Dealing in securities by an associate of a director of the company FORTRESS REIT 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 advised of the following information relating to the dealing in securities by an associate of a director of Fortress: Name of associate: Dusty Gold Investments 4 (Pty) Ltd ("Dusty Gold") Name of director and relationship to director: Mark Stevens, who is a trustee and beneficiary of the MWS Investment Trust, which owns 100% of Dusty Gold Transaction date: 28 May 2019 Class of securities: Fortress A ordinary shares Number of securities: 8 855 323 Nature of transaction: Off-market, over-the-counter collar over 8 855 323 Fortress A ordinary shares in eight tranches with, in each case, a put strike price of R17.38 and a call strike price of R19.54 with weekly expiry dates from 3 May 2021 to 21 June 2021 Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes 29 May 2019 Lead sponsor Java Capital Joint sponsor Nedbank Corporate and Investment Banking Date: 29/05/2019 11:45:00 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.