Fortress receives notification on Standard Bank's shareholding changes

Fortress Real Estate Investments Limited (JSE:FFB) announced today that it received notification from The Standard Bank Group ("Standard Bank") regarding changes in its shareholding. Initially, Standard Bank acquired Fortress B ordinary shares, increasing its total shareholding to 8.47% of the issued B ordinary shares. Subsequently, Fortress received a separate notification indicating that Standard Bank disposed of some of its shares, reducing its holding to 3.54% of Fortress’ B ordinary shares. As required by the Companies Act, Fortress has filed the necessary notices with the Takeover Regulation Panel. Fortress' board of directors affirms the accuracy of the information in the TRP121.1 forms received from Standard Bank. The announcement is dated 7 April 2025.