Category 1 Acquisition Of Emira Western Cape Real Estate Portfolio – Competition Authorities Approval 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 1 ACQUISITION OF EMIRA WESTERN CAPE REAL ESTATE PORTFOLIO – COMPETITION AUTHORITIES APPROVAL Shareholders are referred to the proposed acquisition by Spear of the Western Cape property portfolio of Emira Property Fund Limited ("Acquisition"), as announced by the Company on SENS on 2 April 2024 and 23 May 2024. Further details of the Acquisition are set out in the circular ("Circular") which was distributed to shareholders on 2 July 2024. As stated in the Circular, the Acquisition was subject to the approval of the applicable competition authorities in terms of the Competition Act, No. 89 of 1998 ("Competition Authorities"). Shareholders are advised that on 16 July 2024, the Competition Authorities approved the Acquisition, subject to certain conditions, which have been accepted by Spear. The Acquisition is still subject to the remaining outstanding conditions precedent listed in the Circular. Cape Town 17 July 2024 Sponsor and Transaction Adviser PSG Capital Date: 17-07-2024 04:45:00 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.