Spear Reit : Cash Dividend Timetable

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")

CASH DIVIDEND TIMETABLE

Shareholders of Spear ("Shareholders") are referred to the short form announcement regarding the reviewed financial results and dividend declaration for the year ended 28 February 2022 ("Short Form Announcement") released by Spear on Thursday, 26 May 2022 in terms of which shareholders were, inter alia, advised that the directors of Spear resolved to declare a final gross dividend of 35.19254 cents per share ("Cash Dividend"), with a dividend reinvestment alternative ("Dividend Reinvestment Alternative"), as well as the announcement released by Spear on Wednesday, 1 June 2022, in terms of which Shareholders were advised of the withdrawal of the entitlement to elect the Dividend Reinvestment Alternative.

In light of the withdrawal of the entitlement to elect the Dividend Reinvestment Alternative, Spear sets out below the simplified timetable in relation to the payment of the Cash Dividend:

The salient dates and times:

Last day to trade cum Cash Dividend	Monday, 13	June 2022
Trading commences ex Cash Dividend	Tuesday, 14	June 2022
Record Date	Friday, 17	June 2022
Electronic payment and CSDP/broker accounts updated in
respect of Cash Dividend on	Monday, 20	June 2022

Cape Town

6 June 2022

Sponsor

PSG Capital