SPEAR REIT LIMITED - Disclosure of Acquisition of Securities

Disclosure of Acquisition of Securities

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")

DISCLOSURE OF ACQUISITION OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended
("Companies Act"), and paragraph 6.54 of the JSE Limited Listings Requirements,
shareholders are advised that the Company has received formal notification in the prescribed
form from Truffle Asset Management (Pty) Ltd ("Truffle") advising that it has acquired a
beneficial interest in securities of the Company, such that the total of all beneficial interests
held by Truffle amounts to 5.9% of the Company's total issued ordinary share capital.

The requisite notice in terms of section 122(3)(a) of the Companies Act has been filed with the
Takeover Regulation Panel.

The board of the Company accepts responsibility for the information contained in this
announcement and confirms that, to the best of its knowledge and belief, such information
accurately reflects the information contained in the TRP 121.1 form received by Truffle, and
that this announcement does not omit anything likely to affect the importance of the information
contained in this announcement.

Cape Town
10 March 2026

Sponsor
PSG Capital

Date: 09-03-2026 04:00:00
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