SPEAR REIT LIMITED - Results Of The Annual General Meeting

Results Of The Annual General Meeting

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")


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
11:00 a.m. today, Monday, 30 June 2025 at Spear REIT Limited Head Office, 16th Floor,2
Long Street, Cape Town ("AGM"), all of the resolutions were passed by the requisite
majorities of the Company's shareholders.

Details of the results of the voting at the AGM are as follows:


 Resolutions           Votes for     Votes          Number of     Number of      Number of
 proposed at the       resolution    against        shares        shares         shares
 AGM                   as a          resolution     voted at      voted at       abstained
                       percentage    as a           AGM           AGM as a       as a
                       of total      percentage                   percentage     percentage
                       number of     of total                     of shares in   of shares in
                       shares        number of                    issue*         issue*
                       voted at      shares
                       AGM           voted at
                                     AGM
 Ordinary resolution   99.87%        0.13%          315 010 325    75.93%         0.13%
 number 1:
 Retirement and re-
 election of Mr. B
 Raziya as director


 Ordinary resolution   99.87%        0.13%          315 010 325    75.93%         0.13%
 number 2:
 Retirement and re-
 election of Mr. BL
 Goldberg as
 director


 Ordinary resolution   99.87%        0.13%          315 010 325    75.93%         0.13%
 number 3:
 Retirement and re-
 election of Mr. CS
 McCarthy as
 director


 Ordinary resolution   100.00%       0.00%          315 010 325    75.93%         0.13%
 number 4:
 Confirmation of
 appointment of
 Mrs. J Solms as
 director

Ordinary resolution     87.63%        12.37%         315 010 325   75.93%         0.13%
number 5:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee


Ordinary resolution     99.87%        0.13%          315 010 325   75.93%        0.13%
number 6:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee


Ordinary resolution     99.87%        0.13%          315 010 325    75.93%        0.13%
number 7:
To re-appoint Mr. B
Raziya as member
of the audit and risk
committee


Ordinary resolution     100.00%       0.00%          315 010 325    75.93%        0.13%
number 8:
To appoint Mrs. J
Solms as member
of the audit and risk
committee


Ordinary resolution     100.00%       0.00%          315 010 325    75.93%        0.13%
number 9:
To re-appoint Mrs.
RL Phillips as
member of the
social and ethics
committee


Ordinary resolution     99.87%        0.13%          315 010 325    75.93%       0.13%
number 10:
To re-appoint Mr.
BL Goldberg as
member of the
social and ethics
committee


Ordinary resolution     99.87%        0.13%           315 010 325   75.93%       0.13%
number 11:
To re-appoint Mr. B
Raziya as member
of the social and
ethics committee


Ordinary resolution     100.00%       0.00%           315 010 325   75.93%       0.13%
number 12:
To re-appoint Mr
QM Rossi as
member of the
social and ethics
committee


Ordinary resolution    98.56%         1.44%           315 010 325    75.93%      0.13%
number 13:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company


Ordinary resolution    90.44%         9.56%           315 010 325     75.93%     0.13%
number 14:
Non-binding
advisory vote on
Spear's
remuneration policy


Ordinary resolution    98.87%          1.13%          315 010 325    75.93%     0.13%
number 15:
Non-binding
advisory vote on
Spear's
implementation
report on the
remuneration policy


Ordinary resolution    91.31%          8.69%          315 010 325    75.93%     0.13%
number 16:
General authority to
issue ordinary
shares for cash


Ordinary resolution    84.26%          15.74%         315 010 325    75.93%     0.13%
number 17:
Amendments to the
rules of the Spear
REIT Limited
Conditional Share
Plan


Special resolution     92.34%           7.66%         315 010 325    75.93%     0.13%
number 1:
Remuneration of
non-executive
Chairman of the
board


Special resolution     92.73%           7.27%         293 867 148     70.83%    5.22%
number 2:
Remuneration of
non-executive
 Deputy Chairman
 of the board
 Special resolution     99.86%          0.14%         315 010 325     75.93%    0.13%
 number 3:
 Remuneration of
 Chairman of a
 committee of the
 board


 Special resolution     99.87%          0.13%         315 010 325     75.93%     0.13%
 number 4:
 Remuneration of
 Chairman of a
 committee of the
 board


 Special resolution     92.34%           7.66%        315 010 325      75.93%     0.13%
 number 5:
 Remuneration of
 member of the
 board


 Special resolution     97.36%           2.64%         315 010 325     75.93%    0.13%
 number 6:
 Inter-company
 financial assistance


 Special resolution     96.28%           3.72%          315 010 325    75.93%    0.13%
 number 7:
 Financial
 assistance for
 acquisition of
 shares in the
 company or a
 related or inter-
 related company


 Special resolution     98.87%           1.13%          315 010 325    75.93%    0.13%
 number 8:
 Share repurchases
 by Spear and its
 subsidiaries


 Special resolution     100.00%          0.00%           314 870 910   75.89%    0.16%
 number 9:
 Amendments to the
 Company
 memorandum of
 incorporation

Note:
*Total number of shares in issue as at the date of the AGM was 414 886 976 of which
19 665 353 were treasury shares.

Cape Town
30 June 2025

Sponsor
PSG Capital

Date: 30-06-2025 01:00:00
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