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 IN SHARES 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 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 TRANSACTIONS                            Purchase of shares by an associate of
                                                   the director (on-market transactions) (1-2)

 DATE OF TRANSACTIONS                              18 June 2025                            (1)
                                                   19 June 2025                            (2)

 PRICE PER SECURITY (CENTS)                        1 017.47                                (1)
                                                   1 003                                   (2)

 NUMBER OF SECURITIES TRANSACTED                   1 175                                    (1)
                                                   1 412                                    (2)

 TOTAL RAND         VALUE     OF    SECURITIES     R11 955.27                               (1)
 TRANSACTED                                        R14 162.36                               (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


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 transaction)
 DATE OF TRANSACTION                          18 June 2025

 PRICE OF SECURITY (CENTS)                    1 018

 NUMBER OF SECURITIES TRANSACTED              1 500

 TOTAL RAND       VALUE    OF   SECURITIES    R15 270.00
 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 (on-market transaction)

 DATE OF TRANSACTION                          18 June 2025

 PRICE OF SECURITY (CENTS)                    1 018

 NUMBER OF SECURITIES TRANSACTED              1 500

 TOTAL RAND       VALUE    OF   SECURITIES    R15 270.00
 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
20 June 2025

Sponsor
PSG Capital