SPP - The Spar Group Limited - Exercise of options and sale of shares

SPP - The Spar Group Limited - Exercise of options and sale of shares           
THE SPAR GROUP LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/001572/06)                                           
JSE Code: SPP                                                                   
ISIN: ZAE000058517                                                              
("SPAR")                                                                        
EXERCISE OF OPTIONS AND SALE OF SHARES                                          
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements      
("Listings Requirements"), we hereby advise of the following dealing by the     
company secretary of SPAR:                                                      
Name of director                              Mr Kevin O`Brien                  
Date of transaction                           22 August 2011                    
Nature of transaction                         Exercise of options in terms of   
                                            the rules of the SPAR Share         
Incentive Scheme and subsequent     

                                            sale of shares.                     
Class of security                             Options in respect of SPAR        
                                            ordinary shares                     
Number of options exercised and strike price  6 800 at R29.00 per share         
Total value of transaction                    R197 200.00                       
Number of shares sold and selling price       6 800 SPAR ordinary shares at     
                                            R91.43 per share                    
Total value of sale                           R621 724.00                       
Nature and extent of directors` interest      Direct beneficial                 
Clearance obtained in terms of paragraph 3.66                                   
of the Listings Requirements                  Yes                               
Exercise of options concluded off-market and                                    
sale of shares concluded on-market                                              
Pinetown                                                                        
24 August 2011                                                                  
Sponsor: One Capital                                                            
Date: 24/08/2011 12:51:01 Supplied by www.sharenet.co.za                     
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