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 11 July 2023 PRICE OF SECURITY R7.00 NUMBER OF SECURITIES TRANSACTED 3 100 TOTAL RAND VALUE OF SECURITIES R21 700.00 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 TRANSACTIONS Purchase of shares by an associate of the director (on-market transactions) (1-2) DATE OF TRANSACTIONS 12 July 2023 (1) 13 July 2023 (2) PRICE PER SECURITY R7.08 (1) R7.10 (2) NUMBER OF SECURITIES TRANSACTED 570 (1) 1 000 (2) TOTAL RAND VALUE OF SECURITIES R4 035.60 (1) TRANSACTED R7 100.00 (2) NAME OF ASSOCIATE Evlah Investments Proprietary Limited (1-2) RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a beneficiary and trustee of the associate’s sole shareholder (1-2) NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial (1-2) TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 14 July 2023 Sponsor PSG Capital