SPEAR REIT LIMITED - Change In Audit Firm Due To Merger

Change In Audit Firm Due To Merger

SPEAR REIT 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”)

CHANGE IN AUDIT FIRM DUE TO MERGER

Shareholders are advised in terms of paragraph 3.78 of the JSE
Listings Requirements that the Company has been informed by its
audit firm that there has been a change in its network firm from
Grant Thornton Cape Inc. to BDO, as a result of the merger of
BDO South Africa and Grant Thornton Cape Town. Accordingly, with
effect from 1 March 2018, the audit firm of the Company is now
BDO, however the designated audit partner has remained
unchanged. The change in audit firm was initiated by the audit
firm as a result of the aforementioned merger.

The Audit Committee will in due course follow the process
detailed in paragraph 3.84(g)(iii) of the JSE Listings
Requirements relating to BDO. This process will be completed
before the audit firm signs its next audit report. It is
important to note, that whilst the designated audit partner has
remain unchanged, the Audit Committee must request and consider
the separate information about the receiving audit firm, as the
Company is deemed to be appointing BDO for the first time.

Cape Town
2 March 2018

Sponsor
PSG Capital

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