SPUR CORPORATION LIMITED - Dealing in Securities Pursuant to Long-term Share Incentive Scheme

Dealing in Securities Pursuant to Long-term Share Incentive Scheme

SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa
Registration number 1998/000828/06
Share code: SUR
ISIN: ZAE000022653
("Spur" or "the company")

DEALING IN SECURITIES PURSUANT TO LONG-TERM SHARE INCENTIVE SCHEME

Share Appreciation Rights ("SARs") exercised in accordance with the 2020 SAR Scheme

In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
details of the following trades relating to equity-settled SARs previously awarded to the Company Secretary
on 17 November 2022 ("Award Date"), vested on 17 November 2025 and exercised on 4 December 2025
("Exercise Date"), should be noted:

Name:                                                       Donfrey Meyer

Designation:                                                Company Secretary

Nature of transaction                                       Exercise, sale and retention of Spur shares in
                                                            terms of 2020 SARs

Number of SARs exercised                                    16 574 of 16 574

Number of shares acquired                                   7 285

Purchase price per share                                    R37.54

Value of purchase transaction                               R273 514

Number of shares sold                                       5 460

Sale price per share:                                       R38.70

Value of sales transaction                                  R211 302

Number of shares retained                                   1 825

Exercise/trade date:                                        4 December 2025

On/off market:                                              On market

Prior permission to deal:                                   Obtained

Nature of interest:                                         Direct beneficial


In terms of the Malus and Clawback Policy, clawback provisions will apply to the resulting shares for a
period of three years following the Exercise Date.

Cape Town
5 December 2025

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 05-12-2025 02:10:00
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.