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 is disclosed
regarding the dealings in the Company's securities:

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 TRANSACTION                            Purchase of shares by an associate of
                                                  the director (on-market transaction)

 DATE OF TRANSACTION                              27 February 2026

 PRICE PER SECURITY (CENTS)                       High: 1 310
                                                  Low: 1 304
                                                  Average: 1 307.67

 NUMBER OF SECURITIES TRANSACTED                  3 600

 TOTAL RAND VALUE OF SECURITIES                   R47 076.00
 TRANSACTED

 NAME OF ASSOCIATE                                Evlah Investments Proprietary Limited

 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 TRANSACTION


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 TRANSACTION                           Purchase of shares by an associate of the
                                                 director (on-market transaction)

 DATE OF TRANSACTION                             27 February 2026

 PRICE OF SECURITY(CENTS)                        1 309

 NUMBER OF SECURITIES TRANSACTED                 2 000

 TOTAL RAND VALUE OF SECURITIES                  R26 180.00
 TRANSACTED

 NAME OF ASSOCIATE                               Miss EE Rossi

 RELATIONSHIP WITH DIRECTOR                      Minor child

 NATURE AND EXTENT OF INTEREST IN                Indirect, non-beneficial
 THE TRANSACTION

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 TRANSACTION                           Purchase of shares by an associate of the
                                                 director (on-market transaction)

 DATE OF TRANSACTION                             27 February 2026

 PRICE OF SECURITY (CENTS)                       1 309

 NUMBER OF SECURITIES TRANSACTED                 2 000

 TOTAL RAND VALUE OF SECURITIES                  R26 180.00
 TRANSACTED

 NAME OF ASSOCIATE                               Miss EFR Rossi

 RELATIONSHIP WITH DIRECTOR                      Minor child

 NATURE AND EXTENT OF INTEREST IN                Indirect, non-beneficial
 THE TRANSACTION

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

Cape Town
2 March 2026

Sponsor
PSG Capital

Date: 02-03-2026 11:35:00
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