SPEAR REIT LIMITED - Distribution of Circular and Form of Election

Distribution of Circular and Form of Election

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”)

DISTRIBUTION OF CIRCULAR AND FORM OF ELECTION

Shareholders are referred to the short form announcement regarding the unaudited interim
results and dividend declaration for the six months ended 31 August 2020 (“Short Form
Announcement”) released by Spear on Friday, 30 October 2020 in terms of which
shareholders were, inter alia, advised that the directors of Spear resolved to declare an interim
gross dividend of 29.34465 cents per share, with a dividend reinvestment alternative
(“Dividend Reinvestment Alternative”) .

A circular setting out the details of the Dividend Reinvestment Alternative, together with a form
of election, has been distributed to shareholders today, Tuesday, 3 November 2020, in
accordance with the salient dates and times set out in the Short Form Announcement.

The circular is available in English only. Copies of the circular may be obtained during normal
business hours from the registered office of the Company and from the offices of the
Company’s sponsor, PSG Capital. A copy of the circular may also be found on Spear’s website
(https://spearprop.co.za/pdf/investor-relations/Spear_DRIP_Circular.pdf).

Cape Town
3 November 2020

Sponsor
PSG Capital

Date: 03-11-2020 01:00:00
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