Integrated Report 2019

Non Executive Director

MIKE NAFTALI FLAX

Executive Deputy Chairman

Qualifications: B Com, GDA, CA(SA), FCMA

Mike is an accomplished property professional operating within the commercial property sector. Mike, a chartered accountant by qualification, has more than 30 years’ experience in the property sector and has been key in some of the most exciting property transactions across the listed sector. Mike was the founder of Spearhead Property Group, which was later sold to Redefine Property Fund. Mike served on the board of directors of Madison Property Fund Managers until 2009 after a merger with Redefine Properties and Apex Hi to form the new Redefine Properties and served as an executive director of Redefine Properties Limited until February 2011. Mike has extensive experience in commercial property finance, development and a variety of key financial functions within the property sector. His entrepreneurial approach to property is admired by many within the property sector and his ability to create and unlock value has been proven time and time again.

Executive Director

CHRISTIAAN BARNARD

Chief Financial Officer

Qualifications: CA(SA) (US)

Christiaan is a chartered accounted by qualification and through various family interests has been exposed to the real estate sector from a very young age and understands the demands associated with unlocking value in a real estate environment. Christiaan has experience in audit practices in various industries including software development and support, oil and gas production and property REIT holdings. Christiaan Joined Spear in July 2016 after leaving Grant Thornton LLP (Dallas) and was tasked to prepare Spear’s accounting for the JSE listing.

Christiaan leads finance and group reporting to stakeholders to provide clear, accurate and timeous information for investment decisions by both current and prospective investors. Christiaan supports the CEO in capital markets, debt negotiations and capital investments and plays a critical part in the execution of the strategic decisions taken by the CEO to place the company in the best financial position to achieve the targets as set by the CEO and board of directors.

Christiaan also oversees the implementing and compliance with all legislative and regulatory requirements as well as the implementation of the King lV requirements to provide stakeholders with the required information and insight and transparency into the company and its operations.

EXECUTIVE MANAGEMENT

CLIFF TOERIEN

Chief Operating Officer

Cliff has over 28 years' experience in the listed and non-listed commercial real estate sector with a focus on fund, portfolio and operations management. He has been directly involved in commercial, retail and industrial property leasing and sales, as well as property portfolio and asset management, and has a good knowledge of the Western Cape’s commercial property market. As COO, he is responsible for oversight of the day-to-day operations of Spear's property and asset management team, which ensures that the lifeblood of the business remains that of an active and fully engaged Landlord. In his free time, Cliff spends time with his family, being in nature, and enjoys surfing photography.

NON EXECUTIVE DIRECTOR

ABU VARACHHIA

Chairman

Qualifications: BSc (QS) (UCT)

Abu has been involved in major property transactions and has initiated multi-million Rand property development projects throughout South Africa. Abu served as a director on the board of the JSE-listed property fund Spearhead Property Holdings Limited and Ingenuity Property Investments Limited. Currently Abu serves on the board of directors of the JSE-listed company Mazor Steel & Aluminium Limited. Abu has extensive experience in property development and his skill in this regard along with his ability to find value in potential portfolio re-developments will be invaluable to the future of the business.

NON EXECUTIVE DIRECTOR

BRIAN GOLDBERG

Independent Non-executive Director

Qualifications: BA, LLB (UCT)

Brian has been active in the real estate sector for the past 25 years. During this period he has been integrally involved in many significant property developments and investments. Brian has an astute understanding of the Western Cape real estate sector. Brian has vast and varied expertise both in the commercial real estate arena and the legal technical environment relating thereto. Brian's market knowledge, deal-making and technical skills will strengthen and add value to the business' growth initiatives.

NON EXECUTIVE DIRECTOR

JALAL ALLIE

Lead Independent Non-executive Director

Qualifications: BCompt. (Hons) (Unisa)

Jalal has been involved in the real estate sector for over 21 years. Jalal joined Seeff Trust (Pty) Ltd, the forerunner to Spearhead Property Holdings, in 1993 as the Financial Manager after leaving PKF Chartered Accountants and Auditors. Early 1999 he was appointed Chief Financial Officer and Company Secretary of the newly listed Spearhead Property Holdings Limited, which he founded together with CEO Mike Flax.

NON EXECUTIVE DIRECTOR

NICLAS MATSEKE

Independent Non-executive Director

Qualifications: Master's degree in Economics and Political Science (University of Uppsala, Sweden), MBA (Stockholm School of Economics, Sweden)

Niclas is one of Sweden´s best known business leaders with a successful career as a management consultant, and later as a visionary consumer oriented CEO. He was the CEO of Novamedia Nordics since its inception in 2005 until 2015. Novamedia operates the Swedish Postcode Lottery and several TV productions. He is also recognised for his unique network of global leaders in business, politics and the NGO communities. He serves on several boards in Sweden, the US and Africa. Niclas is an active member of the global CEO network of Young Global Leaders, where he served as Chairman of its Swedish chapter. Niclas is a member of the Elders’ Advisory Board, where he supports leaders such as President Jimmy Carter, Graça Machel, Mary Robinson and Kofi Annan in their work for peace and democracy through negotiations with world leaders. Since 2013 he served on the UN´s Sustainable Development Solutions Networks Leadership Council with a focus on establishing new Sustainable Development Goals. In 2016, he relocated to South Africa to focus on developing business and sustainable solutions in Southern Africa, from his own company Perennis Limited.

Executive Director

QUINTIN MICHAEL ROSSI

Chief Executive Officer

Qualifications: BA (Law) PGDEM

Quintin has a wealth of real estate experience in both the listed and private property sector specialising in all aspects of management relating to commercial, retail, industrial, residential and hotel assets. Quintin started his career in real estate with Cape Town based Baker Street Properties where after joining Redefine Properties Limited. During his time at Redefine, Quintin was in charge of executing the national leasing strategy for the group across 450 nation wide assets. Quintin co-founded Spear with Mike Flax & Abu Varachhia in 2011 and until 17 May 2018 held the position of Managing Director. Quintin has subsequently succeeded Mike Flax as Group Chief Executive Officer and is responsible for setting the trajectory of the business, engaging the capital markets, executing the overall group strategy of Spear and ensuring that the business is placed in the best possible position to take advantage of growth opportunities within the Western Cape real estate market. Quintin leads the capital raising team & debt negotiation team and furthermore remains mandated to secure new acquisitions and development projects for Spear in line with the Company's strategy.

NON EXECUTIVE DIRECTOR

SEAN MCCARTHY

Non-executive Director

Sean has 30 year's experience in the property industry. Having developed a substantial number of residential, commercial, and industrial projects, he has knowledge across a wide array of areas in the property development field. His speciality has been identifying and developing opportunities where substantial value was unlocked. His practical, hands-on approach has allowed him to tackle complex projects, which are less attractive to the broader market, but offer higher returns.

NON EXECUTIVE DIRECTOR

Dr Rozett Phillips ("Roze')

Non-executive Director

Qualifications: MBChB (UCT), MBA (UCT), Diploma Future Studies (USB)

Roze holds the position of Group Executive :People and Culture for Absa Group Limited, a large Pan-African bank.

Prior to joining Absa, Roze held the position of Management Consulting lead and Geographic Council member for Accenture Africa and Board member of Accenture South Africa. She served this organisation for 18 years. During her time there, she also served as the Middle East, Africa, Russia and Turkey Innovation lead, creating the enablers for Accenture to lead Innovation in the region. Working at the intersection of business and technology.

Roze is Executive Sponsor for BornToSucceedWomen, a public benefit organisation dedicated to helping young South African women with the necessary skills and mentorship to prepare for the workplace and find employment.

Roze holds both Bachelor of Medicine and Surgery (MBChB) (1995) and Masters of Business Administration (MBA) (1999) degrees from the University of Cape Town and a Post graduate diploma in Future Studies (2016) from the University of Stellenbosch Business School.

Roze proudly mentors young black African men and women to unleash their full potential and is a frequent Public speaker and blog writer on the topics of the Workforce of the Future, New Skills Now and Empowerment of women, young people, the poor and marginalised.