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 A PRESCRIBED OFFICER 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 PRESCRIBED OFFICER Clifford Wade Toerien COMPANY OF WHICH A PRESCRIBED Spear REIT Limited OFFICER TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by a prescribed officer (On-market transaction) DATE OF TRANSACTION 13 December 2022 PRICE PER SECURITY 729 cents NUMBER OF SECURITIES TRANSACTED 50 000 TOTAL RAND VALUE OF SECURITIES R364 500.00 TRANSACTED NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 14 December 2022 Sponsor PSG Capital