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 A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, details of the dealings in securities by associates of Quintin Michael Rossi (“Director”) are disclosed in the tables below. Two associates of the Director, namely Evlah Investments Proprietary Limited (“Evlah”) and Stretsons Capital Limited (“Stretsons”), acquired Spear shares in various on market transactions. In addition to such acquisitions, Evlah transferred a number of Spear shares held by it to Stretsons, as part of an internal restructuring of the Director’s family investment portfolio, solely for purposes of estate planning, which transfer does not affect the aggregate shareholding of the Director and his associates in Spear. 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 (1) Purchase of shares by an associate of the director (on-market transactions) (2) Purchase of shares by an associate of the director from another associate of the director (off-market transaction) DATE OF TRANSACTIONS 27 June 2023 PRICE OF SECURITY (1) Average: R7.1629 High: R7.24 Low: R7.15 (2) R7.23 NUMBER OF SECURITIES TRANSACTED (1) 6 500 (2) 9 305 TOTAL RAND VALUE OF SECURITIES (1) R46 558.56 TRANSACTED (2) R67 275.15 NAME OF ASSOCIATE Stretsons Capital Limited a Global Business Company incorporated under the laws of the Republic of Mauritius RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a beneficiary of the associate’s sole shareholder NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial TRANSACTION 2. 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 (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) Sale of shares by an associate of the director to another associate of the director (on-market transaction) DATES OF TRANSACTIONS (1) 23 June 2023 (2) 27 June 2023 (3) 27 June 2023 PRICE PER SECURITY (1) R7.25 (2) R7.15 (3) R7.23 NUMBER OF SECURITIES TRANSACTED (1) 1 655 (2) 5 000 (3) 9 305 TOTAL RAND VALUE OF SECURITIES (1) R11 998.75 TRANSACTED (2) R35 750.00 (3) R67 275.15 NAME OF ASSOCIATE Evlah Investments Proprietary Limited RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a beneficiary and trustee of the associate’s sole shareholder NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 29 June 2023 Sponsor PSG Capital Date: 29-06-2023 01:20:00 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.