SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)


DEALINGS BY ASSOCIATES OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the dealings in securities by associates of a director of Spear are disclosed:

1.
 NAME OF DIRECTOR                                 Quintin Michael Rossi

 COMPANY OF WHICH A DIRECTOR                      Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive

 TYPE AND CLASS OF SECURITIES                     Ordinary shares

 NATURE OF TRANSACTIONS                           Purchase of shares by an associate of the director
                                                  (on-market transaction)

 DATE OF TRANSACTIONS                             8 June 2023                                      (1)
                                                  9 June 2023                                      (2)
                                                  12 June 2023                                     (3)

 PRICE OF SECURITY (CENTS)                        High:695                                         (1)
                                                  Low:680
                                                  Average:

                                                  High:713.52
                                                  Low:698
                                                  Average:701.84                                  (2)

                                                  High:729                                         (3)
                                                  Low:725
                                                  Average:727.26

 NUMBER OF SECURITIES TRANSACTED                  900                                             (1)
                                                  9 300                                           (2)
                                                  4 300                                           (3)

 TOTAL RAND          VALUE     OF    SECURITIES   R6 180.00                                       (1)
 TRANSACTED                                       R65 270.96                                      (2)
                                                  R31 272.25                                      (3)

 NAME OF ASSOCIATE                                Evlah Investments Proprietary Limited         (1-3)

 RELATIONSHIP WITH DIRECTOR                       Director is a director of the associate and a
                                                  beneficiary and trustee of the associate’s sole
                                                  shareholder                                (1-3)

 NATURE AND EXTENT OF INTEREST IN THE             Indirect, beneficial                           (1-3)
 TRANSACTIONS
2.
 NAME OF DIRECTOR                        Quintin Michael Rossi

COMPANY OF WHICH A DIRECTOR              Spear REIT Limited

STATUS: EXECUTIVE/NON-EXECUTIVE          Executive

TYPE AND CLASS OF SECURITIES             Ordinary shares

NATURE OF TRANSACTION                    Purchase of shares by an associate of the director
                                         (on-market transaction)

DATE OF TRANSACTION                      12 June 2023

PRICE OF SECURITY (CENTS)                730

NUMBER OF SECURITIES TRANSACTED          300

TOTAL RAND    VALUE   OF    SECURITIES   R2 190.00
TRANSACTED

NAME OF ASSOCIATE                        Rosvest Proprietary Limited

RELATIONSHIP WITH DIRECTOR               Director is a director of the associate, a
                                         director of a shareholder of the associate and
                                         a beneficiary and trustee of ultimate
                                         shareholder of the associate

NATURE AND EXTENT OF INTEREST IN THE     Indirect, beneficial
TRANSACTION


3.
 NAME OF DIRECTOR                        Quintin Michael Rossi

COMPANY OF WHICH A DIRECTOR              Spear REIT Limited

STATUS: EXECUTIVE/NON-EXECUTIVE          Executive

TYPE AND CLASS OF SECURITIES             Ordinary shares

NATURE OF TRANSACTION                    Purchase of shares by an associate of the director
                                         (on-market transaction)

DATE OF TRANSACTION                      8 June 2023

PRICE OF SECURITY (CENTS)                695

NUMBER OF SECURITIES TRANSACTED          300

TOTAL RAND    VALUE   OF    SECURITIES   R2 085.00
TRANSACTED

NAME OF ASSOCIATE                        Miss EFR Rossi

RELATIONSHIP WITH DIRECTOR               Minor child

NATURE AND EXTENT OF INTEREST IN THE     Indirect, non-beneficial
TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

Cape Town
13 June 2023

Sponsor
PSG Capital