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”) DEALING 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 dealing in securities is disclosed: NAME OF DIRECTOR Christiaan Barnard 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 24 June 2022 PRICE PER SECURITY (CENTS) High: 770 Low: 769 Average: 769.81 NUMBER OF SECURITIES TRANSACTED 4 000 TOTAL RAND VALUE OF SECURITIES R30 792.21 TRANSACTED NAME OF ASSOCIATE J Barnard RELATIONSHIP WITH DIRECTOR Spouse NATURE AND EXTENT OF INTEREST IN THE Not applicable TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 27 June 2022 Sponsor PSG Capital