Truffle asset management boosts stake in Fortress B shares

Fortress Real Estate Investments Limited has disclosed that Truffle Asset Management Proprietary Limited has acquired a beneficial interest in Fortress B ordinary shares. Following this acquisition, Truffle Asset Management now holds 7.3% of Fortress' B ordinary shares in issue.

This notification is made in compliance with section 122(3)(b) of the Companies Act, No 71 of 2008, regulation 121(2)(b) of the Companies Act Regulations 2011, and paragraph 3.83(b) of the JSE Listings Requirements. The company has also filed the required notice with the Takeover Regulation Panel as per section 122(3)(a) of the Companies Act.

The board of directors of Fortress confirms that the information in this announcement accurately reflects the details contained in the TRP121.1 form received from Truffle Asset Management and that no material information has been omitted. The announcement was released on 9 October 2025. Java Capital serves as the lead sponsor, with CIB acting as the debt sponsor and joint equity sponsor.