Disclosure of acquisition of securities

Spear REITSEAOn SENS Monday 19 October 2026, 11:30 SAST

Shareholding changeNot material

In brief

The Public Investment Corporation SOC Limited has acquired a beneficial interest in the company, bringing its total beneficial holding to 20.443% of Spear's total issued ordinary share capital.

The announcement

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 the Public Investment Corporation SOC Limited (“PIC”) advising that it has acquired
a beneficial interest in securities of the Company, such that the total of all beneficial interests
held by the PIC amounts to 20.443% 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 the PIC, and
that this announcement does not omit anything likely to affect the importance of the information
contained in this announcement.

Cape Town
19 October 2026

Sponsor
PSG Capital
Date: 19/10/2026 11:30:00
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