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:                                                     28 March 2024
 Class of securities:                                                  Fortress B ordinary shares (“FFB shares”)
 Number of securities:                                                 300 000
 Highest traded price per security on the market on the day:           R15.87
 Weighted average price per security:                                  R15.72987
 Lowest traded price per security on the market on the day:            R15.66
 Total value:                                                          R4 718 960.26
 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 referred to the announcement published on SENS on 25 March 2024 regarding a
pledge and cession of FFB shares by Steven Brown as security for a loan of R5.6 million (the “financial obligation”).

Shareholders and noteholders are advised that Steven Brown has pledged an additional 1 130 847 FFB shares (including
the 300 000 FFB shares set out above) such that an aggregate number of 1 305 527 FFB shares have now been pledged
as security for the financial obligation, and the facility limit is now R13 000 000. Details of the additional FFB shares
pledged as security for the financial obligation are as follows:

 Name of director:                                                     Steven Brown
 Transaction date:                                                     28 March 2024
 Class of securities:                                                  Fortress B ordinary shares
 Number of securities:                                                 1 130 847
 Deemed price per security*:                                           R15.68
 Deemed total value:                                                   R17 731 680.96
 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 28 March 2024

3 April 2024


 Lead sponsor                                Joint sponsor                             Debt sponsor

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