Dealings in securities by a director, associates of directors and the company secretary of Fortress FORTRESS INCOME FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share codes: FFA ISIN: ZAE000141313 FFB ISIN: ZAE000141321 (Approved as a REIT by the JSE) (“Fortress”) DEALINGS IN SECURITIES BY A DIRECTOR, ASSOCIATES OF DIRECTORS AND THE COMPANY SECRETARY OF FORTRESS Linked unitholders are advised of the following information relating to the dealings in securities by a director, associates of directors and the company secretary of Fortress: Name of associate: MWS Investment Trust Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of MWS Investment Trust Transaction date: 20 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 927 168 Price per security: R0.70 Total value: R649 017.60 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: Limit 26 Investments One Proprietary Limited Name of director and relationship to director: Wiko Serfontein, who is a trustee and beneficiary of Serfontein Familie Trust, which owns 100% of Limit 26 Investments One Proprietary Limited Transaction date: 20 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 69 168 Price per security: R0.70 Total value: R48 417.60 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of director: Jeff Zidel Transaction date: 21 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 38 928 Price per security: R0.71 Total value: R27 638.88 Nature of transaction: On-market sale Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Maxtrade Seven Proprietary Limited Name of director: Jeff Zidel, who owns 100% of Maxtrade Seven Proprietary Limited Transaction date: 21 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 10 479 Price per security: R0.71 Total value: R7 440.09 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: Lynn Zidel Name of director: Jeff Zidel Relationship to director: Wife Transaction date: 21 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 10 480 Price per security: R0.71 Total value: R7 440.80 Nature of transaction: On-market sale Nature and extent of director’s interest: Not applicable Name of company secretary: Bernita Schaper Transaction date: 21 May 2014 Class of securities: Fortress A letters of allocation (JSE share code FFAN) Number of securities: 25 938 Price per security: R0.71 Total value: R18 415.98 Nature of transaction: On-market sale Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Bernita Schaper Transaction date: 21 May 2014 Class of securities: Fortress B letters of allocation (JSE share code FFBN) Number of securities: 25 938 Price per security: R0.30 Total value: R7 781.40 Nature of transaction: On-market sale Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Eline Serfontein Name of director: Wiko Serfontein Relationship to director: Daughter Transaction date: 21 May 2014 Class of securities: Fortress B linked units Number of securities: 500 Price per security: R9.37 Total value: R4 685.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Not applicable Name of associate: Luan Serfontein Name of director: Wiko Serfontein Relationship to director: Son Transaction date: 21 May 2014 Class of securities: Fortress B linked units Number of securities: 500 Price per security: R9.37 Total value: R4 685.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Not applicable 22 May 2014 Sponsor Java Capital Date: 22/05/2014 03:30:00 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.