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, details of the dealings
in securities by associates of Quintin Michael Rossi (“Director”) are disclosed in the tables below.

As part of an internal restructuring of the Director’s family investment portfolio, a number of Spear shares
held by the Director’s two minor daughters were transferred to an investment holding company owned by
the Director and his family. The transfer is solely for purposes of estate planning and does not affect the
aggregate shareholding of the Director and his associates in Spear.

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                               Acquisition of shares by an associate of the director
                                                     (off-market transaction)

 DATE OF TRANSACTION                                 24 May 2023

 PRICE OF SECURITY                                   R7.26

 NUMBER OF SECURITIES TRANSACTED                     93 358

 TOTAL RAND          VALUE     OF    SECURITIES      R677 779.08
 TRANSACTED

 NAME OF ASSOCIATE                                   Stretsons Capital Limited a Global Business
                                                     Company incorporated under the laws of the
                                                     Republic of Mauritius

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

 NATURE AND EXTENT OF INTEREST IN THE                Indirect, 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                             Disposal of shares by an associate of the director
                                                   (off-market transaction)

 DATE OF TRANSACTION                               24 May 2023

 PRICE OF SECURITY                                 R7.26

 NUMBER OF SECURITIES TRANSACTED                   45 104

 TOTAL RAND         VALUE     OF   SECURITIES      R327 455.04
 TRANSACTED

 NAME OF ASSOCIATE                                 Miss EE Rossi

 RELATIONSHIP WITH DIRECTOR                        Minor child

 NATURE AND EXTENT OF INTEREST IN THE              Indirect, non-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
                                                   (off-market transaction)

 DATE OF TRANSACTION                               24 May 2023

 PRICE OF SECURITY                                 R7.26

 NUMBER OF SECURITIES TRANSACTED                   48 254

 TOTAL RAND         VALUE     OF   SECURITIES      R350 324.04
 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
26 May 2023

Sponsor
PSG Capital