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 A DIRECTOR OF THE COMPANY


Shareholders and noteholders are advised of the following information relating to a dealing in securities by a director of
Fortress:

 Name of director:                                                     Steven Brown
 Transaction date:                                                     19 March 2024
 Class of securities:                                                  Fortress B ordinary shares
 Number of securities:                                                 120 000
 Highest traded price per security on the market on the day:           R15.64
 Weighted average price per security:                                  R15.59221
 Lowest traded price per security on the market on the day:            R15.42
 Total value:                                                          R1 871 065.72
 Nature of transaction                                                 On-market purchase of shares
 Nature and extent of director’s interest:                             Direct beneficial
 Clearance to deal received:                                           Yes

Shareholders and noteholders are also advised of the following information relating to a pledge and cession of Fortress B
ordinary shares by a director of Fortress as security for a loan of R5.6 million which has no fixed repayment date and is
callable on 30 days’ notice (the “financial obligation”), concluded with Peresec Prime Brokers.

 Name of director:                                                     Steven Brown
 Transaction date:                                                     19 March 2024
 Class of securities:                                                  Fortress B ordinary shares
 Number of securities:                                                 174 680
 Deemed price per security*:                                           R15.60
 Deemed total value:                                                   R2 725 008.00
 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
* Closing price on 19 March 2024

25 March 2024


 Lead sponsor                                Joint sponsor                             Debt sponsor

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