Company Spear Reit Limited

Spear REIT Limited owns and manages diversified real estate assets in South Africa. Rental income breaks down by type of asset as follows:

- shopping centers (38.6%);

- industrial premises (28.7%);

- stores (17.9%);

- hotels (10.1%);

- residences (2%);

- other (2.7%).

At the end of February 2019, the Group's real estate portfolio consisting of 30 assets with a total surface area of 402,652 m2, amounted in market value to ZAR 3,524 million, broken down by type of assets as follows: commercial centres (42%), industrial premises (27.1%), shopping centres (15.9%), hotels (14.3%) and residences (0.7%).