Dealings in Shares by Associates of a Director and a Prescribed Officer 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”) DEALINGS IN SHARES BY ASSOCIATES OF A DIRECTOR AND A PRESCRIBED OFFICER OF THE COMPANY 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 Disposal of shares by an (1) associate of the director (on-market transaction) Purchase of shares by an (2) associate of the director (on-market transaction) The disposal of shares and purchase was due to an interal share restructure and for the settlement of tax obligations. DATES OF TRANSACTIONS 19 August 2021 (1) 20 August 2021 (2) PRICE PER SECURITY (CENTS) 645 (1) High: 647 Low: 645 Average: 645 .52 (2) NUMBER OF SECURITIES TRANSACTED 100 000 (1) 25 240 (2) TOTAL RAND VALUE OF SECURITIES R645 000.00 (1) TRANSACTED R162 929.00 (2) NAME OF ASSOCIATE Evlah Investments (1) Proprietary Limited Rosvest Proprietary Limited (2) RELATIONSHIP WITH DIRECTOR Director is a director of the (1) associate and a beneficiary and trustee of the associate’s sole shareholder Director is a director of the associate, (2) a director of a shareholder of the associate and a beneficiary and trustee of ultimate shareholder of the associate NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial (1-2) TRANSACTIONS 2. NAME OF PRESCRIBED OFFICER Clifford Wade Toerien COMPANY OF WHICH A PRESCRIBED OFFICER Spear REIT Limited TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Disposal of shares by a prescribed officer (on-market transaction) DATE OF TRANSACTION 19 August 2021 PRICE PER SECURITY (CENTS) 645 NUMBER OF SECURITIES TRANSACTED 55 000 TOTAL RAND VALUE OF SECURITIES R354 750.00 TRANSACTED NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 23 August 2021 Sponsor PSG Capital Date: 23-08-2021 05:05:00 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.