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 dealing in securities is 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 Buy of shares by an associate of the director (on-market transaction) DATE OF TRANSACTION 1 December 2023 PRICE OF SECURITY R7.63 NUMBER OF SECURITIES TRANSACTED 3 000 TOTAL RAND VALUE OF SECURITIES R22 890.00 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 TRANSACTION Sale of shares by an associate of the director (on-market transaction) DATE OF TRANSACTION 1 December 2023 PRICE PER SECURITY High: R7.68 Low: R7.59 Average: R7.64 NUMBER OF SECURITIES TRANSACTED 9 000 TOTAL RAND VALUE OF SECURITIES R68 790.00 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 TRANSACTIONS 5 December 2023 PRICE PER SECURITY (CENTS) R7.65 NUMBER OF SECURITIES TRANSACTED 1 500 TOTAL RAND VALUE OF SECURITIES R11 475.00 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 Indirect, beneficial THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 6 December 2023 Sponsor PSG Capital