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Fri 15 May 2015, 10:17 CAPITAL PROPERTY FUND LIMITED - FORTRESS /CAPITAL - Cautionary announcement
CPF FFA FFB 201505150018A
FORTRESS /CAPITAL - Cautionary announcement

CAPITAL PROPERTY FUND LIMITED                                 FORTRESS INCOME FUND LIMITED
(previously Friedshelf 1497 Proprietary Limited)              (Incorporated in the Republic of South Africa)
(Incorporated in the Republic of South Africa)                (Registration number 2009/016487/06)
(Registration number 2013/226575/06)                          JSE share codes: FFA   ISIN: ZAE000141313
JSE share code: CPF ISIN: ZAE000186821                                         FFB   ISIN: ZAE000141321
(Approved as a REIT by the JSE)                               (Approved as a REIT by the JSE)
(?Capital?)                                                   (?Fortress?)


CAUTIONARY ANNOUNCEMENT


Capital and Fortress shareholders are advised that Capital has received a non-binding expression of interest from
Fortress for the acquisition of all of the issued shares in Capital. The boards of Capital and Fortress are in discussion
and will update shareholders whenever appropriate.

The non-binding expression of interest and discussions in that regard do not constitute a firm intention by Fortress to
make an offer and it is possible that no offer may result from this process.

Accordingly, pending further announcements, Capital and Fortress shareholders are advised to exercise caution when
dealing in their Capital and Fortress shares respectively.


15 May 2015


Sponsor
Java Capital

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