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 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.