SPEAR REIT LIMITED - Dealings by Associates of a Director

Dealings by Associates of a Director

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 is disclosed:

 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)

                                                 Purchase of shares by an
                                                 associate of the director
                                                 (on-market transactions)                      (2)

 DATES OF TRANSACTIONS                           27 November 2023                              (1)
                                                 28 November 2023                              (1)
                                                 29 November 2023                              (1)

                                                 28 November 2023                              (2)
                                                 29 November 2023                              (2)

 PRICE PER SECURITY (CENTS)                      740                                           (1)

                                                 High: 505                                     (1)
                                                 Low:744
                                                 Average:745.52

                                                 750                                           (1)

                                                 740                                           (2)
                                                 742.23                                        (2)

 NUMBER OF SECURITIES TRANSACTED                 1 000                                         (1)
                                                 2 000                                         (1)
                                                 1 000                                         (1)

                                                 5 000                                         (2)
                                                 3 000                                         (2)

 TOTAL RAND VALUE OF SECURITIES                  R7 400.00                                     (1)
 TRANSACTED                                      R14 904.97                                    (1)
                                                 R7 500.00                                     (1)
                                                 R37 000.00                                    (2)
                                                 R22 266.90                                    (2)

 NAME OF ASSOCIATE                               Rosvest Proprietary Limited                   (1)

                                                 Evlah Investments Proprietary Limited         (2)

 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                   (1)

                                                 Director is a director of the
                                                 associate and a beneficiary and trustee of the
                                                 associate's sole shareholder                   (2)

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial                           (1-2)
 THE TRANSACTIONS


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
1 December 2023

Sponsor
PSG Capital

Date: 01-12-2023 10:45:00
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