Enhanced Investments - Financial Portal

Dealings in securities by directors and the company secretary

Published: 2024-04-25 14:35:27 ET

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 advised of the following information in respect of dealings in securities by
directors and the company secretary of Fortress in terms of the Company’s Conditional Share Plan (“CSP”).
Shareholders and noteholders are referred to page 94 of the Integrated Report for the financial year
ended 30 June 2023 (“FY2023”) relating to the annual CSP awards. The deemed price per security for purposes
of determining the FY2023 CSP awards is the closing price of a Fortress B ordinary share (“FFB share”) on
24 April 2024, being R14.25:

Name of director:                                Steven Brown
Transaction date:                                25 April 2024
Class of securities:                             FFB shares
Number of securities:                            233 492
Deemed price per security:                       R14.25
Total value:                                     R3 327 261.00
Nature of transaction:                           Off-market acceptance of shares in terms of the CSP
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Vuso Majija
Transaction date:                                25 April 2024
Class of securities:                             FFB shares
Number of securities:                            127 962
Deemed price per security:                       R14.25
Total value:                                     R1 823 458.50
Nature of transaction:                           Off-market acceptance of shares in terms of the CSP
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Ian Vorster
Transaction date:                                25 April 2024
Class of securities:                             FFB shares
Number of securities:                            152 012
Deemed price per security:                       R14.25
Total value:                                     R2 166 171.00
Nature of transaction:                           Off-market acceptance of shares in terms of the CSP
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of company secretary:                       Tamlyn Stevens
Transaction date:                                25 April 2024
Class of securities:                             FFB shares
Number of securities:                            74 545
Deemed price per security:                         R14.25
Total value:                                       R1 062 266.25
Nature of transaction:                             Off-market acceptance of shares in terms of the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received:                        Yes

In addition, shareholders and noteholders are advised of the following information in respect of dealings in
securities by directors and the company secretary of Fortress in terms of the Company’s Matched Share Scheme
(“MSS”) in respect of FY2023. Shareholders and noteholders are referred to page 94 of the FY2023 Integrated
Report relating to the annual MSS awards. The deemed price per security for purposes of determining the FY2023
MSS awards is the closing price of an FFB share on 24 April 2024, being R14.25:

Name of director:                                 Steven Brown
Transaction date:                                 25 April 2024
Class of securities:                              FFB shares
Number of securities:                             224 920
Deemed price per security:                        R14.25
Total value:                                      R3 205 110.00
Nature of transaction:                            Off-market acceptance of matching shares in terms of the CSP
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Vuso Majija
Transaction date:                                 25 April 2024
Class of securities:                              FFB shares
Number of securities:                             161 263
Deemed price per security:                        R14.25
Total value:                                      R2 297 997.75
Nature of transaction:                            Off-market acceptance of matching shares in terms of the CSP
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of director:                                 Ian Vorster
Transaction date:                                 25 April 2024
Class of securities:                              FFB shares
Number of securities:                             190 970
Deemed price per security:                        R14.25
Total value:                                      R2 721 322.50
Nature of transaction:                            Off-market acceptance of matching shares in terms of the CSP
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of company secretary:                         Tamlyn Stevens
Transaction date:                                  25 April 2024
Class of securities:                               FFB shares
Number of securities:                              73 424
Deemed price per security:                         R14.25
Total value:                                       R1 046 292.00
Nature of transaction:                             Off-market acceptance of matching shares in terms of the CSP
Nature and extent of company secretary’s interest: Direct beneficial
Clearance to deal received:                        Yes
25 April 2024


 Lead sponsor   Joint sponsor         Debt sponsor

                            Nedbank   Rand Merchant Bank
                                      (a division of First Rand Bank
                                      Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.