SPEAR REIT LIMITED - Dealing in Shares by an Associate of a Director

Dealing in Shares by an Associate 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")

DEALING IN SHARES BY AN ASSOCIATE OF A DIRECTOR

In compliance with the JSE Listings Requirements, details of the dealings in securities by an associate of Quintin
Michael Rossi ("Director") are disclosed in the table below.

The associate, which is a family investment vehicle acting for family members other than just the Director, disposed
of the Spear shares held by it, solely for purposes broader restructuring need from various family members. These
dealings do not materially impact the Director's aggregate (direct and indirect) beneficial shareholding in Spear

The sale of shares despite the sale not being a 100% owned entity by the Director does not materially dilute the
Director's long-term investment and holding withing the Company. Post the share sale of broader family interests
the director via its various solely controlled family entities retains 8 682 358 shares.

The Director controlled holding equates to 1.68% of Company post the sale of shares.

 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 DEALING                                    Disposal of shares by an associate of the director
                                                      (on-market dealing)

 DATES OF DEALING                                     2 July 2026

 PRICE PER SECURITY (CENTS)                           High:1 324
                                                      Low: 1 322
                                                      Average:1 322.30

 NUMBER OF SECURITIES TRANSACTED                      37 812

 TOTAL RAND VALUE OF SECURITIES                       R499 979.92
 TRANSACTED

 NAME OF ASSOCIATE                                    Rosvest Proprietary Limited

 RELATIONSHIP WITH DIRECTOR                           Director is a director of the associate, a director of a
                                                      shareholder of the associate and a beneficiary and trustee
                                                      of the ultimate shareholder of the associate

 NATURE AND EXTENT OF INTEREST IN THE                 Indirect, beneficial
 DEALING

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

Cape Town
6 July 2026

Sponsor
PSG Capital

Date: 06-07-2026 05:15:00
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.