SPEAR REIT LIMITED - Dealings in Shares by Associates of a Director

Dealings in Shares 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 IN SHARES BY ASSOCIATES OF A DIRECTOR

In compliance with the JSE Listings Requirements, the following information regarding the
dealings in securities is disclosed:

1.
 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 DEALING                  Purchase of shares by an associate of
                                    the director (on-market dealing)

 DATE OF DEALING                    27 May 2026


 PRICE PER SECURITY                 High: R14.00
                                    Low: R13.95
                                    Average: R13.99

 NUMBER OF SECURITIES TRANSACTED    7 590

 TOTAL RAND VALUE OF SECURITIES     R106 172.25
 TRANSACTED

 NAME OF ASSOCIATE                  LTR Capital Limited a Company
                                    Incorporated under the laws of the
                                    Republic of Mauritius

 RELATIONSHIP WITH DIRECTOR         Director is a director of the associate and
                                    a beneficiary and trustee of the
                                    associate's sole shareholder

 NATURE AND EXTENT OF INTEREST IN   Indirect, beneficial
 THE DEALING


2.
 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 DEALINGS                 Purchase of shares by an associate of the
                                   director (on-market dealings)       (1-2)

DATE OF DEALINGS                   27 May 2026                         (1)
                                   29 May 2026                         (2)

PRICE OF SECURITY                  R14.00                              (1)

                                   R13.81                              (2)

NUMBER OF SECURITIES TRANSACTED    890                                  (1)
                                   910                                  (2)

TOTAL RAND VALUE OF SECURITIES     R12 460.00                           (1)
TRANSACTED                         R12 567.10                           (2)

NAME OF ASSOCIATE                  Miss EE Rossi                        (1-2)

RELATIONSHIP WITH DIRECTOR         Minor child                          (1-2)

NATURE AND EXTENT OF INTEREST IN   Indirect, non-beneficial             (1-2)
THE DEALINGS

3.
 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 DEALINGS                 Purchase of shares by an associate of the
                                   director (on-market dealings)         (1-2)

DATE OF DEALINGS                   27 May 2026                           (1)
                                   29 May 2026                           (2)

PRICE OF SECURITY                  R14.00                                (1)

                                   R13.81                                (2)

NUMBER OF SECURITIES TRANSACTED    890                                   (1)
                                   910                                   (2)

TOTAL RAND VALUE OF SECURITIES     R12 460.00                            (1)
TRANSACTED                         R12 567.10                            (2)

NAME OF ASSOCIATE                  Miss EFR Rossi                        (1-2)

RELATIONSHIP WITH DIRECTOR         Minor child                           (1-2)

NATURE AND EXTENT OF INTEREST IN   Indirect, non-beneficial              (1-2)
THE DEALINGS

Clearance for the above was obtained in terms of the JSE Listings Requirements.

Cape Town
1 June 2026

Sponsor
PSG Capital

Date: 01-06-2026 10:40:00
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