Dealings in securities by directors and the company secretary FORTRESS REAL ESTATE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/016487/06) JSE share code: FFB ISIN: ZAE000248506 Bond company code: FORI LEI: 378900FE98E30F24D975 ("Fortress" or the "Company") DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY Shareholders and noteholders are referred to the declaration of a cash dividend for the six months ended 31 December 2023, with an option for eligible Fortress B shareholders to elect to receive new fully paid-up Fortress B shares (the "capitalisation shares"), the results of which election were announced on Monday, 15 April 2024 (the "capitalisation issue"). Shareholders and noteholders are hereby advised of the following information relating to dealings in securities by directors and the company secretary of Fortress in terms of the capitalisation issue: Name of director: Steven Brown Transaction date: 12 April 2024 Class of securities: Fortress B ordinary shares ("FFB shares") Number of securities(1): 110 535 Deemed price per security R14.1099122 Deemed total value: R1 559 639.15 Nature of transaction Off-market acceptance of capitalisation shares Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of director: Vuso Majija Transaction date: 12 April 2024 Class of securities: FFB shares Number of securities(2): 39 676 Deemed price per security R14.1099122 Deemed total value: R559 824.88 Nature of transaction Off-market acceptance of capitalisation shares Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of director: Ian Vorster Transaction date: 12 April 2024 Class of securities: FFB shares Number of securities(3): 39 343 Deemed price per security R14.1099122 Deemed total value: R555 126.28 Nature of transaction Off-market acceptance of capitalisation shares Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of company secretary: Tamlyn Stevens Transaction date: 12 April 2024 Class of securities: FFB shares Number of securities(4): 13 764 Deemed price per security R14.1099122 Deemed total value: R194 208.83 Nature of transaction Off-market acceptance of capitalisation shares Nature and extent of company secretary's interest: Direct beneficial Clearance to deal received: Yes Notes: 1. 35 180 of the capitalisation shares are attributable to FFB shares held by Steven Brown under the Fortress Long Term Incentive Plan, as approved by shareholders on 1 November 2017 (the "LTIP"). 2. 8 617 of the capitalisation shares are attributable to FFB shares held by Vuso Majija under the LTIP. 3. 6 418 of the capitalisation shares are attributable to FFB shares held by Ian Vorster under the LTIP. 4. 8 184 of the capitalisation shares are attributable to FFB shares held by Tamlyn Stevens under the LTIP. Shareholders and noteholders are referred to previous SENS announcements regarding a pledge and cession of FFB shares by Steven Brown as security for a loan with a limit of R13 million (the "financial obligation"), the last of which was published on 3 April 2024. Shareholders and noteholders are advised that Steven Brown has pledged an additional 75 355 FFB shares (of the 110 535 capitalisation shares, as set out above) such that an aggregate number of 1 380 882 FFB shares have now been pledged as security for the financial obligation, and the facility limit remains at R13 million. Details of the additional FFB shares pledged as security for the financial obligation are as follows: Name of director: Steven Brown Transaction date: 12 April 2024 Class of securities: FFB shares Number of securities: 75 355 Deemed price per security R14.1099122 Deemed total value: R1 063 252.43 Nature of transaction Off-market pledge and cession of ordinary shares as security for the financial obligation Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes 16 April 2024 Lead sponsor Joint sponsor Debt sponsor Java Capital NedbankCorporate and Investment Banking, Rand Merchant Bank (a division of Nedbank Limited) (a division of First Rand Bank Limited) Date: 16-04-2024 07:30:00 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.