Spear Reit : Dealing in shares by an associate 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")

DEALING IN SHARES BY AN ASSOCIATE OF A DIRECTOR

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 DIRECTOR	Christiaan Barnard
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	8 June 2022
PRICE PER SECURITY (CENTS)	809
NUMBER OF SECURITIES TRANSACTED	1 500
TOTAL RAND VALUE OF SECURITIES	R12 135
TRANSACTED
NAME OF ASSOCIATE	CBJB Investments Proprietary Limited
RELATIONSHIP WITH DIRECTOR	Director is a director and a shareholder of
	the associate
NATURE AND EXTENT OF INTEREST IN THE	Indirect, beneficial
TRANSACTION

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

Cape Town

9 June 2022

Sponsor

PSG Capital