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                    14 March 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 10 000 at R46.22 per share               
price                                                                           
Total value of transaction             R462 200.00                              
Number of shares sold and selling      10 000 SPAR ordinary shares at           
price                                  R92.58 per share                         
Total value of sale                    R925 800.00                              
Nature and extent of directors`        Direct beneficial                        
interest                                                                        
Clearance obtained in terms of                                                  
paragraph 3.66 of the Listings         Yes                                      
Requirements                                                                    
Exercise of options concluded off-                                              
market and sale of shares concluded on-                                         
market                                                                          
Pinetown                                                                        
15 March 2011                                                                   
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited                  
Date: 15/03/2011 09:27:00 Supplied by www.sharenet.co.za                     
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