SPEAR REIT LIMITED - Dealings in Shares by Associates of a Director

Dealings in Shares 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 IN SHARES 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 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)        (1-3)

 DATES OF TRANSACTIONS                           20 October 2025                 (1)
                                                 22 October 2025                 (2)
                                                 23 October 2025                 (3)

 PRICE PER SECURITY (CENTS)                      1 120                           (1)
                                                 1 125                           (2)
                                                 1 115                           (3)

 NUMBER OF SECURITIES TRANSACTED                 2 000                           (1)
                                                 1 200                           (2)
                                                 1 200                           (3)

 TOTAL RAND VALUE OF SECURITIES                  R22 400.00                      (1)
 TRANSACTED                                      R13 500.00                      (2)
                                                 R13 380.00                      (3)

 NAME OF ASSOCIATE                               Rosvest Proprietary Limited     (1-3)

 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                   (1-3)

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial            (1-3)
 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 TRANSACTIONS                         Purchase of shares by an associate of
                                                the director (on-market transactions) (1-2)

 DATES OF TRANSACTIONS                          22 October 2025                        (1)
                                                23 October 2025                        (2)

 PRICE PER SECURITY (CENTS)                     1 122.50                               (1)
                                                1 100                                  (2)

 NUMBER OF SECURITIES TRANSACTED                3 000                                  (1)
                                                1 350                                  (2)

 TOTAL RAND VALUE OF SECURITIES                 R33 675.00                             (1)
 TRANSACTED                                     R14 850.00                             (2)

 NAME OF ASSOCIATE                              Evlah Investments Proprietary Limited
                                                                                     (1-2)

 RELATIONSHIP WITH DIRECTOR                     Director is a director of the associate and
                                                a beneficiary and trustee of the
                                                associate's sole shareholder          (1-2)

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


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

Cape Town
24 October 2025

Sponsor
PSG Capital

Date: 24-10-2025 05:00:00
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.