Dealing in Shares by a Prescribed Officer of the Company 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 IN SHARES BY A PRESCRIBED OFFICER OF THE COMPANY In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, details of the dealing in securities by a prescribed officer of Spear ("Officer") are disclosed in the table below. The Officer disposed of a number of Spear shares, inter alia, for purposes of estate planning and settling certain financial obligations, which disposal only marginaly reduces the Officer's existing shareholding in Spear. 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 Disposal of shares by a prescribed officer (on-market transaction) DATE OF TRANSACTION 18 January 2024 PRICE PER SECURITY (CENTS) 840 NUMBER OF SECURITIES TRANSACTED 50 000 TOTAL RAND VALUE OF SECURITIES R420 000.00 TRANSACTED 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 19 Janaury 2024 Sponsor PSG Capital Date: 19-01-2024 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.