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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 advised of the following information in respect of the acceptance of awards by
directors and the company secretary of Fortress in terms of the Company's Conditional Share Plan ("CSP"). The
awards will vest in three years with a vesting date of 30 September 2027, subject to the vesting conditions
contained in the rules of the CSP. Shareholders and noteholders are referred to the Remuneration report included
in the Integrated Report for the financial year ended 30 June 2024 ("FY2024"), which includes details of the
annual CSP awards. The deemed price per security for purposes of determining the FY2024 CSP awards is
R20.19:
Name of director: Steven Brown
Transaction date: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 312 400
Deemed price per security: R20.19
Total value: R6 307 356.00
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 162 853
Deemed price per security: R20.19
Total value: R3 288 002.07
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 194 839
Deemed price per security: R20.19
Total value: R3 933 799.41
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 93 754
Deemed price per security: R20.19
Total value: R1 892 893.26
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 the acceptance of
matching scheme shares by directors and the company secretary of Fortress in terms of the Company's Matched
Share Scheme ("MSS") for FY2024. The matching scheme shares will vest in three years with a vesting date of
30 September 2027. Shareholders and noteholders are referred to the Remuneration report included in the FY2024
Integrated Report, which includes details of the annual MSS awards. The deemed price per security for purposes
of determining the FY2024 MSS awards is R20.19:
Name of director: Steven Brown
Transaction date: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 192 602
Deemed price per security: R20.19
Total value: R3 888 634.38
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 156 626
Deemed price per security: R20.19
Total value: R3 162 278.94
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 148 166
Deemed price per security: R20.19
Total value: R2 991 471.54
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: 6 November 2024
Class of securities: Fortress B ordinary shares
Number of securities: 52 043
Deemed price per security: R20.19
Total value: R1 050 748.17
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
7 November 2024
Lead equity sponsor Debt sponsor and joint equity sponsor
Java Capital Nedbank Corporate and Investment Banking,
a division of Nedbank Limited)
Date: 07-11-2024 01:45:00
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