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 TRANSACTIONS Purchase of shares by an associate of the director (on-market transaction) DATE OF TRANSACTIONS 8 June 2023 (1) 9 June 2023 (2) 12 June 2023 (3) PRICE OF SECURITY (CENTS) High:695 (1) Low:680 Average: High:713.52 Low:698 Average:701.84 (2) High:729 (3) Low:725 Average:727.26 NUMBER OF SECURITIES TRANSACTED 900 (1) 9 300 (2) 4 300 (3) TOTAL RAND VALUE OF SECURITIES R6 180.00 (1) TRANSACTED R65 270.96 (2) R31 272.25 (3) NAME OF ASSOCIATE Evlah Investments Proprietary Limited (1-3) RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a beneficiary and trustee of the associate’s sole shareholder (1-3) NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial (1-3) TRANSACTIONS 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 12 June 2023 PRICE OF SECURITY (CENTS) 730 NUMBER OF SECURITIES TRANSACTED 300 TOTAL RAND VALUE OF SECURITIES R2 190.00 TRANSACTED NAME OF ASSOCIATE Rosvest Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director of the associate, a director of a shareholder of the associate and a beneficiary and trustee of ultimate shareholder of the associate 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 8 June 2023 PRICE OF SECURITY (CENTS) 695 NUMBER OF SECURITIES TRANSACTED 300 TOTAL RAND VALUE OF SECURITIES R2 085.00 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 13 June 2023 Sponsor PSG Capital