SPEAR REIT LIMITED - Dealings by Associates of Directors

Dealings by Associates of Directors

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 ASSOCIATES OF DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealings in securities by associates of directors is disclosed:

1.
 NAME OF DIRECTOR                                 Quintin Michael Rossi

 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)

 DATE OF TRANSACTIONS                             23 January 2024                                (1)
                                                  24 January 2024                                (2)

 PRICE PER SECURITY                               R8.65                                          (1)

                                                  High:R8.64                                     (2)
                                                  Low: R8.49
                                                  Average: R8.58

 NUMBER OF SECURITIES TRANSACTED                  2 350                                          (1)
                                                  994                                            (2)

 TOTAL RAND VALUE OF SECURITIES                   R20 327.50                                     (1)
 TRANSACTED                                       R8 524.55                                      (2)

 NAME OF ASSOCIATE                                Rosvest Proprietary Limited                  (1-2)

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

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

2.
 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                              24 January 2024

 PRICE PER SECURITY                               R8.35

 NUMBER OF SECURITIES TRANSACTED                  25 000

 TOTAL RAND VALUE OF SECURITIES                   R208 750.00
 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
26 January 2024

Sponsor
PSG Capital

Date: 26-01-2024 05:15:00
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