SPEAR REIT LIMITED - Appointment of Director

Appointment of 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”)

APPOINTMENT OF DIRECTOR

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board”) wishes to advise that Bongani Raziya (“Bongani”),
has been appointed as an independent non-executive director, and as member of the social
and ethics, audit and risk, remuneration and investment committees of Spear, with immediate
effect.

Bongani is a lawyer with more than 20 years’ experience in the retail sector. He currently holds
various board positions in the oil, gas and mining sectors and has established various highly
successful ventures as a dynamic entrepreneur with a good understanding of the general real
estate sector, given the direct real estate investments he has made across the Western Cape
over the last decade. Bongani is the founder and a director of Rwenzori Rare Metals which,
through an international consortium made up of Rwenzori Rare Metals, Australian and
Ugandan mining investors, owns the Makuutu rare earth mine in Uganda. He is also the
founder and largest independent shareholder of Burgan Cape Terminals and co-establisher
of Wonderfontein Coal and founder and a director of Manaus Capital a BEE real estate
investment holding company.

The Board welcomes Bongani and looks forward to his contribution to the Company.

Cape Town
8 February 2023

Sponsor
PSG Capital

Date: 08-02-2023 01:00:00
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