Enhanced Investments - Financial Portal

Dealings In Shares By Associates Of A Director

Published: 2026-01-20 11:20:28 ET

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 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 is 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 transactions) (1-2)

 DATES OF TRANSACTIONS                           14 January 2026                            (1)
                                                 15 January 2026                            (2)

 PRICE PER SECURITY (CENTS)                      High: 1 241                               (1)
                                                 Low: 1 199
                                                 Average: 1 224.79

                                                 1 216                                      (2)

 NUMBER OF SECURITIES TRANSACTED                 1 303                                      (1)
                                                 800                                        (2)

 TOTAL RAND VALUE OF SECURITIES                  R15 958.97                                 (1)
 TRANSACTED                                      R9 728.00                                  (2)

 NAME OF ASSOCIATE                               Evlah Investments Proprietary Limited
                                                                                          (1-2)

 RELATIONSHIP WITH DIRECTOR                      Director is a director of the associate and
                                                 a beneficiary and trustee of the
                                                 associate’s sole shareholder          (1-2)

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial                    (1-2)
 THE 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                 15 January 2026

PRICE PER SECURITY (CENTS)          1 218

NUMBER OF SECURITIES TRANSACTED     1 970

TOTAL RAND VALUE OF SECURITIES      R23 994.60
TRANSACTED

NAME OF ASSOCIATE                   LTR Capital Limited a Company
                                    Incorporated under the laws of the
                                    Republic of Mauritius

RELATIONSHIP WITH DIRECTOR          Director is a director of the associate and
                                    a beneficiary and trustee of the
                                    associate’s sole shareholder

NATURE AND EXTENT OF INTEREST IN    Indirect, beneficial
THE 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 TRANSACTIONS             Purchase of shares by an associate of the
                                   director (on-market transactions)     (1-2)

DATE OF TRANSACTIONS               16 January 2025                         (1)
                                   19 January 2025                         (2)

PRICE OF SECURITY(CENTS)           High: 1 209                            (1)
                                   Low: 1 205
                                   Average: 1207.13

                                   1 180                                  (2)

NUMBER OF SECURITIES TRANSACTED    470                                    (1)
                                   1 000                                  (2)
TOTAL RAND VALUE OF SECURITIES     R5 673.50                               (1)
TRANSACTED                         R11 800.00                              (2)

NAME OF ASSOCIATE                  Miss EE Rossi                           (1-2)

RELATIONSHIP WITH DIRECTOR         Minor child                             (1-2)
 NATURE AND EXTENT OF INTEREST IN             Indirect, non-beneficial               (1-2)
 THE TRANSACTIONS

4.
 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 transactions)    (1-2)

 DATE OF TRANSACTIONS                         16 January 2025                       (1)
                                              19 January 2025                       (2)

 PRICE OF SECURITY (CENTS)                    High: 1 208                           (1)
                                              Low: 1 205
                                              Average: 1 206.56

                                              1 180                                 (2)

 NUMBER OF SECURITIES TRANSACTED              480                                   (1)
                                              1 000                                 (2)

 TOTAL RAND VALUE OF SECURITIES               R5 791.50                             (1)
 TRANSACTED                                   R11 800.00                            (2)

 NAME OF ASSOCIATE                            Miss EFR Rossi                        (1-2)

 RELATIONSHIP WITH DIRECTOR                   Minor child                           (1-2)

 NATURE AND EXTENT OF INTEREST IN             Indirect, non-beneficial              (1-2)
 THE TRANSACTIONS


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
20 January 2026

Sponsor
PSG Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.