Spear REIT Limited - cautionary announcement - potential purchase

Spear REIT Limited (JSE: SEA) has issued a cautionary announcement regarding potential acquisitions. The company has entered into negotiations with two unrelated third parties concerning the possible acquisition of immovable properties and related letting enterprises in the Western Cape. These transactions align with the company’s investment strategy and, if concluded, are expected to qualify as category 2 acquisitions under the JSE Listings Requirements. Such acquisitions could have a material impact on the price of Spear’s securities.

At this stage, no final agreements have been reached, and the terms of the potential acquisitions remain under discussion. Should agreements be finalized, Spear will issue the necessary Category 2 announcements in accordance with JSE regulations. Investors are advised to exercise caution when trading in Spear’s shares until further updates are provided.

The announcement was issued on 23 July 2025, and no additional developments disclosed since that date. ——————

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