Fortress offers share alternative for final B share dividend

Fortress Real Estate Investments Limited has declared a final gross cash dividend of 86.29000 cents per Fortress B share for the year ended 30 June 2025. Shareholders can elect to receive this dividend as cash or as ordinary shares in NEPI Rockcastle N.V. (NRP shares). For those electing the dividend in specie, the ratio will be 0.00678 NRP shares for every 1 Fortress B share held on the record date, with fractional entitlements rounded down and paid in cash.

The cash dividend, totaling R1 039 183 420 if no shareholders elect the in specie alternative, will be funded from the company's cash reserves. Shareholders electing the NRP share alternative will be liable for a 0.25% Securities Transfer Tax on the value of the NRP shares transferred, calculated based on the closing NRP share price on the record date.

The last day to trade to be eligible for the dividend is Tuesday, 14 October 2025, with the record date set for Friday, 17 October 2025. CSDP or broker accounts will be credited with cash or NRP shares on Tuesday, 21 October 2025. As of the announcement date, Fortress holds 108,292,699 NRP shares, representing 15.2% of NEPI Rockcastle N.V.'s total issued share capital.