Dealing 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")

DEALING 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 dealing in securities 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 TRANSACTION                           Purchase of shares by an associate of
                                                 the director
                                                 (on-market transaction)

 DATE OF TRANSACTION                             15 November 2023

 PRICE PER SECURITY (CENTS)                      750

 NUMBER OF SECURITIES TRANSACTED                 9 415

 TOTAL RAND VALUE OF SECURITIES                  R70 612.50
 TRANSACTED

 NAME OF ASSOCIATE                               CBJB Investments Proprietary Limited

 RELATIONSHIP WITH DIRECTOR                      Director is a director and a shareholder of
                                                 the associate

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

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

Cape Town
16 November 2023

Sponsor
PSG Capital

Date: 16-11-2023 10:00:00
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