Dealing in securities by an associate of a director of the company 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 Bond company code: FORI (Approved as a REIT by the JSE) ("Fortress" or "the company") DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are referred to the announcement released on SENS on 8 May 2018 relating to dealings in Fortress B ordinary shares by directors, associates of directors and the company secretary of Fortress, pursuant to the distribution by Resilient REIT Limited ("Resilient") of 169 981 600 B ordinary shares in Fortress in the ratio of 0,4 Fortress B ordinary shares for every Resilient share held at the close of trade on Friday, 4 May 2018 and are advised of the following additional dealing in securities by an associate of a director of Fortress: Name of associate: Morulat Property Investments 1 (Pty) Ltd ("Morulat") Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS Investment Trust, which owns 50% of Sakhisizwe Holdings (Pty) Ltd, which owns 100% of Morulat Transaction date: 4 May 2018 Class of securities: Fortress B ordinary shares Number of securities: 180 Price per security: R15.78 Total value: R2 840.40 Nature of transaction: Off-market acquisition in terms of the distribution by Resilient Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Fortress B ordinary shares were acquired in terms of the distribution by Resilient and accordingly no clearance to deal was sought or received 6 September 2018 Lead sponsor Java Capital Joint sponsor Nedbank Corporate and Investment Banking Date: 06/09/2018 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.