Notice Of Results For The 4 Months Ended 28 February 2017 SPEAR REIT LIMITED (previously Arrow 2 Investments Proprietary Limited) Incorporated in the Republic of South Africa Registration number 2015/407237/06 Share Code: SEA, ISIN ZAE000228995 Approved as a REIT by the JSE (“Spear” or “the Company”) NOTICE OF RESULTS FOR THE 4 MONTHS ENDED 28 FEBRUARY 2017 Spear will announce its results for the 4 months ended 28 February 2017 on Wednesday, 17 May 2017. A lunchtime presentation for shareholders and analysts will be held at Double Tree by Hilton at Upper Eastside, 31 Brickfield Road, Woodstock, Cape Town at 13h00 on Wednesday, 17 May 2017. Shareholders and analysts that are not able to attend in person can log into the webcast presentation will take place at 13h00 on Wednesday, 17 May 2017, registration for which can be accessed via the following link: http://www.corpcam.com/Spear17052017. For more details on the above please contact David Tosi, Willie Honeyball, or Thulani Madinginye of PSG Capital at the contact details below. Shareholders and analysts are advised that a copy of the results presentation will be available on the Company´s website (www.spearprop.co.za) from Wednesday, 17 May 2017, following the publication of the results on SENS. 16 May 2017 Cape Town Designated adviser: PSG Capital For further information please contact: PSG Capital David Tosi davidt@psgcapital.com Tel: +27 (0)21-887 9602 Willie Honeyball willieh@psgcapital.com Tel: +27 (0)21-887 9602 Thulani Madinginye thulanim@psgcapital.com Tel: +27 (0)21-887 9602 Date: 16/05/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.