SPEAR REIT LIMITED - Results of the General Meeting Approving Category 1 Acquisition of Emira Western Cape Real Estate Portfolio

Results of the General Meeting – Approving Category 1 Acquisition of Emira Western Cape Real Estate Portfolio

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")

RESULTS OF THE GENERAL MEETING – APPROVING CATEGORY 1 ACQUISITION OF EMIRA WESTERN
CAPE REAL ESTATE PORTFOLIO

Shareholders are hereby advised that at the general meeting of the Company held at 10:30 today, Wednesday,
31 July 2024 at Spear REIT Limited Head Office, 16th Floor, 2 Long Street, Cape Town ("GM"), the resolution
approving the category 1 acquisition by Spear of the Western Cape property portfolio of Emira Property Fund
Limited ("Acquisition"), was passed by the requisite majority of the Company's shareholders.

Details of the results of the voting at the GM are as follows:

 Resolution             Votes for          Votes against         Number of       Number of          Number of
 proposed at GM         resolution as      resolution as         shares voted    shares voted       shares
                        a percentage       a percentage          at GM           at GM as a         abstained as
                        of total           of total                              percentage of      a percentage
                        number of          number of                             shares in          of shares in
                        shares voted       shares voted                          issue*             issue*
                        at GM              at GM
 Ordinary resolution    100%               0%                    176,322,272     62.28%             0.13%
 number 1: Approval
 of Acquisition

Note:
*Total number of shares in issue as at the date of the GM was 283 091 373 of which 22 493 457 were treasury
shares.

Shareholders are advised that following the approval of the above resolution by shareholders at the GM today,
all the conditions precedent to which the Acquisition was subject, have now been fulfilled. Accordingly, the
Acquisition has become unconditional and will be effective on the date of registration of transfer of the properties
into Spear's name, which is anticipated to be during the month of December 2024.

Cape Town
31 July 2024

Sponsor and Transaction Advisor
PSG Capital

Date: 31-07-2024 11:30:00
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