SPEAR REIT LIMITED - Changes to the Board of Directors of Spear

Changes to the Board of Directors of Spear

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")

CHANGES TO THE BOARD OF DIRECTORS OF SPEAR

In accordance with paragraph 3.59 of the JSE Listings Requirements, the board of directors of the
Company ("Board") wishes to advise that Ms Joan Solms ("Joan") has been appointed as an
independent non-executive director and member of the audit and risk committee of Spear, with effect
from 01 April 2025.

Joan is a chartered accountant with over 20 years' experience in property and investment banking.
She served as an executive vice president of Standard Bank's Corporate and Investment Banking
division, heading up the Western Cape Real Estate Finance division, until November 2024. Prior to
that, Joan was appointed as an executive director and chief operating officer of Ingenuity Property
Investments Limited, a property investment company which, at the time, was listed on the JSE.

In 2017, Joan won the Women's Property Network award for professional of the year in the private
sector, in recognition of her achievements and contribution to the South African property sector. With
her extensive expertise and experience in the Western Cape property market, Joan will be a valuable
addition to the Spear Board.

Spear Chairman Mr. Abubaker Varachhia on behalf of the Board of Directors welcomes Joan and
looks forward to her contribution to the future growth and development of Spear.

Cape Town
17 March 2025

Sponsor
PSG Capital

Date: 17-03-2025 11:30:00
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