Dealings By Associates Of A Director 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”) DEALINGS BY ASSOCIATES OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealings in securities is disclosed: NAME OF DIRECTOR Quintin Michael Rossi COMPANY OF WHICH A DIRECTOR Spear REIT Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTIONS Purchase of shares by an associate of the director (on-market transactions) (1) Purchase of shares by an associate of the director (on-market transactions) (2) Purchase of shares by an associate of the director (on-market transaction) (3) Purchase of shares by an associate of the director (on-market transaction) (4) DATES OF TRANSACTIONS 14 January 2022 (1) 14 January 2022 (2) 17 January 2022 (2) 18 January 2022 (2) 17 January 2022 (3) 18 January 2022 (3) 17 January 2022 (4) 18 January 2022 (4) PRICE PER SECURITY (CENTS) 840 (1) High:840 (2) Low:830 Average:835.50 High:890 (2) Low:850 Average:863.38 High:850 (2) 850 (3) 850 (3) 850 (4) 850 (4) NUMBER OF SECURITIES TRANSACTED 6900 (1) 500 (2) 1106 (2) 1000 (2) 580 (3) 2650 (3) 580 (4) 2650 (4) TOTAL RAND VALUE OF SECURITIES R57 940.00 (1) TRANSACTED R4 177.50 (2) R9 549.00 (2) R8 500.00 (2) R4 930.00 (3) R22 525.00 (3) R4 930.00 (4) R22 525.00 (4) NAME OF ASSOCIATES Rosvest Proprietary Limited (1) Evlah Investments Proprietary Limited (2) Miss EE Rossi (3) Miss EFR Rossi (4) RELATIONSHIP WITH DIRECTOR Director is a director of the associate, a director of a shareholder of the associate and a beneficiary and trustee of ultimate shareholder of the associate (1) Director is a director of the associate and a beneficiary and trustee of a shareholder of the associate (2) Minor child (3) Minor child (4) NATURE AND EXTENT OF INTEREST IN THE Indirect, beneficial (1) TRANSACTIONS Indirect, beneficial (2) Indirect, non-beneficial (3) Indirect, non-beneficial (4) Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 19 January 2022 Sponsor PSG Capital Date: 19-01-2022 05:15:00 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.