FORTRESS REIT LIMITED - Change in functions of directors

Change in functions of directors

FORTRESS REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:   FFA ISIN: ZAE000248498
                   FFB ISIN: ZAE000248506
LEI code:          378900FE98E30F24D975
Bond Company code: FORI
(Approved as a REIT by the JSE)
(“Fortress”)


CHANGE IN FUNCTIONS OF DIRECTORS


Shareholders are referred to the SENS announcement published on 29 June 2020 wherein it was announced
that Robin Lockhart-Ross had been appointed as independent non-executive chairperson of Fortress with
effect from 1 July 2020 and stepped down as chair of the audit committee.

Shareholders are now advised of the following changes to the composition of the Fortress board committees:

-     Audit committee: Djurk Venter (the previous chairperson of the audit committee) has been re-
      appointed as interim chairperson of the audit committee until his intended retirement from the Fortress
      board at the next annual general meeting. Robin Lockhart-Ross will remain a member of the audit
      committee until a permanent chairperson of the audit committee has been appointed by shareholders at
      the next annual general meeting;
-     Risk committee: Robin Lockhart-Ross and Steven Brown have resigned as members of the risk
      committee. Ina Lopion and Ian Vorster have been appointed as members of the risk committee;
-     Nomination committee: Robin Lockhart-Ross has been appointed as a member and chairperson of the
      nomination committee, filling the vacancy on this committee created by the retirement of Iraj Abedian;
      and
-     Social and ethics committee: Tshiamo Matlapeng-Vilakazi has resigned as chairperson of the social
      and ethics committee but will remain a member. Vuyiswa Mutshekwane has been appointed as
      chairperson.

The composition of the remuneration committee and the investment committee remains unchanged.

4 August 2020


Lead sponsor
Java Capital

Joint sponsor
Nedbank Corporate and Investment Banking

Date: 04-08-2020 02:30:00
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