FORTRESS REAL ESTATE INVESTMENTS LIMITED - Finalisation announcement

Finalisation announcement

FORTRESS REAL ESTATE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/016487/06)
JSE share codes:    FFA ISIN: ZAE000248498
                    FFB ISIN: ZAE000248506
Bond company code:  FORI
LEI: 378900FE98E30F24D975
("Fortress" or the "Company")


FINALISATION ANNOUNCEMENT


Unless otherwise defined, terms defined in the circular bear the same meaning in this announcement.

Shareholders are referred to the circular published on 30 November 2023 regarding a scheme of arrangement between
Fortress and FFB shareholders, in terms of which Fortress will repurchase all of the FFB shares in issue in consideration
for 0.060207 NRP shares for every FFB share in issue, together with the conversion of all of the FFA shares in issue
into FFB shares following the implementation of the scheme and certain consequential amendments to the MOI of
Fortress.

Fortress is pleased to announce that all outstanding conditions precedent to the scheme and the FFA conversion have
been fulfilled and the scheme and FFA conversion are wholly unconditional. The scheme and the FFA conversion will
now be implemented in accordance with the salient dates and times set out in the circular following the issue of a
compliance certificate by the Takeover Regulation Panel in terms of section 121(b)(i) of the Companies Act.

Responsibility statement

The independent board and board accept responsibility for the information contained in this announcement and certify
that, to the best of their knowledge and belief, the information contained in this announcement relating to Fortress is
true and this announcement does not omit anything that is likely to affect the import of such information.

6 February 2024


Financial advisor to the independent board
Rothschild & Co

Legal advisor
DLA Piper Advisory Services

Sponsor
Java Capital

Date: 06-02-2024 10:00:00
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