| Thu 23 Oct 2025, 10:15 | | SPEAR REIT LIMITED - Category 2 Acquisition Of Consani Industrial Park, Elsie’s River Industria – Fulfilment Of Condition Precedent |
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Category 2 Acquisition Of Consani Industrial Park, Elsie’s River Industria – Fulfilment Of Condition Precedent
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")
CATEGORY 2 ACQUISITION OF CONSANI INDUSTRIAL PARK, ELSIE'S RIVER INDUSTRIA –
FULFILMENT OF CONDITION PRECEDENT
Shareholders are referred to the announcement published on SENS on 25 July 2025 ("Announcement"),
regarding the acquisition by Spear of the properties known as the Remainder of Erf 21212, Erf 13336 and
Erf 13337, Goodwood, in the City of Cape Town, with all improvements thereon ("Property"), and the rental
enterprise known as the "Consani Industrial Park" conducted on the Property, as a going concern
("Acquisition").
As stated in the Announcement, the Acquisition was subject to the condition precedent, requiring the approval
of the applicable competition authorities in terms of the Competition Act, No. 89 of 1998 ("Competition
Authorities"). Shareholders are advised that on 22 October 2025, the Competition Authorities unconditionally
approved the Acquisition and that the condition precedent has now been fulfilled.
Accordingly, the Acquisition has become unconditional and will be effective on the date of registration of
transfer of the Property, which is anticipated to be during the month of December 2025.
Cape Town
23 October 2025
Sponsor and Transaction Adviser Competition Law Adviser
PSG Capital Cliffe Dekker Hofmeyr
Date: 23-10-2025 10:15:00
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