SPEAR REIT LIMITED - Dealing in Shares by an Associate of a Prescribed Officer

Dealing in Shares by an Associate of a Prescribed Officer

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")

DEALING IN SHARES BY AN ASSOCIATE OF A PRESCRIBED OFFICER

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the dealing in securities is disclosed:

 NAME OF PRESCRIBED OFFICER                          Kim Pfaff- Karg

 COMPANY OF WHICH A PRESCRIBED OFFICER               Spear REIT Limited

 TYPE AND CLASS OF SECURITIES                        Ordinary shares

 NATURE OF TRANSACTION                               Purchase of shares by an associate of a
                                                     prescribed officer (on-market transaction)

 DATE OF TRANSACTION                                 3 December 2025

 PRICE PER SECURITY (CENTS)                          High:1 160
                                                     Low:1 155
                                                     Average: 1157

 NUMBER OF SECURITIES TRANSACTED                     3 310

 TOTAL  RAND VALUE OF SECURITIES                     R38 321.00
 TRANSACTED

 NAME OF ASSOCIATE                                   Bulls and Bears CC

 RELATIONSHIP WITH PRESCRIBED OFFICER                Prescribed officer is the sole member of the
                                                     associate

 NATURE AND EXTENT OF INTEREST IN THE                Direct, beneficial
 TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
4 December 2025

Sponsor
PSG Capital

Date: 04-12-2025 11:30:00
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.