SEA 201801260009A
Voluntary Trading Update
SPEAR REIT LIMITED
Incorporated in the Republic of South Africa
Registration number 2015/407237/06
Share Code: SEA, ISIN ZAE000228995
Approved as a REIT by the JSE
(“Spear” or “the Company”)
VOLUNTARY TRADING UPDATE
Shareholders are referred to the August 2017 interim results announcement published on 19 October
2017 whereby shareholders were advised that the revised forecast distribution per share for the year
ended 28 February 2018 would be 77 cents.
Shareholders are hereby advised that, despite tough trading conditions in the tourism sector, Spear is
on course to meet or exceed its revised forecast.
The financial information on which this voluntary trading statement is based has not been reviewed
or reported on by Spear’s auditors.
26 January 2018
Cape Town
Designated adviser: PSG Capital Proprietary Limited
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