FORI - Financial Covenants Notification
Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Bond company code: FORI
(Approved as a REIT by the JSE)
(“Fortress” or the “Issuer”)
FINANCIAL COVENANTS NOTIFICATION
Noteholders are advised of the following financial covenant report.
The Issuer’s financial covenant requirement, applicable to the listed notes, is as follows:
• Loan to Value Ratio (“LTV ratio”) does not exceed 50% for the Fortress Group.
The Issuer confirms that the LTV financial covenant was tested at 30 June 2022 and further advises
that the LTV ratio does not exceed 50%.
The Issuer will inform noteholders of the calculated result once its annual results have been
released.
24 August 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24-08-2022 02:35:00
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