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 DIRECTORS 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 Purchase of shares by an associate of the director (on-market transactions) (1) Purchase of shares by an associate of the director (on-market transaction) (2) Purchase of shares by an associate of the director (on-market transaction) (3) DATES OF TRANSACTIONS 19 November 2021 (1) 22 November 2021 (1) 22 November 2021 (2) 22 November 2021 (3) PRICE PER SECURITY (CENTS) High:738 (1) Low:735 Average:736.50 High:725 (1) Low:699 Average:706.52 724 (2) 724 (3) NUMBER OF SECURITIES TRANSACTED 1000 (1) 5200 (1) 4000 (2) 4000 (2) TOTAL RAND VALUE OF SECURITIES R7 365.00 (1) TRANSACTED R36 738.97 (1) R28 960.00 (2) R28 960.00 (2) NAME OF ASSOCIATES Rosvest Proprietary Limited (1) Miss ERF Rossi (2) Miss EE Rossi (3) 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) Minor child (2) Minor child (3) NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial (1) TRANSACTION Indirect, non-beneficial (2) Indirect, non-beneficial (3) 2. NAME OF DIRECTOR Christiaan Barnard COMPANY OF WHICH A DIRECTOR Spear REIT Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by an associate of the director (on-market transaction) DATE OF TRANSACTION 23 November 2021 PRICE PER SECURITY (CENTS) 704.96 NUMBER OF SECURITIES TRANSACTED 30 000 TOTAL RAND VALUE OF SECURITIES R211,488.00 TRANSACTED NAME OF ASSOCIATE CBJB Investments Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director and a shareholder of the associate NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 24 November 2021 Sponsor PSG Capital Date: 24-11-2021 03:00:00 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.