Funding Transaction By A Director Of The Company 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”) FUNDING TRANSACTION BY A DIRECTOR OF THE COMPANY 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: NAME OF DIRECTOR Christiaan Barnard COMPANY OF WHICH A DIRECTOR Spear REIT Limited STATUS: EXECUTIVE Executive DATE OF TRANSACTION 6 August 2021 NATURE OF TRANSACTION Loan funding TERM OF LOAN FUNDING No fixed term AMOUNT OF LOAN FUNDING R1 450 000 NUMBER OF SECURITIES OFFERED AS 308 506* SECURITY, GUARANTEE, COLLATERAL OR OTHERWISE VALUE OF SECURITIES OFFERED AS R2 017 629.24** SECURITY, GUARANTEE, COLLATERAL OR OTHERWISE DEEMED VALUE PER SECURITY R6.54 TYPE AND CLASS OF SECURITIES Ordinary shares ON MARKET /OFF MARKET Off-market NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION * The director has provided additional collateral to supplement the 308 506 Spear shares. ** Value of the Spear shares subject to the loan funding. Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 11 August 2021 Sponsor PSG Capital Date: 11-08-2021 05:00:00 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.