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 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
                                                   associate of the director
                                                   (on-market transactions)              (1)

                                                   Purchase of shares by an
                                                   associate of the director
                                                   (on-market transactions)              (2)

                                                   Purchase of shares by an
                                                   associate of the director
                                                   (on-market transactions)              (3)

 DATES OF TRANSACTIONS                             26 May 2022                           (1)
                                                   27 May 2022                           (1)

                                                   26 May 2022                           (2)
                                                   30 May 2022                           (2)

                                                   26 May 2022                           (3)
                                                   30 May 2022                           (3)

 PRICE PER SECURITY (CENTS)                        820                                   (1)
                                                   800                                   (1)

                                                   820                                   (2)
                                                   800                                   (2)

                                                   815                                   (3)
                                                   800                                   (3)


 NUMBER OF SECURITIES TRANSACTED                   2 000                                 (1)
                                                   2 800                                 (1)

                                                   500                                   (2)
                                                   1 000                                 (2)

                                                   500                                   (3)
                                                   1 000                                 (3)

 TOTAL RAND VALUE OF SECURITIES                    R16 400.00                             (1)
 TRANSACTED                                        R22 400.00                             (1)
                                                R4 100.00                               (2)
                                                R8 000.00                               (2)

                                                R4 075.00                               (3)
                                                R8 000.00                               (3)

 NAME OF ASSOCIATES                             Evlah Investments Proprietary Limited (1)

                                                Miss EFR Rossi                          (2)

                                                Miss EE Rossi                          (3)


 RELATIONSHIP WITH DIRECTOR                     Director is a director of the
                                                associate and a beneficiary and trustee of a
                                                shareholder of the associate            (1)

                                                Minor child                             (2)

                                                Minor child                             (3)

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

                                                Indirect, non-beneficial                (3)


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

Cape Town
31 May 2022

Sponsor
PSG Capital