sponsor                                             Debt sponsor and joint equity sponsor
Java Capital                                             Nedbank Corporate and Investment Banking, 
                                                         a division of Nedbank Limited
Date: 19/10/2026 02:00:00
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