SPP - The SPAR Group Limited - Business Update

SPP - The SPAR Group Limited - Business Update                                  
The SPAR Group Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/001572/06)                                           
ISIN Number: ZAE000058517                                                       
Share code: SPP                                                                 
("the Group")                                                                   
BUSINESS UPDATE                                                                 
Shareholders are advised that the Group has experienced a challenging trading   
period for the quarter ended 25 December 2010 ("the Period"), during which      
turnover increased to R9,6 billion, up 9,5% from the previous corresponding     
period.                                                                         
Furthermore, the performance has reflected strong volume growth but has been    
impacted by low food inflation. These factors, coupled with a highly competitive
trading environment have had some effect on the Group`s profitability for the   
Period.                                                                         
The above financial information has not been reviewed or reported on by the     
Group`s auditors.                                                               
The Group`s financial results for the six months ending 31 March 2011 will be   
released on SENS on or about 11 May 2011.                                       
Pinetown                                                                        
14 February 2011                                                                
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited                   
Date: 14/02/2011 15:20:01 Supplied by www.sharenet.co.za                     
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