SPANJAARD LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
(“Spanjaard” or “the Company”)
Share code: SPA ISIN code:        ZAE000006938



DEALINGS IN SECURITIES BY DIRECTORS


In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
Johannesburg Stock Exchange (“JSE”), shareholders are advised of the
following dealings in securities by directors of Spanjaard:

Name of director:                 Kentin Welgemoed
Date of transaction:              19 December 2016
Number of securities:             155
Class of securities:              Ordinary shares
Nature of transaction:            Purchase
Price per share:                  R2.87
Nature of interest:               Direct beneficial
Extent of interest:               0.0019%
Value of transaction:             R444.85
How traded                        On market
Clearance to deal obtained:       Yes

Name of director:                 Bernard Law Montgomery
Date of transaction:              19 December 2016
Number of securities:             300
Class of securities:              Ordinary shares
Nature of transaction:            Sale
Price per share:                  R3.25
Nature of interest:               Direct beneficial
Extent of interest:               0.0037%
Value of transaction:             R975
How traded                        On market
Clearance to deal obtained:       Yes

Johannesburg
20 December 2016


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 20/12/2016 02:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.