SPEAR REIT LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

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 ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting of the Company held at
11:00 a.m. today, Friday, 31 July 2026 at Spear REIT Limited Head Office, 2nd Floor, Unit 1,
No1 Waterhouse, Century City ("AGM"), all of the resolutions were passed by the requisite
majorities of the Company's shareholders.

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

 Resolutions             Votes for    Votes         Number of     Number of      Number of
 proposed at the         resolution   against       shares        shares         shares
 AGM                     as a         resolution    voted at      voted at       abstained
                         percentage   as a          AGM           AGM as a       as a
                         of total     percentage                  percentage     percentage
                         number of    of total                    of shares in   of shares in
                         shares       number of                   issue*         issue*
                         voted at     shares
                         AGM          voted at
                                      AGM
Ordinary resolution     94.36%       5.64%         413 827 981   79.95%         0.09%
number 1:
Retirement and re-
election of Mr. MN
Flax as director

Ordinary resolution     94.41%       5.59%         413 827 981   79.95%         0.09%
number 2:
Retirement and re-
election of Mr. A
Varachhia as
director

Ordinary resolution     80.33%       19.67%        413 827 981   79.95%         0.09%
number 3:
Retirement and re-
election of Mr. JE
Allie as director

Ordinary resolution     75.71%       24.29%        410 034 584   79.22%         0.82%
number 4:
To re-appoint Mr.
JE Allie as member
of the audit and risk
committee

Ordinary resolution     77.83%       22.17%        413 827 981   79.95%         0.09%
number 5:
To re-appoint Mr.
BL Goldberg as
member of the
audit and risk
committee

Ordinary resolution     99.95%       0.05%         413 827 981   79.95%         0.09%
number 6:
To re-appoint Mr. B
Raziya as member
of the audit and risk
committee

Ordinary resolution     100%         0.00%        413 827 981    79.95%         0.09%
number 7:
To re-appoint Mrs.
J Solms as
member of the
audit and risk
committee

Ordinary resolution     100%         0.00%        413 827 981    79.95%         0.09%
number 8:
To re-appoint Dr. R
Phillips as member
of the social and
ethics committee

Ordinary resolution     99.78%       0.22%        413 827 981    79.95%          0.09%
number 9:
To re-appoint Mr.
BL Goldberg as
member of the
social and ethics
committee

Ordinary resolution     100%         0.00%        413 827 981   79.95%           0.09%
number 10:
To re-appoint Mr. B
Raziya as member
of the social and
ethics committee

Ordinary resolution     100%         0.00%        413 827 981   79.95%           0.09%
number 11:
To re-appoint Mr
QM Rossi as
member of the
social and ethics
committee

Ordinary resolution     75.47%       24.53%       405 041 851   78.26%           0.09%
number 12:
To re-appoint BDO
South Africa
Incorporated as the
auditor of the
company

Ordinary resolution    93.71%        6.29%        413 827 981   79.95%           0.09%
number 13:
To approve Spear's
remuneration policy

Ordinary resolution    95.28%        4.72%         413 827 981   79.95%          0.09%
number 14:
To approve Spear's
remuneration report

Ordinary resolution    85.65%        14.35%         413 827 981   79.95%         0.09%
number 15:
General authority to
issue ordinary
shares for cash

Ordinary resolution    95.81%        4.19%          413 827 981   79.95%         0.09%
number 16:
General authority to
repurchase shares

Special resolution     90.33%        9.67%          413 826 947   79.95%         0.09%
number 1:
Remuneration of
non-executive
Chairman of the
board

Special resolution     89.15%        10.85%         413 826 947   79.95%        0.09%
number 2:
Remuneration of
non-executive
Deputy Chairman
of the board

Special resolution     96.10%        3.90%          413 826 947   79.95%        0.09%
number 3:
Remuneration of
Chairman of a
committee of the
board

Special resolution     96.10%        3.90%          413 826 947   79.95%        0.09%
number 4:
Remuneration of
member of a
committee of the
board

Special resolution     95.68%        4.32%          410 786 947   79.37%        0.09%
number 5:
Remuneration of
member of the
board

Special resolution     88.48%       11.52%         413 826 947   79.95%         0.09%
number 6:
Inter-company
financial assistance

Special resolution     94.33%       5.67%          413 827 981   79.95%         0.09%
number 7: 
Financial
assistance for
acquisition of
shares in the
company or a
related or inter-
related company

Note:
*Total number of shares in issue as at the date of the AGM was 517 589 651 of which 12 868
464 were treasury shares.

Cape Town
31 July 2026

Sponsor
PSG Capital

Date: 31-07-2026 02:00:00
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