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”)


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
11:00 a.m. today, Thursday, 30 June 2022 at Spear REIT Limited Head Office, 16th Floor,
2 Long Street, Cape Town (“AGM”), all of the resolutions were passed by the requisite
majorities of the Company’s shareholders.

Details of the results of the voting at the AGM are as follows:

 Resolutions             Votes for    Votes         Number of     Number of      Number of
 proposed at the         resolution   against       shares        shares         shares
 AGM                     as a         resolution    voted at      voted at       abstained
                         percentage   as a          AGM           AGM as a       as a
                         of total     percentage                  percentage     percentage
                         number of    of total                    of shares in   of shares in
                         shares       number of                   issue*         issue*
                         voted at     shares
                         AGM          voted at
                                      AGM
 Ordinary resolution     98.50%       1.50%         191,747,878   78.31%         1.30%
 number 1:
 Retirement and re-
 election of Mr. A
 Varachhia as
 director


 Ordinary resolution     99.97%       0.03%         191,747,878   78.31%         1.30%
 number 2:
 Retirement and re-
 election of Mr. N
 Kjellstrom-Matseke
 as director


 Ordinary resolution     99.97%       0.03%         191,747,878   78.31%         1.30%
 number 3:
 Retirement and re-
 election of Dr. RL
 Phillips as director


 Ordinary resolution     99.97%       0.03%         191,747,878   78.31%         1.30%
 number 4:
 To re-appoint Mr.
 JE Allie as member
 of the audit and risk
 committee
Ordinary resolution    99.97%   0.03%   191,747,878   78.31%   1.30%
number 5:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee


Ordinary resolution    100%     0.00%   191,747,878   78.31%   1.30%
number 6:
To re-appoint Mr. N
Kjellström-Matseke
as member of the
audit and risk
committee


Ordinary resolution    99.40%   0.60%   191,747,878   78.31%   1.30%
number 7:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company


Ordinary resolution    94.52%   5.48%   191,747,878   78.31%   1.30%
number 8:
Non-binding
advisory vote on
Spear’s
remuneration policy


Ordinary resolution    94.52%   5.48%   191,747,878   78.31%   1.30%
number 9:
Non-binding
advisory vote on
Spear’s
implementation
report on the
remuneration policy


Ordinary resolution    94.80%   5.20%   191,747,878   78.31%   1.30%
number 10:
General authority to
issue ordinary
shares for cash
 Special resolution     79.24%    20.76%         191,747,878   78.31%        1.30%
 number 1:
 Remuneration of
 non-executive
 directors


 Special resolution     99.92%    0.08%          191,747,878   78.31%        1.30%
 number 2:
 Inter-company
 financial assistance


 Special resolution     99.92%    0.08%          191,747,878   78.31%        1.30%
 number 3:
 Financial
 assistance for
 acquisition of
 shares in the
 company or a
 related or inter-
 related company


 Special resolution     97.03%    2.97%          191,747,878   78.31%        1.30%
 number 4:
 Share repurchases
 by Spear and its
 subsidiaries



Note:
*Total number of shares in issue as at the date of the AGM was 244 846 390 of which
12 130 073 were treasury shares.

Cape Town
30 June 2022

Sponsor
PSG Capital