SPEAR REIT LIMITED - Dealings by Associates of a Director

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, the
following information regarding the dealings in securities by associates 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)       (1-2)

 DATE OF TRANSACTIONS                             16 November 2023                               (1)
                                                  17 November 2023                               (2)

 PRICE PER SECURITY                               R7.44                                          (1)
                                                  R7.40                                          (2)

 NUMBER OF SECURITIES TRANSACTED                  4 000                                         (1)
                                                  3 000                                         (2)

 TOTAL RAND VALUE OF SECURITIES                   R29 760.00                                    (1)
 TRANSACTED                                       R22 200.00                                    (2)

 NAME OF ASSOCIATE                                Rosvest Proprietary Limited                 (1-2)

 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                 (1-2)

 NATURE AND EXTENT OF INTEREST IN                 Indirect, beneficial                        (1-2)
 THE TRANSACTIONS


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 TRANSACTION                           Purchase of shares by an associate of the
                                                 director
                                                 (on-market transaction)

 DATE OF TRANSACTION                             20 November 2023

 PRICE OF SECURITY                               High: R7.70
                                                 Low: R7.68
                                                 Average: R7.6988

 NUMBER OF SECURITIES TRANSACTED                 2 000

 TOTAL RAND VALUE OF SECURITIES                  R15 397.60
 TRANSACTED

 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                Indirect, beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
21 November 2023

Sponsor
PSG Capital

Date: 21-11-2023 03:25:00
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