SPEAR REIT LIMITED - Competition Commission Approval of Category 2 Acquisition of 1 Sportica Crescent, Tygervalley

Competition Commission Approval of Category 2 Acquisition of 1 Sportica Crescent, Tygervalley

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")

COMPETITION COMMISSION APPROVAL OF CATEGORY 2 ACQUISITION OF 1 SPORTICA
CRESCENT, TYGERVALLEY

Shareholders are referred to the announcement published on SENS on 21 May 2026 ("Announcement"),
regarding the acquisition by Spear of the three office buildings and all other improvements situated on
Erf 32140, Bellville, 1 Sportica Crescent ("Property"), and the rental enterprise conducted on the Property, as
a going concern ("Acquisition").

As stated in the Announcement, the Acquisition was subject to the condition precedent requiring the approval
of the applicable competition authorities in terms of the Competition Act, No. 89 of 1998 ("Competition
Authorities"). Shareholders are advised that on 14 July 2026, the Competition Authorities unconditionally
approved the Acquisition and that the condition precedent has now been fulfilled.

Accordingly, the Acquisition has become unconditional and will be effective on the date of registration of
transfer of the Property, which is anticipated to be during the month of September 2026.

Cape Town
14 July 2026

Sponsor and Transaction Advisor                               Competition Law Advisor to Spear
PSG Capital                                                   Vani Chetty Competition Law (Pty) Ltd

Date: 14-07-2026 04:40:00
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