Distribution Of Integrated Report, No Change Statement And Notice Of 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”) DISTRIBUTION OF INTEGRATED REPORT, NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING DISTRIBUTION OF INTEGRATED REPORT AND NO CHANGE STATEMENT Shareholders are hereby advised that Spear’s integrated report, containing the audited consolidated annual financial statements for the year ended 29 February 2020, was distributed to shareholders today, 26 June 2020, and contains no modifications to the reviewed results which were announced on SENS on 14 May 2020. The integrated report is also available at https://spearprop.co.za/integrated-report-2020/ NOTICE OF ANNUAL GENERAL MEETING OF SPEAR Notice is hereby given that the annual general meeting (“AGM”) of Spear will be held at 11:00, on Friday, 24 July 2020 at 15 on Orange, Autograph Collection, Cnr Grey’s Pass and Orange Street, Cape Town, to transact the business as set out in the notice of the AGM. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 17 July 2020, with the last day to trade being Tuesday, 14 July 2020. Cape Town 26 June 2020 Sponsor PSG Capital Date: 26-06-2020 01:15:00 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.