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 IN SHARES BY AN ASSOCIATE 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 is disclosed: 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 (1-3) associate of the director (on-market transactions) DATES OF TRANSACTIONS 18 July 2023 (1) 19 July 2023 (2) 20 July 2023 (3) PRICE PER SECURITY (CENTS) 710 (1) 709 (2) High: 709 (3) Low: 708 Average: 708.79 NUMBER OF SECURITIES TRANSACTED 400 (1) 130 (2) 2 500 (3) TOTAL RAND VALUE OF SECURITIES R2 840.00 (1) TRANSACTED R921.70 (2) R17 719.75 (3) NAME OF ASSOCIATE Evlah Investments (1-3) Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director of the (1-3) associate and a beneficiary and trustee of the associate’s sole shareholder NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-3) THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 24 July 2023 Sponsor PSG Capital