Dealings 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")

DEALINGS BY AN ASSOCIATE 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 by an associate of a director is disclosed:

 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 TRANSACTIONS                              Purchase of shares by an associate of the director
                                                     (on-market transactions)                       (1-2)

 DATES OF TRANSACTIONS                               10 June 2025                                   (1)
                                                     11 June 2025                                   (2)

 PRICE PER SECURITY                                  1 064 cents                                    (1)
                                                     1 030 cents                                    (2)

 NUMBER OF SECURITIES TRANSACTED                     10 000                                         (1)
                                                     10 000                                         (2)

 TOTAL RAND VALUE OF SECURITIES                      R106 400.00                                    (1)
 TRANSACTED                                          R103 000.00                                    (2)

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

 RELATIONSHIP WITH DIRECTOR                          Director is a director and a shareholder of
                                                     the associate                                   (1-2)

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

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

Cape Town
12 June 2025

Sponsor
PSG Capital

Date: 12-06-2025 10:00:00
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