The board of directors of Spear Reit Limited announced the following changes to the social and ethics board committee (‘SEC') with immediate effect: Dr. RL Phillips, has been appointed as the chairperson of the SEC, replacing Mr. N Kjellström- Matseke. Mr. Kjellström-Matseke will remain a member of the SEC. The current membership of the SEC is as follows: Dr. RL Phillips (chairperson); Mr. BL Goldberg; Mr. QM Rossi; Mr. N Kjellström-Matseke.