Dealings in securities by directors and company secretary of Fortress relating to vesting of shares under the LTIP 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”) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF FORTRESS RELATING TO VESTING OF SHARES UNDER THE LONG TERM INCENTIVE PLAN Shareholders are referred to the announcement released on SENS on 31 October 2018 relating to the acceptance of Award shares awarded in terms of the rules of the Fortress REIT Limited Long Term Incentive Plan (“the Plan”) and are advised of the following information relating to the vesting of the first tranche, being 20%, of the Award shares. The price per security, for purposes of determining the market value, is the closing price per Fortress A share and Fortress B share on 30 October 2019, being R21.58 and R9.00 respectively. Name of director: Steven Brown Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 35 840 Total value: R773 427.20 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Steven Brown Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 35 840 Total value: R322 560.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 29 860 Total value: R644 378.80 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 29 860 Total value: R268 740.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Donnovan Pydigadu Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 28 660 Total value: R618 482.80 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Donnovan Pydigadu Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 28 660 Total value: R257 940.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 10 580 Total value: R228 316.40 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 10 580 Total value: R95 220.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 21 500 Total value: R463 970.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 21 500 Total value: R193 500.00 Nature of transaction: Off-market vesting of Award shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Shareholders are referred to the announcement released on SENS on 31 October 2018 relating to the acceptance of Purchase shares awarded in terms of the rules of the Plan and are advised of the following information relating to the vesting of the first tranche, being 20%, of the Purchase shares, on which debt owed to Fortress remains outstanding. The price per security, for purposes of determining the market value, is the closing price per Fortress A share and Fortress B share on 30 October 2019, being R21.58 and R9.00 respectively. Name of director: Steven Brown Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 107 500 Total value: R2 319 850.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Steven Brown Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 107 500 Total value: R967 500.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 29 860 Total value: R644 378.80 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 29 860 Total value: R268 740.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 10 580 Total value: R228 316.40 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 10 580 Total value: R95 220.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 30 October 2019 Class of securities: Fortress A ordinary shares Number of securities: 21 500 Total value: R463 970.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 30 October 2019 Class of securities: Fortress B ordinary shares Number of securities: 21 500 Total value: R193 500.00 Nature of transaction: Off-market vesting of Purchase shares in terms of the Plan Nature and extent of company secretary’s interest: Direct beneficial Clearance to deal received: Yes 1 November 2019 Lead sponsor Java Capital Joint sponsor Nedbank Corporate and Investment Banking Date: 01/11/2019 12:15:00 Produced by the JSE SENS Department. 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