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                                      Kevin James O`Brien                   
Date of transaction                       17 January 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 securities                       Options in respect of SPAR ordinary   
                                        shares                                  
Number of options exercised and strike    5 000 at R 58.10 per share            
price                                                                           
Total value of transaction                R 290 500.00                          
Number of shares sold and selling price   5 000 SPAR ordinary shares at R 95.20 
                                        per share                               
Total value of sale                       R 476 000.00                          
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                                                                        
19 January 2011                                                                 
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited                  
Date: 19/01/2011 07:54:01 Supplied by www.sharenet.co.za                     
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