SPEAR REIT LIMITED - Acceptance Of Awards By Directors And A Prescribed Officer In Terms Of The Spear REIT Limited Conditional Share Plan

Acceptance Of Awards By Directors And A Prescribed Officer In Terms Of The Spear REIT Limited Conditional Share Plan

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”)

ACCEPTANCE OF AWARDS BY DIRECTORS AND A PRESCRIBED OFFICER IN TERMS
OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN (“CSP”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of conditional awards of Spear shares 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 TRANSACTION              Off-market acceptance of conditional
                                   awards in terms of the CSP

DATE OF ACCEPTANCE OF AWARDS       6 July 2020

AWARD DATE                         1 July 2020

AWARD PRICE PER SECURITY (CENTS)   Zero cost

NUMBER OF AWARDS ACCEPTED          252 000

DEEMED VALUE                       R1 625 400

VESTING DATES OF AWARDS            30 June 2024

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION

2.
NAME OF DIRECTOR                   Christiaan Barnard

COMPANY OF WHICH A DIRECTOR        Spear REIT Limited

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Ordinary shares

NATURE OF TRANSACTION              Off-market acceptance of conditional
                                   awards in terms of the CSP

DATE OF ACCEPTANCE OF AWARDS       6 July 2020

AWARD DATE                         1 July 2020

AWARD PRICE PER SECURITY (CENTS)   Zero cost

NUMBER OF AWARDS ACCEPTED          252 000

DEEMED VALUE                       R1 625 400

VESTING DATES OF AWARDS            30 June 2024

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION

3.
NAME OF PRESCRIBED OFFICER         Clifford Wade Toerien

COMPANY OF WHICH A PRESCRIBED      Spear REIT Limited
OFFICER

TYPE AND CLASS OF SECURITIES       Ordinary shares

NATURE OF TRANSACTION              Off-market acceptance of conditional
                                   awards in terms of the CSP

DATE OF ACCEPTANCE OF AWARDS       6 July 2020

AWARD DATE                         1 July 2020

AWARD PRICE PER SECURITY (CENTS)   Zero cost

NUMBER OF AWARDS ACCEPTED          252 000

DEEMED VALUE                       R1 625 400

VESTING DATES OF AWARDS            30 June 2024

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION

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

Cape Town
6 July 2020

Sponsor
PSG Capital

Date: 06-07-2020 01:30:00
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