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 by associates of a director of Spear are 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 TRANSACTION                            Purchase of shares by an associate of the director
                                                  (on-market transaction)

 DATE OF TRANSACTION                              22 May 2023

 PRICE OF SECURITY (CENTS)                        719

 NUMBER OF SECURITIES TRANSACTED                  2 500

 TOTAL RAND          VALUE     OF    SECURITIES   R17 975
 TRANSACTED

 NAME OF ASSOCIATE                                Miss EE Rossi

 RELATIONSHIP WITH DIRECTOR                       Minor child

 NATURE AND EXTENT OF INTEREST IN THE             Indirect, non-beneficial
 TRANSACTION


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                              22 May 2023
 PRICE OF SECURITY (CENTS)                         719

 NUMBER OF SECURITIES TRANSACTED                   5 000

 TOTAL RAND         VALUE     OF    SECURITIES     R35 950
 TRANSACTED

 NAME OF ASSOCIATE                                 Evlah Investments Proprietary Limited

 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 THE              Indirect, beneficial
 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 TRANSACTION                             Purchase of shares by an associate of the director
                                                   (on-market transaction)

 DATE OF TRANSACTION                               22 May 2023

 PRICE OF SECURITY (CENTS)                         719

 NUMBER OF SECURITIES TRANSACTED                   2 500

 TOTAL RAND         VALUE     OF   SECURITIES      R17 975
 TRANSACTED

 NAME OF ASSOCIATE                                 Miss EFR Rossi

 RELATIONSHIP WITH DIRECTOR                        Minor child

 NATURE AND EXTENT OF INTEREST IN THE              Indirect, non-beneficial
 TRANSACTION


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

Cape Town
23 May 2023

Sponsor
PSG Capital