THE SPAR GROUP LIMITED - Dealing in securities by a Director

Dealing in securities by a Director

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR")

DEALING IN SECURITIES BY A DIRECTOR


SPAR shareholders ("Shareholders") are referred to the announcement dated
12 November 2013 in which the appointment of Graham O'Conner as new CEO and director
of SPAR was announced, which appointment took effect on 1 February 2014. In accordance
with Mr O'Conner's terms of appointment, 50 000 options were offered to him, which he
has now accepted. Accordingly, in compliance with paragraph 3.63 to 3.66 of the JSE Limited
Listings Requirements, Shareholders are hereby advised of the following dealings in
securities by a director.

Name of director                                  Graham O’Conner
Date of transaction                               10 February 2014
Nature of transaction                             Acceptance of options in terms of the
                                                  SPAR Employee Share Incentive Scheme
Class of securities                               Options over ordinary shares
Number of shares covered by options               50 000
Strike price                                      R124.22
Vesting period                                    In equal thirds on the 3rd, 4th and 5th
                                                  anniversary of the allocation
Value of transaction                              R6 211 000.00
Nature and extent of directors’ interest          Direct beneficial
Transaction completed on market                   Off-Market
Clearance obtained in terms of paragraph 3.66 of
the Listings Requirements                         Yes

Pinetown
10 February 2014

Sponsor
One Capital

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